Losses lessen after tough Q3 at Atari

Friday, 9th February 2007 at 9:15 am

Its revenues may have taken a heavy dive in the quarter ending December 31st 2006, but Atari has succeeded in reducing its net losses compared to the same period last year.

Net loss totalled $700,000, a big improvement on the $4.8 million the publisher lost in the same three-month period last year. Revenue, however, fell to $47.3 million compared to $100 million in 2005.

Nine-month revenue for the period ending December 31st came in at $95.3 million, down from $162.2 million a year earlier. Atari’s nine-month net loss was vastly improved, however, down from $62.8 million to $7.5 million.

Atari’s CEO David Pierce said in a statement: “Atari continues to focus on improving product quality and is committed to growing shareholder value. Specifically, Never Winter Nights 2, Dragon Ball Z: Budokai Tenkaichi 2 and Test Drive Unlimited achieved our targets of quality and market place acceptance on a global basis.”

http://www.mcvuk.com/news/25649/Losses-lessen-after-tough-Q3-at-Atari