Business Context and Reporting Period
This Form 8-K was filed by Take-Two Interactive Software, Inc. on August 9, 2011. The report provides additional information furnished in conjunction with the company's earnings call held on August 8, 2011.
Key Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, debt, or liquidity. The only financial metric disclosed is a forward-looking gross margin projection.
Material Changes
No material changes versus prior periods are detailed in this specific filing, as it serves to supplement the recent earnings call rather than report historical financial results.
Guidance and Outlook
Management provided the following guidance for the fiscal year ending March 31, 2012:
- Gross Margins: Expected to be in the range of the high 30s to the low 40s.
This information was presented in response to requests from analysts and investors. The filing includes standard legal disclaimers stating that this forward-looking information is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934 and shall not be incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Verify the full context of the August 8, 2011 earnings call to understand the drivers behind the gross margin guidance.
- Review the company's most recent 10-Q or 10-K for actual historical revenue, profit, and cash flow figures, as they are not included in this 8-K.
- Monitor future filings to see if the projected gross margin range of high 30s to low 40s is achieved for the fiscal year ending March 31, 2012.