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.

Site Statistics

Registered Members: 79,925
Forum Posts: 725,965
Xbox One Titles: 6,252
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,567
Member Reviews: 10,339
News Articles: 16,543
Screenshots: 39,012
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News

See News Archives

Community Forum Activity

KeyWe Giveaway!
Post by Variation-XBA
0 Replies, 24663 Views

2021: XBA is still here
Post by shrew king
38 Replies, 201505 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 123208 Views

Xbox Series X or S
Post by Nato King
5 Replies, 140553 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 130396 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 152152 Views

Xbox one no signal
Post by debrartin
0 Replies, 142029 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 211398 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 165649 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 261515 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 148152 Views

Squad Up
Post by samslophead
0 Replies, 251356 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 177956 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 307292 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 166169 Views

© 2000-2024 - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics