If only temporarly.  Smaller loss that forcasted (Udraw still having its effect).  The company is still having multiple issues regarding licensing and Wii focus titles, but the more they move away from those, the better their prospects would be.  Increasing their cash position by 3x (which at last I heard was only ~35 million) is probably the best outcome as their burn rate was becoming an issue.

http://www.marketwatch.com/story/thq-raises-q4-estimate-on-saints-row-sales-2012-04-18

Gaming-software maker THQ Inc. THQI +38.79% raised its fiscal fourth-quarter guidance citing strong sales of "Saints Row: The Third" and "UFC Undisputed 3."

THQ said it has shipped more than four million units of Saints Row: The Third and the popularity of the game has contributed to higher-than-expected digital sales. UFC Undisputed 3, which was released in February, has also achieved slightly higher-than-expected sales, the company said.

The company narrowed its projected loss to between 10 cents and 20 cents a share on sales of $160 million to $170 million. Its February projection was a per-share loss of 35 cents to 50 cents on sales between $130 million and $150 million, below analysts estimates at the time.

THQ saw its fiscal third-quarter loss widen as customers ignored its uDraw Game Tablet during the holidays, prompting the game developer to discontinue the tablet and launch a restructuring plan that includes ending its children's game efforts.

Shares closed Tuesday at 45 cents and were inactive premarket. The stock has fallen 33% over the past three months

The losses came mainly from Udraw for HD consoles, they produced over one million of them and never sold tha much. Udraw on Wii was a sucess actually, even if it lasted just some months.

The Udraw on Wii was only midly successfuly for one quarter from October to December 2010.  I say midly because THQ still had a big loss in that quarter.  The Wii version was not able to duplicate the mild success it had the following holiday season (i mean it was still on sale) that along with the failed HD launched resulted in their dismissal of the entire product line, and their abysmal quarter.

On the conference call in February, the CEO mentioned that shipped over 1 million Udraw tablets during the quarter.   The CFO mentioned that 1.2million were HD versions that were still in inventory and resulted in the HD version coming 100 million *ligter* in revenue that they expected, not they had a 100 million dollar loss.

The million that did ship, there is no breakdown. I am assuming that if the HD versions came in 100 million dollars lighter, it was a combination of Wii and HD tablets that were shipped to retailers and since THQ was not going to take any of them back, they dropped the price drastically, for all systems.