Graphix Zone’s Revenue and Losses Rise

The Graphix Zone Inc., an Irvine interactive multimedia products and services company, reported a net loss of $294,409, or 12 cents a share, for the third fiscal quarter, compared with a net loss of $207,649, or 12 cents a share, for the like period a year ago. Revenue for the quarter that ended March 31 rose to $1.7 million from $325,326.

For the nine-month period, the company recorded a net loss of $1.7 million, or 67 cents a share, compared with a net loss of $169,941, or 9 cents a share, for the corresponding three quarters of the prior fiscal year. Revenue more than doubled to $2.7 million from $1.3 million.