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[Time Published September 10, 2013 at 07:29AM]
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Majesco Entertainment's woes continued with lackluster results for the third quarter of its 2013 fiscal year, including a 56 percent year-over-year drop in net revenue from $9.1 million to $4 million, the company announced today.
Due to a light product release slate for the three-month period ending July 31, Majesco recorded an operating loss of $3.6 million, the same as in the year-ago quarter. The company's net loss worsened from $3.1 million in Q3 2012 to $3.6 million in Q3 2013.
Majesco's net revenue is also down significantly for the fiscal year so far. During the first three quarters of Majesco's 2012 fiscal year, the company saw net revenue of $105.7 million; that total is $37.2 million this year, a 65 percent decrease. The...
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[Source Maxim Bange shared items on The Old Reader (RSS) http://www.polygon.com/2013/9/9/4712432/majesco-q3-2013-financials]
[Time Published September 10, 2013 at 07:29AM]
[<-- Content]
Majesco Entertainment's woes continued with lackluster results for the third quarter of its 2013 fiscal year, including a 56 percent year-over-year drop in net revenue from $9.1 million to $4 million, the company announced today.
Due to a light product release slate for the three-month period ending July 31, Majesco recorded an operating loss of $3.6 million, the same as in the year-ago quarter. The company's net loss worsened from $3.1 million in Q3 2012 to $3.6 million in Q3 2013.
Majesco's net revenue is also down significantly for the fiscal year so far. During the first three quarters of Majesco's 2012 fiscal year, the company saw net revenue of $105.7 million; that total is $37.2 million this year, a 65 percent decrease. The...
Continue reading…
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[Source Maxim Bange shared items on The Old Reader (RSS) http://www.polygon.com/2013/9/9/4712432/majesco-q3-2013-financials]
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