NEWS - Thursday, July 29, 2004


Atari’s 2005 First Quarter Results

July 29, 2004 Atari, Inc. (Nasdaq: ATAR), a leader in interactive entertainment, today announced financial results for the fiscal 2005 first quarter ended June 30, 2004. Net revenue for the first quarter ended June 30, 2004, was $110.3 million compared to $151.4 million in the comparable year-earlier period. Publishing net revenue was $99.7 million compared to $135.6 million in the prior June quarter, while distribution revenue was $10.6 million compared to $15.8 million in the comparable year-earlier quarter. Revenue for the period was driven by the highly anticipated release of DRIV3R (PS2 and Xbox), which sold-through approximately 50% of the units shipped to retail outlets worldwide in its first month on shelves and ranked as the #2 PS2 title and #5 Xbox title in the U.S. in June, while topping the charts in Australia, France, Germany, Italy, Spain, Sweden and the U.K. Additionally, sales were supported by Transformers (PS2), Shadow Ops: Red Mercury (Xbox), Duel Masters: Sempai Legends (GBA) and DBZ: Super Sonic Warriors (GBA), among others. The year-over-year change in net revenue was directly attributable to the earlier shipment date of last year's smash-hit Enter The Matrix on four consoles (PS2, Xbox, GameCube, GBA and PC) compared to the later shipment of DRIV3R on two consoles, and the Company's long-term strategy to reduce its lower margin third-party distribution arrangements. Net income for the quarter was $12.1 million, or $0.10 per share, compared to net income of $23.8 million, or $0.34 per share, in the year-earlier period. "The fiscal 2005 first quarter was highlighted by the strong global launch of DRIV3R, which has been embraced enthusiastically by consumers worldwide," stated Bruno Bonnell, Chairman and CEO of Atari. "DRIV3R's performance in just nine days of the quarter, combined with that of Transformers and Shadow Ops: Red Mercury, among others, enabled us to surpass our own expectations for profitability, there by creating greater shareholder value. We are pleased to have delivered on our previously stated goals for the quarter and will continue to strive toward meeting the high expectations of our customers and shareholders." Atari's product lineup for the remainder of fiscal 2005 is expected to include the following key releases, among many others: -- For the second quarter ending September 30, 2004: Backyard Skater (PC), Deer Hunter 2005 (PC), Forgotten Realms: Demon Stone (PS2), Shadow Ops: Red Mercury (PC), Asterix & Obelix (PS2), Terminator 3: The Redemption (PS2, Xbox, and GameCube), Test Drive: Eve of Destruction (PS2 and Xbox), Unreal Tournament Editor's Choice (PC), YuYu Hakusho: Dark Tournament (PS2), Zoids: Legacy (GBA), and Zoids: Battle Legends (GameCube). -- For the third quarter ending December 31, 2004: Axis & Allies (PC), Backyard Basketball (GBA), Dragon Ball Z: Budokai 3 (PS2), Dragon Ball Z: Buu's Fury (GBA), Duel Masters Cobalt (PS2), Duel Masters 2: Kaijudo Showdown (GBA), Forgotten Realms: Demon Stone (Xbox and PC), Godzilla: Save The Earth (PS2 and Xbox), RollerCoaster Tycoon 3 (PC), Sid Meier's Pirates! (PC), and YuYu Hakusho: Tournament Tactics. -- For the fourth quarter ending March 31, 2005: Revenue will be driven by releases from both the lucrative Dragon Ball Z and Dungeons & Dragons franchises. Mr. Bonnell continued, "The remainder of our fiscal 2005 release slate is characterized as a balanced mix of established franchises and new IP, with many titles for the growing mass consumer audience. This audience is the key to increasing market share and will be a defining factor for Atari's growth and overall success." For the 2005 fiscal second quarter ending September 30, 2004, Atari anticipates a 25% increase in net revenue to approximately $75 million compared to $60.6 million in the comparable year-earlier period. The Company expects to report net loss of approximately $19 million, or $0.16 per share. For the fiscal year ending March 31, 2005, Atari reiterates full-year net revenue of approximately $470 million and net income and earnings per share in the range of $25 million to $30 million, or $0.20 to $0.25 per share.
Source: http://www.atari.com

Comments

Site Statistics

Registered Members: 44,773
Forum Posts: 725,821
Xbox One Titles: 1,409
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 585
Original Xbox Titles: 987
Staff Reviews: 1,747
Member Reviews: 10,339
News Articles: 14,671
Screenshots: 31,695
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Xbox Playdates Canada August, 2018 Playdate info thread.
Post by Kiesey
2 Replies, 124 Views

Xbox Game Pass
Post by oryanphine
2 Replies, 293 Views

Xbox Playdates Canada July, 2018 playdate info.
Post by Kiesey
3 Replies, 410 Views

Manette Xbox One Xfest18
Post by oryanphine
2 Replies, 657 Views

Xbox One X Mountain Dew
Post by oryanphine
0 Replies, 516 Views

Xbox Playdates Canada June 2018 schedule
Post by Kiesey
1 Replies, 669 Views

Xbox One X Black Panther
Post by oryanphine
3 Replies, 1009 Views

Xbox Playdates Canada May 2018 schedule
Post by Kiesey
4 Replies, 966 Views

Is anything happening in XBox One land?
Post by DJ tx
7 Replies, 1306 Views

Xbox One S Jojeux Anniversaire
Post by oryanphine
1 Replies, 859 Views

Xbox One X Steelbook
Post by oryanphine
1 Replies, 954 Views

Xbox Playdates Canada April 2018 Schedule
Post by Kiesey
4 Replies, 1223 Views

Xbox One X World of tanks
Post by oryanphine
2 Replies, 1314 Views

Xbox Playdates Canada - March 2018 Schedule
Post by Kiesey
7 Replies, 1601 Views

Any info on Biomutant release?
Post by DJ tx
4 Replies, 1358 Views

© 2000-2018 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics