NEWS - Wednesday, November 7, 2007


Atari Posts $11.9 Million Q1 Loss

Net loss for the quarter ended June 30, 2007 was $11.9 million, or $0.89 per share, compared to net loss of $7.3 million, or $0.54 per share in the corresponding period a year earlier. Net revenue was down from $19.5 million during the same period last year to $10.4 million. Atari had previously failed to file its quarterly report for the period in question. The filing of Atari’s annual report was also delayed. In September, Atari posted net loss of $69.7 million for the year ended March 31, 2007. In July Nasdaq notified Atari that its stock was subject to delisting, but granted the company an extension to November 5 to file its delayed 10-Q form. Atari then applied for an additional day, “and is awaiting their [Nasdaq’s] final determination,” having not filed its quarterly report until November 6. Atari announced it would not be holding a conference call for the first quarter, but footnotes contained in its quarterly report gave some further insight into the publisher’s current plight. In a bid to improve its financial situation, Atari said it may have to reduce its workforce and suspend certain development projects. “We continue to explore various alternatives to improve our financial position and secure other sources of financing which could include raising equity, forming both operational and financial strategic partnerships, entering into new arrangements to license intellectual property, and selling, licensing or sub-licensing selected owned intellectual property and licensed rights. “We continue to examine the reduction of working capital requirements to further conserve cash and may need to take additional actions in the near-term, which may include additional personnel reductions and suspension of certain development projects during fiscal 2008”
Source: http://www.next-gen.biz

Site Statistics

Registered Members: 74,700
Forum Posts: 725,954
Xbox One Titles: 4,862
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,406
Member Reviews: 10,339
News Articles: 16,463
Screenshots: 37,347
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, 13381 Views

2021: XBA is still here
Post by shrew king
27 Replies, 99233 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 94409 Views

Xbox Series X or S
Post by Nato King
5 Replies, 109529 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 105269 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 119729 Views

Xbox one no signal
Post by debrartin
0 Replies, 117996 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 145547 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 111277 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 186547 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 117994 Views

Squad Up
Post by samslophead
0 Replies, 207043 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 148468 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 259283 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 145087 Views

© 2000-2023 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