Just a few months back, the future of was far from certain, but Red Faction: is selling well, and 2009 was also a hit; analyst Mike Hickey predicting better things from the game maker this year.

"We are increasingly more optimistic on near term financial prospects as our focus shifts from near term liquidity concerns to their upcoming game pipeline where buzz is beginning to build," the Janco Partners exec offered, according to Gamasutra.

"Management continues to rebuild credibility through execution on planned cost cutting, increased financial transparency and recent / upcoming product releases including UFC 2009: Undisputed that meaningfully exceeded our initial expectations."

He says that with first-quarter revenues crawling towards 219 million USD the firm is edging back into the black - a far cry from the prediction of doom once meted out.

By Luke Guttridge