Majesco remains on Nasdaq

Game company regains confidence of stock exchange; Psychonauts publisher meets requirements, won't be delisted.

During 2005, Majesco was left for dead on Wall Street, taking a drubbing that saw its stock fall to under a buck at one point. Times were hard for the company, and Nasdaq even notified it that it was in jeopardy of becoming delisted.

Those fears came to rest today, as Majesco announced that it has regained compliance with the market and will not be taken off the nation's second-biggest stock exchange. Had it, it would've joined such other fallen publishers as Interplay as an OTC--or over-the-counter stock.

Following disappointing fiscal quarters, a subsequent fire sale of Majesco's licenses to other game companies and a new concentration on budget-priced games has seen the company prop itself back up momentarily. The company reported a profit of $839,000 for its second quarter, which ended April 30.

Majesco's stock was down two cents to $1.50 a share at the end of trading today.

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Discussion

31 comments
chrisdojo
chrisdojo

$1.50 for a share? guess that's better than some of those upstart companies that start out less than a quarter.

amin915
amin915

they need to come back i want my advent rising trilogy to be complete i dont care about the glitches i loved that game.

DBone420
DBone420

If anyone played Phantom Dust, they should know Majesco needs to stay around. The make some very creative games!

priest17
priest17

"If i dont care about Majesco no one does" lol I hope they dont fall and I also hope they publish another Double Fine game

Vellyvel
Vellyvel

I own their stock so this is very good news to me.

WithTheDawn
WithTheDawn

I still can't believe this happened on the back of such a great game like Psychonauts...

rbarahona
rbarahona

It seems that the changes made by Majesco will ensure that it will continue be listed in Nasdaq. It was a shame that some of their games performed below expectations. I'm sure that they will be succesful with their new approach.

DarkGhost89
DarkGhost89

SocaWarrior, they did have good ideas, look at Psychonauts. Critically acclaimed, but didn't sell at all. Hold on Majesco, things will get better somehow.

gnbfd
gnbfd

If Majesco can do it, Atari can too.

SocaWarrior
SocaWarrior

That sucks. I hope my company doesn't have that happen. They need to come up wit some good ideas. I never even heard of these people.

AlexJ-
AlexJ-

This is great news. Majesco should hang in there.

Fallout_red
Fallout_red

Great that Majesco stays, I'd love another Bloodrayne.

NeoJedi
NeoJedi

I really loved Psychonauts... too bad the license was dropped and hopes for a sequel have been all but destroyed.

Maui00
Maui00

you can do it Majesco!

A7Xfan
A7Xfan

Pyschonauts was so cool! Thats too bad I guess I mean they have to find a killer game franchise if they're going to get back in business. With that low of a budget it may not happen...

comthitnuong
comthitnuong

i didnt see why everyone liked psyconuts

Chubbums
Chubbums

Advent anything will never see the light of day. What a bummer.

John_of_Fire
John_of_Fire

Hopefully they can stick it out. I like most of their titles. More Publishers= More games.

runstalker
runstalker

The revived Majesco will run a much different model.

Bruin4ev3r1520
Bruin4ev3r1520

It wouldnt really affect me in any way but i still hope they dont fall.

Legir
Legir

I'd miss them. They publish some titles low on the radar but some nice ones.

abe2cool4u
abe2cool4u

Meh no ones gonna miss them if they go bankrupt

cloudstrife75
cloudstrife75

Well... at least they havent fallen off the Nasdaq...yet...