THQ Has $431 Million Annual Loss

| | Comments (0)
THQTHQ reported its financial results for its fiscal fourth quarter and full year ended March 31, 2009:
For the quarter, THQ reported a net loss of $96.874 million compared to a net loss of $34.531 million in the same quarter the previous year. For the year, THQ reported a net loss of $431.112 million, compared to a net loss of $35.337 million in the prior year.

During the fiscal fourth quarter, THQ recorded a $44.7 million charge relating to "business realignment" (primarily terminating leases, employees and similar items).

THQ also confirmed that it has signed a commitment letter for a $35 million senior secured credit facility with Bank of America. The credit facility is expected to be used for working capital and is secured by THQ's assets.

Leave a comment

About this Entry

This page contains a single entry by Editor published on May 6, 2009 2:18 PM.

Garriott Sues NCsoft for $27 Million Over Involuntary Departure was the previous entry.

Duke Nukem Finally Dead... Forever is the next entry.

Find recent content on the main index or look in the archives to find all content.


Add to Technorati Favorites