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Majesco Experiences Heavy Q2 Losses

Majesco Entertainment today announced their financial results for their fiscal period ending April 30, 2007.

The company experienced a gain in revenue during its 2nd quarter ending at $14.6 million compared to $11 million in 2006. Unseen in analytical claims, Majesco posted a loss of $1.3 million compared to $800 thousand in profits during the same period one year ago. The net loss results from a $2.5 million charge due to a class action lawsuit taken against the company.

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RedSeven3507d ago

I've been waiting to hear about Majesco's financial statistics all month. Thank goodness it has finally arrived.