Net loss for the quarter was Majesco Slims Q2 Fiscal 2008 Losses.3 million, compared to a second quarter 2007 net loss of mmoabc.3 million.

Second quarter net revenue totaled mmoabc2.8 million, compared to mmoabc4.6 million during Q2 in 2007. “The decrease is due primarily to the release of our first two Wii games, Cooking Mama: Cook Off and Bust-a-Move Bash!, in the second quarter last year,” the company said in a statement.

For the six months ended April 30, 2008, sales totaled $31.4 million, compared to $29.1 million in 2007. Net income for the period was $2.1 million, versus an operating loss of mmoabc.1 million during the same period in 2007. Operating income for the first six months of 2008 was mmoabc.8 million versus mmoabc.2 million last year.

Majesco launched six new titles in the second quarter and has released ten games this year to date. Two titles shipped for Nintendo"s Wii, seven for Nintendo"s DS and one for Sony’s PSP.

"We continue to execute on our mass market, family-friendly strategy and build on our presence in one of the industry"s fastest growing genres,” said Majesco CEO Jesse Sutton. “Our second quarter results are in line with our expectations and reflect the impact of our release schedule and seasonality of our business.

“For the first six months of 2008, our combined DS and Wii business, which is at the core of our mass market strategy, is up roughly 50 percent versus last year. We remain on pace to achieve modest gross margin gains in 2008 and continue to believe that we can achieve cash break even or better at an operating level with full fiscal year net revenue between $53 and $58 million.”

The company"s guidance assumes the release of around 25 titles in 2008 - approximately 14 DS games, nine Wii titles and two others.

"We are prudently expanding our portfolio of titles and our studio is on schedule in developing its first titles,” added Sutton. “With our targeted strategy, improved operating execution and commitment to cost controls we are well positioned to continue improving our financial performance."