Majesco announced its financial results today. And believe it or not, the company says things are going well.
Here's how well:
For the first quarter ended January 31, 2009, Majesco's net revenues increased 75.8 percent to $32.8 million versus $18.7 million in the same period a year ago. During this same period, the Company reported operating income of $3.7 million compared to operating income of $2.4 million in the first quarter of 2008. Net income for the quarter was $4.2 million versus net income of $2.7 million in 2008. The Company's basic and diluted earnings per share for the quarter were $0.15 compared to $0.10 in the same period last year.
Revenues increased almost 76%! Damn, man.
Majesco says the increase was due primarily to strong sales across the company's product line, specifically the Cooking Mama franchise and Jillian Michaels' Fitness Ultimatum 2009. So next time you think no one plays casual games or fitness games, compare Majesco's profits to the money made by harder-core game company Take Two. It's not pretty.
Majesco's product lineup is below the cut.
All of the following titles have been or are expected to be released in North America during the Majesco's second quarter:
-- Gardening Mama for DS stars Mama from the multi-million selling Cooking Mama franchise and is the first gardening game available on DS. Gardening Mama transforms the stylus into a universal gardening tool that players will use to plant, nurture and harvest flowers, fruits and vegetables. A playable demo is currently available through May in the Nintendo download station at 10,000 retailers nationwide.
-- Math Blaster in the Prime Adventure for DS is inspired by the original hit PC game from Knowledge Adventure that makes learning fun by combining a variety of adventure-based learning games with challenging mathematic puzzles and the unique capabilities of Nintendo DS.
-- Major Minor's Majestic March for Wii marks the return of the creative team behind the renowned PaRappa the Rapper franchise--legendary game designer and multimedia musician Masaya Matsuura and famed New York artist Rodney Alan Greenblat. The game turns the Wii Remote into a "special" baton the bandleader Major Minor uses to keep tempo, recruit new band members and pick up valuable items, while marching through whimsical locations.
-- Escape the Museum for Wii is based on the popular online hidden object game that challenges players to rescue museum artifacts and find their missing daughter in a museum devastated by an earthquake.
-- Rollin' Rascals for DS is an addictive puzzler that challenges players to roll adorable round pets around obstacles and into identical pairs to clear them from the game board.
-- Powerbike for DS is an intense motorcycle racer that features death-defying stunts, intense police chases and competitive multiplayer modes.
-- Puffins Island Adventure for DS lets players experience life as part of a Puffin flock as they fly, dive, swim, explore and start a family in this fun and educational experience focused on one of nature's more unusual and endearing sea birds.
To date, the Company has announced the following titles that are expected to be released during the rest of fiscal 2009:
-- Drama Queens for DS tasks players with juggling their love life, career and friendships as they compete in a popularity contest set within a virtual 3D board game.
-- Go Play Lumberjacks for Wii is the first game in Majesco's recently announced Go Play line of motion-based, family friendly Wii titles that lets players use the Wii Remote to chop, climb, saw and logroll to victory in 5 entertaining events that include support for the Wii Balance Board accessory.
-- Go Play Circus Star for Wii is the second game in Majesco's recently announced Go Play line that includes a full collection of all-time favorite circus attractions. Featuring support for the Wii Balance Board accessory, the game lets players wow the crowd with death-defying stunts, animal tricks and sleight of hand in 15 different events.
-- Go Play City Sports for Wii is the third game in Majesco's new Go Play line that recreates the experience of playing sports in a vast urban playground where manhole covers double as home plate. This all-new sports compilation allows players to compete against the best neighborhood athletes in six classic games, including stickball, kickball, handball, rooftop hockey, shootout soccer and jump rope.
-- Marker Man Adventures for DS is a unique game based on drawing and physics challenges in which players maneuver the charming stick figure, Marker Man, through a myriad of scrolling world puzzles in his attempt to find his best friend, Doodle Dog.
-- Hot 'n' Cold for DS is the first fully 3D hunt and find adventure game for the handheld. Players use the innovative Hot 'n' Cold meter as a guide to discovery of hundreds of missing objects.
-- Our House: Party! for Wii turns the Wii Remote into the ultimate home renovating tool that lets up to four players compete party style to build their own personalized trophy home that they can then share with friends via WiiConnect24.
-- Our House for DS is the second game from Majesco Studios Santa Monica. This companion game to the Wii version lets players work as contractors and then use their work-for-hire earnings to design, build and decorate their own personalized home.
-- A Boy and His Blob for Wii is a rebirth of the NES classic that expands upon the original platform adventure and features groundbreaking hand drawn and painted animation technology. By feeding the blob jelly beans, players can activate his special abilities to transform him into tools that help the pair solve puzzles, defeat monsters and escape danger.