Midway reports $11 million sales, $19 million loss

So it would seem the release of Mortal Kombat II on the PS Store actually contributed to helping out Midway's Q1 numbers. We'll be reviewing that title this weekend and here's a teaser -- we aren't pleased. Sales for Midway this first quarter were a reported $11.1 million, down from the previous quarter's $15.4 million. Their net loss is teetering on $19.8 million, which is better than last year and better than anticipated. Most of Midway's killer titles are due out later this year.

CEO David Zucker was pleased, saying the company's performance "exceeded our expectations during the first quarter primarily due to the continuing sales of our holiday 2006 releases and other catalog titles." Heck, those random-number-generating analysts snidely remarked that Midway would only see $8 million in sales by the end of the first quarter.

Still, Midway isn't making that many games -- they're creating a few new titles on the PSP and DS, but the Wii will be getting a remake of MK: Armageddon, the 360 will snag Hour of Victory, and continued sales of Lord of the Rings Online will probably bear the brunt of sales for the rest of the year. We'd like to see more from these guys on the PS3 -- maybe a new IP. We'll keep you posted if anyone gets talked up, but for now, we'll just continue to shrug at these numbers.