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Atari, Inc. Reports Fiscal 2008 Second Quarter Results
Posted by Wade "TNT" Hinkle, 288 days ago Aug 28, 2008

Atari, Inc. (Nasdaq: ATAR), an interactive entertainment company, announced today results for its second quarter of fiscal 2008 and has filed its Quarterly Report on Form 10-Q for the second quarter ended September 30, 2007.

Net revenue for the second quarter ended September 30, 2007, was $13.3 million versus $28.6 million in the comparable year-earlier period. Publishing net revenue was $11.4 million, versus $23.1 million in the prior year, while distribution revenue was $1.9 million, versus $5.5 million in the comparable year-earlier period.

Net loss for the second quarter ended September 30, 2007 was $7.7 million, or $0.57 per share, compared to net loss of $68,000, or $0.00 per share, in the year-earlier period.

Net revenue for the six months ended September 30, 2007, was $23.7 million versus $48.1 million in the comparable year-earlier period. Publishing net revenue was $21.1 million, versus $32.9 million in the prior year, while distribution revenue was $2.6 million, versus $15.2 million in the comparable year-earlier period.

Net loss for the six months ended September 30, 2007 was $19.6 million, or $1.46 per share, compared to net loss of $7.4 million, or $0.55 per share, in the year-earlier period.

Atari will not be holding a conference call for the second quarter ended September 30, 2007. Financial statements and accompanying footnotes are contained in the Quarterly Report on Form 10-Q and can be obtained on-line at http://www.atari.com.

On November 15, 2007, Atari, Inc. received a letter from the Nasdaq Listing Qualifications Panel stating that Atari has regained compliance with Nasdaq’s periodic reporting requirements. On November 6, 2007, Atari announced that it had filed its delayed June 30, 2007 Quarterly Report on Form 10-Q and anticipated regaining compliance.


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