Console and video gaming giant Nintendo continues to struggle, posting another quarterly loss due to sluggish game sales. It was hoped that Mario Kart 8 might help the Kyoto-based company, but even steady sales have failed to reverse a four year slump. Still, the company remains hopeful that upcoming titles, including Super Smash Bros. and two Pokemon games, set for release this fall, will generate “robust profits.”

Nintendo’s first fiscal quarter earnings report revealed a $96.7 million loss. This was a devastating dive compared to last year’s profit of $8.37 million in the same quarter. In May, Nintendo turned on its own console, blaming its financial failings on the Wii U, which amassed global hardware and software sales of only 2.72 million and 18.86 million units, respectively, during the previous fiscal year.

Meanwhile, declining sales of the Nintendo 3DS did little to boost overall sales. The platform only accounted for 820,000 units sold. This figure is down from the 1.4 million sold a year ago. The recent launches of 3DS games like Kirby: Triple Deluxe and Tomodachi Life may have given the handheld console a slight boost, but not enough to push Nintendo out of the red.

Mario Kart 8 has done just that for the Wii U. The new game has contributed sales momentum to the otherwise flat console sales. Following its May release, the racing game has sold 2.82 million copies. Nintendo believes the market will take a turn for the better over the next year, based on its most recent earnings report.

The gaming giant is down but not out. And Nintendo may yet have a surprise or two in store for the market. Rumors abound about console cross-compatibility for future releases. This will mean new games that will run on both the Wii U and the DS, reducing costs.