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Majesco hopes for better Q2 with next-gen console games

Edison, New Jersey game studio Majesco Entertainment Company's first quarter results confirm an expected drop in revenue over last year. The company's net revenue was US$14.5 million for Q1 2007, compared to US$21.6 million for the same period last year.
March 20, 2007

Edison, New Jersey game studio Majesco Entertainment Company’s first quarter results confirm an expected drop in revenue over last year.

The company’s net revenue was US$14.5 million for Q1 2007, compared to US$21.6 million for the same period last year. The company derived 47% of its Q1 net revenues from new releases, 29% from catalogue titles, a whopping 20% from Dance Dance Revolution alone, and 4% from other products. Operating losses for the quarter were US$182,000, while the company chalked up a net loss of US$926,000.

Majeseco’s interim CEO Jesse Sutton pinned the revenue downturn on the company’s new strategy to move away from high-cost premium games to focus on easy-to-play mass-market games. The company is banking on the launch of its first Wii titles and new Nintendo DS games for a better Q2.

About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com

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