THQ Reports Fiscal 2012 Fourth Quarter and Year End Results

THQ today reported financial results for the fourth quarter and fiscal year ended March 31, 2012. According to the report, the company’s Non-GAAP net sales were $170.7 million, at the high end of revised guidance of $160 – $170 million and the Non-GAAP earnings (loss) per share was ($0.12), consistent with revised guidance of ($0.10) –($0.20) for Q4.
THQ ended the quarter with $76.0 million in cash and equivalents. The company had no outstanding borrowings on its $50.0 million credit facility, and did not borrow against the facility during the quarter.
THQ President and CEO Brian Farrell said:
“We exceeded our initial fourth quarter guidance for net sales, earnings and cash position, driven by high quality core games with a significant digital component, which is the blueprint for our future. We have made significant changes to our business, and are on track to execute our strategy of delivering quality connected core gaming experiences, beginning with the sequel to the award-winning Darksiders in August.”
THQ has shipped 11 million units for the Saints Row series, globally,  making it their most successful owned-IP franchise. To date THQ has shipped more than 4.25 million units of Saints Row: The Third. In order to celebrate it, THQ announced a standalone franchise extension,  Saints Row: The Third– Enter The Dominatrix. Scheduled for release in September 2012, the new story builds upon Saints Row’s signature over-the-top action by dropping the leader of the Saints in a diabolical virtual reality, and includes the most-requested gameplay features from the Saints Row community.
THQ’s digital revenues for the fourth quarter of 2012 were $18 million, 44 percent higher than the year-ago quarter. Digital revenues for the four quarters of the 2012 fiscal year were $59 million, 62 percent higher than the 2011 fiscal year.
Furthermore, THQ has revealed a list with the release dates of their core-titles that are scheduled through fiscal 2013. According to the list, Darksiders II will hit stores in August, while Enter The Dominatrix is slated for a September 2012 release.
What’s really interesting here is that the next WWE game will hit PC. These past years, the WWE series has been exclusive to consoles and we can’t even remember the last time we got a WWE game. Well… excluding the arcade title WWE WrestleFest that was a nice surprise on Steam. According to THQ’s report, the next WWE game will hit consoles and PC simultaneously and is planned for a Q3 FY2013 release.
Last but not least, Metro: Last Light, Company of Heroes 2, and Southpark: The Game are scheduled for a Q4 FY2013 release.

 

John Papadopoulos

John is the founder and Editor in Chief at DSOGaming. He is a PC gaming fan and highly supports the modding and indie communities.Before creating DSOGaming, John worked on numerous gaming websites. While he is a die-hard PC gamer, his gaming roots can be found on consoles. John loved - and still does - the 16-bit consoles, and considers SNES to be one of the best consoles. Still, the PC platform won him over consoles. That was mainly due to 3DFX and its iconic dedicated 3D accelerator graphics card, Voodoo 2. John has also written a higher degree thesis on the "The Evolution of PC graphics cards." Contact: Email