Majesco Entertainment (COOL) Posts Q3 Loss of 58c/Share; Retains Advisor to Explore Options

Majesco Entertainment (NASDAQ: COOL) reported Q3 EPS of ($0.58), $0.16 worse than the analyst estimate of ($0.42). Revenue for the quarter came in at $2.9 million versus the consensus estimate of $6.1 million.

The Board of Directors has retained Bond Lane Partners, LLC to act as its financial advisor to assist in evaluating strategic alternatives to maximize Company value. Strategic alternatives the Company may pursue may include, but are not limited to, a merger, joint venture, strategic investment, asset divestitures, or similar transactions, as well as continuing to operate the business in the ordinary course.

There can be no assurance that the exploration of such strategic alternatives will result in any transaction. The Company does not currently intend to disclose further development with respect to this process unless and until the Board approves a specific transaction or otherwise concludes its review of strategic alternatives.

For earnings history and earnings-related data on Majesco Entertainment (COOL) click here.

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