Majesco Plans

Majesco has shown its key accomplishments and revealed a few of it's plans for 2005.

Majesco, known for their video games and GBA Video packs, has reported net revenues of $121 million, as compared to $46.6 million in fiscal 2003. Gross profit increased to $34.7 million, or 28.7% of net revenues versus $15.8 million, or 33.9% of net revenues during 2003. For the 2004 period, operating income was $12.1 million versus an operating loss of $8.7 million in the comparable 2003 time period. Net loss for the year was $11.2 million, or $.26 per share based on 58,699,602 weighted average shares outstanding, compared to a net loss of $10.8 million, or $.71 per share based on 15,325,000 weighted average shares outstanding last year.

But of course we know you're not really interested in the financial status of Majesco. What did Majesco do during 2004?

- Majesco secured the rights to apply its proprietary GBA Video technology to several Disney properties including: Disney's Kim Possible, Disney's Lilo & Stitch, The Series, The Proud Family, Super Robot Monkey Team and Brandy & Mr. Whiskers.

- Majesco sold through more than 1.6 million units of GBA Video titles and have sold in approximately an additional 2 million units to satisfy holiday demand.

- The company granted the exclusive rights to publish interactive entertainment products under the Golden Nugget brand for all current and announced video game systems, as well as wireless, plug-and-play and select online applications.

- Two "high-tech" accessories for the Game Boy Advance were shipped: The Wireless Link allows multiple GBA users to play untethered with and against each other from up to 10 feet away and Wireless Messenger allows GBA users to send instant text messages and email to other GBA users from up to three miles away in open settings.

In 2005, Majesco aims for two points of interest (well, for the GBA / NDS lovers):

- Moonlight Fables and Nanostray, two exclusive titles for the Nintendo DS system: both titles feature touch screen input, multiplayer network play and dual screen support and are scheduled for release next year.

- New GBA video cartridges that contain up to 90 minutes of video and expand Majesco's product line to include full length movies and titles appealing to a broader demographic market.

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Comments

• 

  Full Movies would be great.

  Andrew, 30-11--0001 at 00:00
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  with 90 minutes, we're getting close :)

  Dennis, 30-11--0001 at 00:00
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  We could fit lets say, a Pokemon movie on it! Anyway, noticed that they've made a GBA game that lets you talk for 3 miles! So on your DS you could talk for 3 miles with people too! PictoChat should be 3 miles.

  skarma, 30-11--0001 at 00:00
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  that 3 miles thing was the first thing I thought of at E3. Why could Majesco come up with such a range, and Nintendo with a few feet? :-/

  Dennis, 30-11--0001 at 00:00