Atari - Posts Losses of 23 Million USD
Gamesindustry.biz has a short notice up on this quarter's financial report from the longtime financially challenged game publisher Atari. Earlier in the year, major partner Infogrames acquired the US branch in an effort to control losses and apparently has been at least partially successful. Here's the latest Q 4 and year end financials results:
Atari Inc has reported its financial results for the fourth quarter and the year ended March 31, 2008, showing an improvement over the same period during the prior year.
The company reported Q4 net revenue of USD 15.3 million - down from USD 26.9 million in the comparable year-earlier period - with a net loss of USD 3.7 million or USD 0.27 per share.
A year earlier, the company reported a net loss of USD 61.7 million, or USD 4.58 per share.
For the fiscal year, Atari reported net revenue of USD 80.1 million and a net loss of USD 23.6 million, or USD 1.75 per share - compared to last fiscal year's net revenue of USD 122.3 million and net loss of USD 69.7 million, or USD 5.17 per share.
Without restructuring charges, the net loss for the year ended March 31, 2008 would have only been USD 17.1 million or USD 1.27 per share.