Analyst: Cooking Mama spices up Majesco's forecast

Wedbush Morgan analyst Michael Pachter said that publisher Majesco is "close to returning to profitability" and predicts the Cooking Mama series has earned sales of $15 million this quarter. That figure, according to Gamasutra, is above the $13 million consensus estimate for quarterly sales.

"We are increasingly positive on shares now that the company has been able to stabilize revenues in the $12 – 13 million quarterly range," he said, "and believe that Majesco can break even at $65 million in annual revenues."

Majesco had at one point hit the proverbial rock bottom, spurred by dismal sales of Advent Rising and Joystiq favorite Psychonauts. The publisher is moving into the black through its sales of budget titles (six DS, one Wii and one Xbox 360 titles are coming this quarter), and we fully expect them to keep with what works. Folks who were hoping for a high-budget Cooking Mama Xtreme Beach Cookoff will probably have to wait for at least a few years of profitability.