Auditor worried about Majesco's financial health

Posted Feb 5, 2007 at 10:25AM by QJ Staff Listed in: Wii, Nintendo DS Tags: Goldstein Golub Kessler, Majesco Entertainment

Should Majesco Entertainment worry? Goldstein Goulb Kessler, an independent auditing firm, issued a "going concern modification" for Majesco. We don't know the exact definition of the term (okay, not at all, period), but GamesIndustry is kinda worried about it.

GI cited Chief Financial Officer for Majesco, John Gross, mentioning the publisher's shift from big budget games to save up on costs. While Gross pointed to improvements in their company's bank balance as an "encouraging" sign, the auditing firm remains concerned.

Well, for the sake of the publisher, hopefully bringing over Cooking Mama: Cookoff to US shores, as well as their support for the Wii, will spell a recipe for better bank books.

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by x';",)` - 2007-02-26 15:40

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