Majesco Entertainment Co. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended October 31, 2014
For the year, the company reported net revenues of $34,368,000 against $47,267,000 a year ago. Operating loss was $13,333,000 against $12,236,000 a year ago. Loss before income taxes was $16,187,000 against $12,628,000 a year ago. Net loss was $16,197,000 against $12,642,000 a year ago. Net loss per diluted share was $2.52 against $2.13 a year ago. Net cash used in operating activities was $3,509,000 against $4,587,000 a year ago. Purchases of property and equipment were $347,000 against $274,000 a year ago. Non-GAAP operating loss was $11,893,000 against $10,044,000 a year ago. Non-GAAP net loss was $16,044,000 against $10,467,000 a year ago. Non-GAAP net loss per diluted share was $2.50 against $1.76 a year ago.