THQ revealed today their earnings report for the first quarter of fiscal year 2012 and quite shockingly, Red Faction: Armageddon didn’t match the company’s expectations. THQ recorded an additional $8 million loss compared to last year’s – $38.4 million compared to last year’s $30.4 million – and the company is really disappointed in their first quarter financial performance.
Brian Farrell, CEO of THQ said:
“Sales of Red Faction: Armageddon and our licensed kids titles were below our expectations, and the late release of UFC Personal Trainer also adversely impacted the quarter.
Despite a light first half, we are looking forward to a strong and profitable second half, including what we expect to be the biggest third quarter, both in revenue and earnings per share, in our company’s history, with proven franchises Saints Row, WWE and the uDraw GameTablet, all launching in November.”
We should point out that the PC version of Red Faction: Armageddon was a simple port that couldn’t even take advantage of SLI/Crossfire systems. Ironically, Guerilla wasn’t plagued by such issue and scaled well with SLI/Crossfire GPU’s. Volition hasn’t released any patch to resolve this incompatibility as of yet.