GamingOutlawZ - Story: Funcom Posts Loss, 1 Million Sign Up for Age of Conan Beta

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Funcom Posts Loss, 1 Million Sign Up for Age of Conan Beta
Posted by Sam, 245 days ago May 14, 2008 07:16

	Age of Conan - Hyborian Adventures
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Today, Funcom announced the company’s results for the quarter ending March 31, 2008. The company’s sales we’re up slightly year-on-year to $1.80 million from $1.64 million last year. Funcom posted a loss, however, of $3.13 million, which is greater than the $1.21 million loss during the same time last year.

At the same time, Funcom announced that it has a cash balance of $46.99 million and low interest bearing debt. They believe this places them in a good position for the launch of Age of Conan: Hyborian Adventures. Right now, 1 million people have signed up for the anticipated MMO’s Beta.

"Funcom has not been able to find any higher beta numbers for MMOs in the western world," said Morten Larssen, VP of Funcom Sales and Marketing. "We believe it represents the largest ever beta sign-up figure in the history of the genre."

"How all of our strong figures convert into later sales and subscription figures is still unknown," continued Larssen. "But our pre-order numbers in some important retail chains track as among the highest for any MMO launched."