Atari: Losses trimmed…same goes with revenues
Atari recently released its fiscal 2007 third quarter (which ended last December 31) results and they reported that net losses for the quarter have been sliced to US$ 700,000 from US$ 4.8 million for the same period a year earlier.
The losses were trimmed thanks to the company’s decision to sell several of its franchises so they could focus their time and sweat on a few properties.
Revenues for the third quarter plummeted from a whopping US$ 100 million in 2005 to US$ 47.3 million in 2006. The company mentioned that Test Drive Unlimited (Xbox 360, PSP, PC) performed well during the said fiscal year. According to Atari CEO, David Pierce:
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.
Profit for the nine months to December 31 had hit US$ 95.3 million compared to a 162.2 million output a year earlier. On the bright side, their net loss for the fiscal year was down to US$ 7.5 million compared to $ 62.8 million.
Via IGN
Atari recently released its fiscal 2007 third quarter (which ended last December 31) results and they reported that net losses for the quarter have been sliced to US$ 700,000 from US$ 4.8 million for the same period a year earlier.
The losses were trimmed thanks to the company’s decision to sell several of its franchises so they could focus their time and sweat on a few properties.
Revenues for the third quarter plummeted from a whopping US$ 100 million in 2005 to US$ 47.3 million in 2006. The company mentioned that Test Drive Unlimited (Xbox 360, PSP, PC) performed well during the said fiscal year. According to Atari CEO, David Pierce:
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.
Profit for the nine months to December 31 had hit US$ 95.3 million compared to a 162.2 million output a year earlier. On the bright side, their net loss for the fiscal year was down to US$ 7.5 million compared to $ 62.8 million.
Via IGN
