<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934.
DATE OF REPORT (date of earliest event reported): JULY 21, 1999
THE 3DO COMPANY
(Exact name of Registrant as specified in its charter)
DELAWARE 000-21336 94-3177293
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation or organization) Identification Number)
600 GALVESTON DRIVE
REDWOOD CITY, CA 94063
(Address of principal executive offices including Zip Code)
(650) 261-3000
(Registrant's telephone number, including area code)
<PAGE>
ITEM 5. OTHER EVENTS
On July 21, 1999, The 3DO Company, a Delaware corporation, announced
unaudited financial results for its first quarter ended June 30, 1999. Further
details regarding this announcement are contained in the Company's press release
dated July 21, 1999, attached as an exhibit hereto and incorporated by reference
herein.
<PAGE>
<TABLE>
<CAPTION>
Exhibit Number Description
- -------------- -----------
<S> <C>
99.1 The 3DO Company Press Release, dated July 21, 1999.
</TABLE>
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE 3DO COMPANY
By: /s/ James A. Cook
---------------------
James A. Cook
Executive Vice President,
General Counsel and Secretary
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit Number Description
- -------------- -----------
<S> <C>
99.1 The 3DO Company Press Release, dated July 21, 1999.
</TABLE>
<PAGE>
THE 3DO COMPANY FINANCIAL RELATIONS BOARD
John Adams Lisa Horn Chainey (general information)
Chief Financial Officer Reid Cox (analyst contact)
650-261-2692 415-986-1591
FOR IMMEDIATE RELEASE
- ---------------------
THE 3DO COMPANY ANNOUNCES FIRST QUARTER EARNINGS
REDWOOD CITY, CALIF.--JULY 21, 1999 - The 3DO Company (Nasdaq: THDO) today
announced revenue and earnings for the first quarter ended June 30, 1999.
The Company reported revenues of $13.1 million for the three months ended June
30, 1999. Gross profit was $9.2 million and total operating expenses were $15.7
million for the quarter. The Company also reported a net loss of $6.8 million,
or a loss of $0.26 per share. These results are consistent with the Company's
estimates released on Monday, July 19, 1999.
The Company expects to host its first quarter conference call on Wednesday, July
28, 1999 after the close of market.
The 3DO Company, headquartered in Redwood City, Calif., develops, publishes and
distributes interactive entertainment software for personal computers, the
Internet and advanced entertainment systems such as the PlayStation-Registered
Trademark- game console and Nintendo-Registered Trademark- 64 console. 3DO
markets and publishes its products worldwide under multiple brand names
including Army Men-TM-, BattleTanx-TM-, Heroes of Might and Magic-TM-, High Heat
Baseball-TM-, Might and Magic-Registered Trademark-, and Meridian 59-TM-. More
information about 3DO's products can be found on the Internet at www.3do.com.
-----------
3DO, ARMY MEN, BATTLETANX, HEROES OF MIGHT AND MAGIC, HIGH HEAT BASEBALL,
MERIDIAN 59,
<PAGE>
MIGHT AND MAGIC, AND THEIR RESPECTIVE LOGOS, ARE TRADEMARKS AND/OR SERVICE MARKS
OF THE 3DO COMPANY IN THE U.S. AND OTHER COUNTRIES
PLAYSTATION AND THE PLAYSTATION LOGOS ARE REGISTERED TRADEMARKS OF SONY COMPUTER
ENTERTAINMENT INC.
NINTENDO, NINTENDO 64, N64, AND NINTENDO POWER ARE REGISTERED TRADEMARKS OF
NINTENDO OF AMERICA INC. AND -C- 1996 NINTENDO OF AMERICA INC.
<PAGE>
THE 3DO COMPANY
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
<TABLE>
<CAPTION>
Three Months ended June 30,
--------------------------------------
1998 1999
----------------- -----------------
<S> <C> <C>
Revenues $ 9,533 $ 13,072
Cost of revenues 2,519 3,885
----------------- -----------------
Gross profit 7,014 9,187
Operating expenses:
Research and development 5,523 7,659
Sales and marketing 1,875 5,336
General and administrative 2,488 2,696
----------------- -----------------
Total operating expenses 9,886 15,691
----------------- -----------------
Operating loss (2,872) (6,504)
Net interest and other income 435 (114)
----------------- -----------------
Loss before provision for income and foreign withholding taxes (2,437) (6,618)
Provision for income and foreign withholding taxes 130 155
----------------- -----------------
Net loss $ (2,567) $ (6,773)
----------------- -----------------
----------------- -----------------
Basic net loss per share $ (0.10) $ (0.26)
----------------- -----------------
----------------- -----------------
Diluted net loss per share $ (0.10) $ (0.26)
----------------- -----------------
----------------- -----------------
Shares used to compute basic net loss per share 25,653 25,641
----------------- -----------------
----------------- -----------------
Shares used to compute diluted net loss per share 25,653 25,641
----------------- -----------------
----------------- -----------------
</TABLE>
CONSOLIDATED CONDENSED BALANCE SHEETS
(IN THOUSANDS)
<TABLE>
<CAPTION>
March 31, 1999 June 30, 1999
----------------- -----------------
<S> <C> <C>
Assets
Cash, cash equivalents and short-term investments $ 13,851 $ 14,446
Accounts receivable, net 20,777 11,835
Other current assets 1,420 1,482
----------------- -----------------
Total current assets 36,048 27,763
Property and equipment, net 3,320 4,020
Other assets 1,120 1,009
----------------- -----------------
Total assets $ 40,488 $ 32,792
----------------- -----------------
----------------- -----------------
Liabilities & Stockholders' Equity
Accounts payable $ 1,859 $ 1,223
Deferred revenue 485 369
Short-term debt 9,505 0
Other current liabilities 8,524 9,504
----------------- -----------------
Total current liabilities 20,373 11,096
Long term debt 0 7,888
----------------- -----------------
Total liabilities 20,373 18,984
Stockholders' equity 20,115 13,808
----------------- -----------------
Total liabilities and stockholders' equity $ 40,488 $ 32,792
----------------- -----------------
----------------- -----------------
</TABLE>
3DO IS A TRADEMARK OF THE 3DO COMPANY.
