Pachter expects Majesco to cook up Q3 profit |
Ó
Thanks to Cooking Mama's hot sales and light-hearted gameplay that attracts casual gamers, Wedbush Morgan analyst Michael Pachter foresees good numbers in Majesco Entertainment's upcoming financial report for this quarter.Pachter has faith that the company will post around US$ 10 million in sales this Q3, widely attributed to Cooking Mama. According to his expectations, sales would have dropped by 20%, slightly missing NPD figures that show Majesco experienced a 4% increase since last year.
Pachter is positive about the company's future, saying "Majesco's remaining FY:07 lineup of budget titles, including 6 DS, 1 Wii, and 1 Xbox 360 game, should provide relatively modest revenue at a modest cost."
Improvement in sales and cost management led Pachter to believe that the company will return to profitability soon.
With Majesco enjoying US$ 12–13 million in quarterly revenue, Pachter sees US$ 65 million in annual revenues for the company. With upcoming Cooking Mama 2 and Furu Furu Park, and other promising titles, it doesn't take Nostradamus to guess that some good things awaits.
Contact Us:
The QJ.net Network |
 |
| Site | Feed |
| QJ.NET | RSS |
| Nintendo DS | RSS |
| PlayStation 3 | RSS |
| PSP Updates | RSS |
| Wii | RSS |
| Xbox 360 | RSS |
| MMORPG | RSS |
| Personal Computer Games | RSS |
| iPhone - iPod Touch | RSS |
| QJ.NET Forums | RSS |
Add QJ.NET
User Favorites - December
User Favorites - December
Categories
Archives
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
