Majesco Reports a Profit Following Tough Year

[fitbabits]

Head on over to Gamasutra (http://www.gamasutra.com) for the full article (http://www.gamasutra.com/php-bin/news_index.php?story=9640).

Troubled game publisher Majesco Entertainment (Psychonauts) has announced its financial results for the second quarter ended April 30, 2006, which included a slight increase over 2005, due to the company's recent strategic shift, showing a slight profit.

The company reported second quarter net revenues of $11.6 million, down from $19.9 million reported over the same period in 2005, and gross profit for the second quarter of $3.9 million, a significant decline from the $8.4 million reported in 2005's second quarter. Overall, the Company generated a profit of $839,000 for the quarter, actually slightly up compared to a profit of $189,000 for the second quarter of last year.

Majesco indicated that the lower net revenues and gross profits were due to the company's shift in 2005 from premium console games to value and handheld titles, which were partially offset by an increase in international net revenue.

"During the second quarter we made significant progress in establishing a solid foothold in the portable games market with the launch of Age of Empires and Guilty Gear Dust Strikers, both for the Nintendo DS,” commented Morris Sutton, Majesco's Chairman and Interim Chief Executive Officer. “We are seeing traction with our products in the third quarter, specifically Jaws Unleashed, which launched at the end of May.”
Good news for a very deserving publisher.

[Skjef]

Good news for a very deserving publisher.Indeed. Unfortunately, it doesn't look like they'll be taking any risks in the immediate future. Hopefully that will change as they get back on their feet.

[mkelehan]

Remember this, investors. Psychonauts, no profit. Jaws Unleashed, profit.

[Skjef]

Remember this, investors. Psychonauts, no profit. Jaws Unleashed, profit.Proof positive that there is no justice in this world.

[JG_ZERO]

Good news for a very deserving publisher

Damn right. Majesco took some big chances and brought out some great games that might never have seen the light of day otherwise. Then it nearly ruined them.

[jeffbax]

Can't help but root for this company. Its easy to ridicule some of their games, but they do bring out some gems.

I really wish they gave Advent Rising some more time in the oven though :(

[jeffool]

Couldn't happen to a more gooder buncha folk! And thanks Majesco; not just for Psychonauts, but for Guilty Gear X2 #Reload too!

[pheriannath]

Now if only they'd cockpunch Microsoft hard enough to get Psychonauts working on the 360.

[supahfly]

HaHa pheriannath, yeah it would be a shame not to have such a great title on the 360

[Sinistar]

Good news for a very deserving publisher.

Not sure if that statement is true. You must not know the history of Majesco too well. I mean, they bailed out Psychonauts (a fan boy fav) when it was nearly cancelled. But they have a history that goes back probably 10-15 years. Majesco's best days are behind them by far. They matter very little in the big scheme of things.

[fitbabits]

Not sure if that statement is true. You must not know the history of Majesco too well. I mean, they bailed out Psychonauts (a fan boy fav) when it was nearly cancelled. But they have a history that goes back probably 10-15 years. Majesco's best days are behind them by far. They matter very little in the big scheme of things.
I know enough about them to stand by my original statement. I have a history going back 38 years now - does that mean I'm even less deserving of well wishes than Majesco?

NOTE - I'm picking up on your lack of information as it pertains to Majesco's history (as you see it).

[TrackZero]

Remember this, investors. Psychonauts, no profit. Jaws Unleashed, profit.

There's something so wrong with America (and yes, I mean America, since no other country would waste their time on titles like this...or at least I'd like to think so).