February 14, 1995
T-HQ Inc., a Calabasas video game company, said it plans a 15-to-1 reverse stock split. Under the plan, to take effect Wednesday, each holder of T-HQ common stock will receive one share for every 15 shares he owns. Reverse stock splits are usually undertaken by companies wanting to boost the price of their stock to attract investors. T-HQ's shares have traded recently at less than 50 cents each.
July 30, 1996
T-HQ Inc. posted record earnings and sales in its second quarter that ended June 30. The Calabasas toy software concern posted net income of $496,000, compared to a profit of $281,000 a year earlier. In the latest quarter, T-HQ's revenues climbed 75% to $12.1 million, up from $6.9 million a year ago. For the six-month period, T-HQ posted a $235,000 profit compared to a $150,000 loss last year. Its sales rose 67% in the latest six months to $18.7 million from $11.2 million.
May 9, 1995
Calabasas-based T-HQ Inc., a maker of interactive entertainment software, reported a first-quarter net loss of $431,000, compared with a loss of $2.56 million during the first quarter a year ago. Revenues for the quarter ended March 31 were $4.3 million, down 14% from $5 million in sales from a year earlier. Brian J.
November 3, 1992
T.HQ Inc., a Calabasas maker of video games and toys, reported a sharp drop in its third quarter earnings and sales due to late deliveries of some of its products. In the quarter that ended Sept. 30, T.HQ earned $220,000, a 70% decline from a $723,000 profit a year earlier. Sales for the quarter fell 19%, to $6.13 million from $7.58 million. T.HQ's nine-month profit was $1.45 million, 4% below its $1.5 million profit in 1991. However, sales for the period more than doubled to $23.
May 21, 1991
T HQ Inc., a Calabasas company that develops and markets games for the Nintendo home video system, has agreed to be acquired by Trinity Acquisition Corp. in a stock swap valued at about $33 million. According to a filing with the Securities and Exchange Commission, each common share of T HQ will be exchanged for 67,100 common shares of Trinity, a New York-based shell company. T HQ's shareholders will end up owning 51.7% of the new company, the filing stated.
September 20, 1994
T-HQ Inc., a Calabasas publisher of video game software, said it has abandoned plans to sell additional stock to the public because of a series of financing deals and a private stock sale. T-HQ said it completed a $3-million credit facility for its domestic operations. It also said it has signed a letter of intent to complete a $1.75-million credit facility for its foreign operations, and has sold 2.
May 11, 1993
T.HQ Inc., a Calabasas developer of video games, reported that its first quarter earnings plunged 67% despite a 13% increase in revenue. In the three months that ended March 31, T.HQ earned $398,000, compared to a profit of $1.2 million a year before. Its revenue totaled $12 million, up from $10.7 million. The company said the lower profit resulted from the cost of using computer chips with greater memory capacity in some of its video game software.
April 26, 1994
Companies ranked by percentage loss in stock price. % Change 4/8/94 3/31/93 Stock Stock Stock Rank Company Price Price Price 1 CBL Medical Inc. -93 0.21 2.88 2 UnionFed Financial -86 1.62 11.25 3 Laser Medical Technologies -85 1.37 9.00 4 RX Medical Services -83 2.87 16.50 5 Pacific Bank -82 10.25 57.50 6 Kenfil Inc. -81 1.37 7.25 7 Advanced Medical Inc. -81 1.12 5.88 8 American Shared Hosp. Svc. -81 0.75 3.88 9 Audre Recognition Systems -79 0.93 4.37 10 Applied Biosystems -77 5.00 21.