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.