01—Abstract
Summary
Summary of the 8-K filed August 2, 2017. Cited figures are marked; the original filing is the authoritative source.
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on August 2, 2017, to report its financial results for the first fiscal quarter ended June 30, 2017.
The filing incorporates by reference a press release (Exhibit 99.1) containing these results, which are crucial for investors to assess the company's performance and financial health. While the 8-K itself doesn't detail the financial figures, it serves as the official notification that the earnings press release has been issued.
Investors should refer to the attached Exhibit 99.1 for specific metrics on revenue, profitability, and any forward-looking guidance provided by management. This information is key to understanding the company's trajectory and potential investment value.
02—Key points
Key Highlights
- The 8-K filing on August 2, 2017, officially announced Take-Two Interactive Software's first fiscal quarter (ended June 30, 2017) financial results.
- The core financial details are presented in an attached press release (Exhibit 99.1), which is incorporated by reference.
- Investors need to review Exhibit 99.1 for specific financial performance metrics and management commentary.
- The filing is made under Item 2.02 (Results of Operations and Financial Condition).
- Information furnished under Item 2.02 is not considered 'filed' for certain legal purposes, meaning it doesn't automatically subject the company to liabilities under specific sections of the Securities Act.
- The company is identified as an "emerging growth company" but elected not to use the extended transition period for new accounting standards.
03—Questions
Frequently Asked Questions
Where can I find the specific financial results for Q1 2017?
The specific financial results for Take-Two Interactive Software's first fiscal quarter ended June 30, 2017, are detailed in the press release attached as Exhibit 99.1 to this 8-K filing.
What is the significance of Item 2.02 in this filing?
Item 2.02 pertains to 'Results of Operations and Financial Condition,' indicating that the 8-K is being used to officially announce and report on the company's financial performance for the specified period.
Why is the information 'furnished' and not 'filed'?
Information furnished under Item 2.02 is typically from a press release announcing earnings. It is 'furnished' to avoid certain liabilities under Section 18 of the Exchange Act and Sections 11 and 12(a)(2) of the Securities Act, while still providing timely information to investors. This information is also not automatically incorporated into other filings unless explicitly stated.
What does it mean that Take-Two is an 'emerging growth company'?
As an 'emerging growth company,' Take-Two could potentially benefit from certain regulatory accommodations, including an extended transition period for complying with new or revised financial accounting standards. However, in this filing, the company indicated it has chosen not to use this extended period, meaning it will comply with new/revised standards as they become effective.
04—Continue