Known gaming analyst for Wedbush Morgan Securities, Michael Pachter, recently made comments that the sequel to Cooking Mama could actually help Majesco get out from the red and into the black. Pachter states "Majesco may continue to struggle with its low cash levels, we believe that the company is close to returning to profitability, due to improvements in its sales and cost management."Pachter says that the success of the sequel title will help stabilize Majesco's revenues."We are increasingly positive on the story now that the company has been able to stabilize revenues in the $12 – 13 million quarterly range, and believe that Majesco can be slightly profitable at $65 million in annual revenues."
Majesco is due to report its third fiscal quarter earnings later on this month on September 11th.
Reader Comments (Page 1 of 1)
9-05-2007 @ 1:13PM
hvnlysoldr said...
Cooking Mama did stabilize them, so a sequel that sells as good or better will definitely help them.
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9-05-2007 @ 1:13PM
ELIJAH said...
Was the first game worth buying? Or was it a time waster for premium titles.
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9-05-2007 @ 1:40PM
OhJustSomeRandomGuy said...
These guys are turning into an indie version of EA, milking their crappy product to death.
That Wii version was NOT worth $50. Hell, it wasn't even worth $30.
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