THQ Posts $38.4M Net Loss, Red Faction Series May Be In Jeopardy
by July 27, 2011 @ 4:18 pm
Publisher THQ has posted a $38.4M net loss compared to $195.2 million in net sales for Q1 of fiscal 2012. THQ CEO Brian Farrell told investors that the company was disappointed in its Q1 performance, pointing to the ‘niche’ sales of Red Faction Armageddon and late release of UFC Personal Trainer.
While THQ forecasts a strong Q2 and Q3 with titles like Saints Row: The Third on the horizon, the future of Red Faction may be in jeopardy.
“We do not intend to carry forward with that franchise in any meaningful way,” said Farrell, on the performance of Red Faction Armageddon.
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