JoWood is Deep in the Red

CompaniesRetail & Consumer ♦ Published: December 17, 2010; 03:01 ♦ (Vindobona)

The Vienna game developer has to accept a loss of over € 25m in the first three quarters. Sales have fallen sharply.

JoWood is Deep in the Red / Picture: © JoWooD

Gross sales revenue over the first nine months of fiscal 2010 amounted to € 8.16m (previous year: € 18.627m) and € 3.66m (previous year: € 6.404m) for the third quarter of 2010.

In the third quarter the company focused, mainly on the for October 12, 2010 scheduled release of this year's top title "ArcaniA - Gothic 4 " and restricted the  resources owing to capacity for…