Ragnarok developer still losing money

Korean developer Gravity, behind Ragnarok Online, Odyssey and Ragnarok Odyssey Ace has been losing millions of Korean won a quarter for some time now. Not sure how long it can keep this up, but it does have a parent company to absorb the loses, we have to hope that Ace can turn things around. Read the grim detail in its report here.

The company says of its Vita output, The decrease QoQ was mostly due to decreased revenues from Ragnarok Odyssey, a PS Vita game. Suggesting that interest is dying out on the older game. While it says of Ace...

Ragnarok Odyssey Ace, a PS Vita game based on the universe of Ragnarok Online and expansion pack of Ragnarok Odyssey, is slated to be launched in Korea, Japan, Taiwan, Hong Kong, Singapore, Malaysia, Thailand and Indonesia on August 29, 2013. The game will be rolled out in North America and Europe in the first quarter of 2014.