3D Labs Fourth Quarter

3D Labs has announced financial results for the fourth quarter and for 1999 as a whole, as well as marking the company's return to profitability. Revenues for the fourth quarter totaled $14.2 million, up 173 percent from $5.2 million in the same quarter last year. Income increased to $449 thousand from last year's fourth quarter loss of $4.9 million. For the year as a whole 3D Labs managed an slight eight percent increase in revenues, to $46.2 million in 1999 versus $42.7 million the year before, but managed to slash losses from $32.2 million in 1998 to just $2.8 million this year. "We announced two significant relationships in the last few months with Intel and Creative Technology Ltd., which resulted in additional funding of $15 million for our business," said company president Osman Kent, "With this additional funding, we plan to expand our reach and leverage our technology in high growth markets beyond our core professional business."