THQ today provided preliminary, unaudited financial results for the fourth quarter ending 31st March, 2012.
The company expects to report non-GAAP net sales of $160 million to $170 million, which is above its previous outlook of non-GAAP net sales in the range of $130 million to $150 million.
Revised net sales expectations reflect continued strong sales of Saints Row: The Third, which has shipped more than four million units to date. It has also performed better than expected in the digital sales realm.
The company currently expects a fiscal fourth quarter non-GAAP net loss per share in the range of $0.10 to $0.20, compared to its previous expectation of a net loss per share in the range of $0.35 to $0.50.
THQ expects to report cash and cash equivalents of approximately $76 million at 31st March, 2012, three times higher than the previous expectation for its year-end cash balance.
Additionally, the company ended the quarter with no outstanding borrowings on its $50 million credit facility. THQ expects to utilize a substantial portion of its cash and cash equivalents as well as its credit facility as it launches its slate for the 2013 fiscal year, beginning with Darksiders II.
