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THQ posts H1 FY12 mobile revenue of $1.47 million, down 51%

Releasing Apples to Apples and Margaritaville Online in Q3
THQ posts H1 FY12 mobile revenue of $1.47 million, down 51%
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Given it sold off the majority of its wireless operations to Swedish outfit 24MAS in February, I had all but forgotten THQ (NASDAQ: THQI) was still in the mobile games business.

The company's Q2 FY12, for the three period ending 30 September, demonstrates that it's still bumping along, though, thanks to iOS sales.

THQ posted mobile revenue of $730,000, down 51 percent compared to $1.5 million a year ago.

In terms of six months sales, the total was $1.47 million, also down 51 percent compared to $3.01 million 12 months ago.

Still in the game

Yet, the company is still releasing new social mobile games with Mattel family game Apples to Apples due in December for iOS and Android, as well as Facebook, XBLA and PlayStation Network. It's also releasing social lifestyle game Margaritaville Online for Facebook and iPad in Q3.

And, of course, THQ continues to support console handheld platforms.

DS game sales were up 2.5 percent in Q2 to $17.7 million, although PSP sales collapsed 71 percent to $2 million.

Combined, mobile and handheld made up 17 percent of total sales.

Overall, THQ posted sales of $146 million, up 89 percent year-on-year, although the company made a net loss of $92 million.

It ended the period with cash and cash equivalents of just $51 million.

[source: THQ IR (PDF)]