<a href="http://www.tremor.net">Tremor Entertainment</a> announced its results for the quarter ended December 31, posting revenues of $599k, an increase of 39% over the previous year.
That wasn't enough to pull the company into the black however, as the company saw a net loss of $322k -- slightly better than the $351k loss in the prior year. According to Tremor's Chairman and CEO Steven Oshinsky, the company is working on an action fantasy title for Microsoft which is scheduled to hit retail by Christmas 2002. The game, an Xbox title, will be announced by E3 in May.
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