THQ Wireless sees Q3 FY11 sales drop 25 percent to $1.7 million
Only good news is slide is decreasing
This compares to sales $2.3 million in Q3 2009, a decline of 25 percent.
Nine months mobile games sales were $4.7 million, down 48 percent compared to the same period in FY10.
THQ also saw handheld sales down heavily. Sales of DS games during Q3 were $49 million, down 35 percent. PSP games sales were $13 million, down 47 percent.
Overall, the company had Q3 sales of $315 million, down 12 percent year-on-year.
It made a net loss of $14.9 million, compared to a profit of $542,000 12 months ago.
The company ended the period with cash, cash equivalents, short-term investments and accounts receivable of $206 million.