Santa Monica-based Conspiracy Software reported a jump in revenues and net operating income for the second quarter ended June 30, thanks in part to an overweight cartoon cat.
On Friday, the budget-game company reported quarterly revenues of $1.5 million, up 85 percent year-on-year from $819,000.
Conspiracy cited strong sales of Garfield World Lasagna Tour as the primary growth driver during the quarter.
"Substantial reorders" for Winter Sports for Wii also helped sales, the firm said.
Net operating income was $139,000 up from $87,000. Net income shot up to $3 million from a loss of $418,000 a year ago.
The company attributed the sharp increase in quarterly profitability to "the valuation of a derivative liability in the amount of $2,846,864 in the second quarter of 2008."
However, six-month net losses hit $4.5 million compared to a net income of $106,000 for the same period a year ago. First-half revenues were $4.8 million, up 480 percent, while net operating income for the period was $247,000, up from an $85,000 loss a year prior.
Conspiracy CFO Keith Tanaka said, "Despite having to report a substantial loss in the valuation of derivative liability for the first six months of 2008, we achieved positive net income from operations compared to a net loss one year ago. Any weakening in the U.S. economy is being offset by our ability to source titles from leading European developers. Our relationships overseas enable us to bring popular."
Garfield comics are funnier without Garfield. Fact.