NEWS - Monday, June 14, 2004


Mejesco Has Good Second Quarter

EDISON, N.J. --(Business Wire)-- June 14, 2004 Majesco Holdings Inc. (OTCBB: MJSH), a leading developer, publisher and distributor of interactive entertainment products, announced today results for its second quarter and six-month period ended April 30, 2004. For the quarter, the Company reported net revenue of $17.0 million, a 24 percent increase from $13.7 million during the same period in 2003. Gross profit increased to $5.4 million for the fiscal 2004 three-month period, compared to $4.6 million in the comparable 2003 period. Operating income increased to $1.1 million for the 2004 second quarter, versus $450,000 generated in the same quarter one year ago. The increase in net revenue and gross profit is primarily due to increased sales of Game Boy(R) Advance titles. For the three-month period ended April 30, 2004, the Company reported a net loss of $49.0 million, principally as a result of a $49.2 million non-cash charge related to the issuance of warrants in connection with our recently completed private placement (see tables for further explanation regarding "EITF 00-19", Accounting for Derivative Financial Instruments Indexed To, and Potentially Settled in, a Company's Own Stock), compared to a net loss of $200,000 in the prior year. Excluding the non-cash charge, Majesco would have generated net income of $200,000 during the quarter, an improvement of $400,000 from the same period last year. For the six-month period ended April 30, 2004, the Company reported revenue of $41.7 million, an increase of 54 percent versus revenue of $27.1 million in the same period during 2003. Gross profit increased to $12.9 million during the six-month period, versus $9.9 million in the comparable six-month period during 2003. For the 2004 period, operating income was $3.5 million versus $837,000 in the comparable 2003 time period. For the six-month period ended April 30 2004, the Company reported a net loss of $47.9 million, as a result of the $49.2 million non-cash charge related to the issuance of warrants in connection with our recently completed private placement in accordance with EITF 00-19, compared to a net loss of approximately $420,000 in the prior year. Excluding the non-cash charge, the Company would have generated net income of $1.3 million for the 2004 six-month period Other tidbits of interest from the report relating to Xbox.
  • Announced plans to publish the popular fighting franchise Guilty Gear X2 #Reload with Xbox(R) Live support for the Xbox(R) video game system from Microsoft this summer
  • Announced plans to publish Ultra Bust-A-Move with Xbox Live support for Xbox

  • Source: http://www.virtualpressoffice.com

    Comments

    Site Statistics

    Registered Members: 44,324
    Forum Posts: 725,654
    Xbox One Titles: 1,081
    Xbox 360 Titles: 1,085
    Xbox 360 Kinect Titles: 95
    Xbox 360 Arcade Titles: 585
    Original Xbox Titles: 987
    Staff Reviews: 1,643
    Member Reviews: 10,339
    News Articles: 14,074
    Screenshots: 30,717
    Xbox 360 Achievements: 45,112
    Xbox 360 Faceplates: 2,016
    Cheat Codes: 1,706

    Latest News








    See News Archives

    Community Forum Activity

    Xbox One X LA noire
    Post by oryanphine
    0 Replies, 52 Views

    Xbox One Assassins Creed Origins
    Post by oryanphine
    1 Replies, 360 Views

    Xbox One S Porsche 919 Hybrid Edition
    Post by oryanphine
    3 Replies, 425 Views

    OG Xbox on Xbox One now live!
    Post by Kamshaft
    2 Replies, 647 Views

    Xbox One S Renault F1
    Post by oryanphine
    2 Replies, 470 Views

    Xbox One S Wolfenstein 2 The New Colossus
    Post by oryanphine
    1 Replies, 648 Views

    Xbox One S Prey
    Post by oryanphine
    0 Replies, 438 Views

    Xbox One S Cuphead
    Post by oryanphine
    2 Replies, 744 Views

    Xbox One S Shadow of War a gagner
    Post by oryanphine
    0 Replies, 421 Views

    I Buy Very Rare XBox 360 Faceplates
    Post by Smill
    8 Replies, 1037 Views

    Xbox Wire desormais disponible en francais
    Post by oryanphine
    0 Replies, 785 Views

    Manette Xbox 360 Gamestop Radioactive
    Post by oryanphine
    1 Replies, 1094 Views

    Xbox One Moratl Kombat X sur Ebay
    Post by oryanphine
    0 Replies, 1061 Views

    Console Xbox 360 et faceplate Xbox 360 in package blue
    Post by oryanphine
    0 Replies, 1017 Views

    Seagate Fanfest External Drive Scorpio
    Post by oryanphine
    2 Replies, 1370 Views

    © 2000-2017 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
    Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

    Made in Canada
    Site Design by Cameron Graphics