$11.9m loss for Atari in Q1

Atari has finally filed its report for its first quarter, which shows the company suffered a net loss of $11.9 million in the period.

Losses grew by $4.6 million from the same period a year earlier, whilst net revenue for the quarter, which encompassed the three months to June 30th, was $10.4 million – down from the $19.5 million posted in Q1 2006.

Atari parent Infogrames has previously failed to file the first quarter report on time, but Nasdaq allowed the company to delay until November 5th.

Atari later applied for an additional day, and is still waiting on Nasdaq's approval.

The filing of Atari’s annual report was also delayed in September. The firm posted a net loss of $69.7 million for the year ended March 31st, 2007.

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Tags: atari , q1 , financial , infogrames

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