3dfx has announced its fourth-quarter earnings as of January 31, 2000. Revenues increased considerably; the company reported a total of $109,388,000, compared with the previous year's figure of $60,743,000. The company attributed this increase to the sale of board-level products, as its previous year's sales were characterized mainly by chip-only sales. The company's 1999 revenues totaled $360,523,000, compared with its previous year's revenue of $202,601,000 - an increase also attributed to board-level sales over chip-only sales.

　　However, the company reported a net fourth-quarter loss of $31,886,000, compared with the previous year's net income of $2,091,000. 3dfx attributed this loss to a number of factors, including restructuring costs that resulted from the company's workforce reductions and a one-time goodwill amortization expense associated with its merger with STB. 3dfx's stock reported a per share loss of $1.31, compared with its 1998 fourth-quarter earnings of $0.13 per share, though the change was measured over a much larger number of shares (due to the merger).

　　"We have stumbled in the recent past, fully acknowledge, and understand our missteps and are prepared to take every action to be a global leader moving forward," said CEO Dr. Alex Leupp. "We want to return to profitability as soon as possible. We believe our financial results will lag our actions by several months and we won't see the real impact of our actions reflected in our P&L until our fiscal year 2001 second quarter ending, July 31, 2000." Leupp cited cost reduction in chip manufacturing, volume-agreement negotiations with vendors, and a more-profitable approach to OEM sales as examples of measures the company has already taken to compensate for its lackluster fourth-quarter performance. In addition, Leupp stated that production wafers for the Voodoo 4 and 5 cards are in fabrication now and are scheduled for shipment in the first quarter of the fiscal year 2001.