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Revenues down for Atari fiscal Q2 ‘08

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Revenues down for Atari fiscal Q2 ‘08

Losses increase in both publishing and distribution arms

Atari’s financial filing for its second financial quarter of 2008 ending September 30th 2007 shows that net loss for the period reached $7.7 million, up from a loss of $68,000 in the same period the year before.

Net revenue for the period was $13.3 million, down from $28.6 million last year. Of this, revenue from publishing hit $11.4 million, down from $23.1 million, whilst distribution revenue was $1.9 million, a drop of $3.6 million.

For the six months ending September 30th net revenue was $23.7 million, down from the $48.1 million revenue filed in the same six month period last year. The net loss in the period was $19.6 million, up from the previous $7.4 million.

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