Majesco Entertainment Co. reported unaudited consolidated earnings results for the fourth quarter and full year ended October 31, 2013. For the quarter, the company reported net revenues of USD 10.077 million compared to USD 26.562 million a year ago. Operating loss was USD 4.462 million compared to USD 2.988 million a year ago. Loss before income taxes was USD 4.580 million compared to USD 2.835 million a year ago. Net loss was USD 4.586 million compared to USD 2.729 million a year ago. Basic and diluted loss per share were USD 0.10 compared to USD 0.07 a year ago. Non GAAP operating loss was USD 4.063 million compared to USD 2.603 million a year ago. Non GAAP net loss was USD 4.187 million or USD 0.09 per share compared to USD 2.690 million or USD 0.07 per share a year ago.

For the year, the company reported net revenues of USD 47.267 million compared to USD 132.287 million a year ago. Operating loss was USD 12.236 million compared to operating income of USD 3.712 million a year ago. Loss before income taxes was USD 12.628 million compared to income before income taxes of USD 4.686 million a year ago. Net loss was USD 12.642 million compared to net income of USD 4.613 million a year ago. Diluted loss per share were USD 0.30 compared to diluted income per share of USD 0.11 a year ago. Net cash used in operating activities was USD 4.587 million compared to net cash provided by operating activities of USD 6.092 million a year ago. Purchases of property and equipment were USD 0.274 million compared to USD 0.338 million a year ago. Non GAAP operating loss was USD 10.044 million compared to non GAAP operating income of USD 5.398 million a year ago. Non GAAP net loss was USD 10.467 million or USD 0.25 per share compared to non GAAP net income of USD 4.367 million or USD 0.10 per share a year ago.