Atari reveals $67m loss

The firm revealed a net loss of $67.1m and net revenues of $218.7m for the past fiscal year, with revenues almost slashed in half from the previous year’s figure of $407.8m.

But it’s not all bad for the French publisher. The company ended the quarter with $15m in cash and $1m of debt – an improvement upon the $3m cash and $4m debt reported in December.  The improvement has been largely attributed to staff cuts and the sale of titles like Timeshift and Stuntman 2 to rival publishers, with more job losses and sell offs still a possibility.

Atari also revealed a new commitment to digital downloads will begin in the summer, and a new  CFO is to be appointed within the next few weeks. The publisher also insisted that it would continue to develop big-budget next gen titles.

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