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| Atari Financial Results For Fiscal 2006 Q2 and Six-Month Period Atari, Inc. announced financial results for the fiscal 2006 second quarter and six-month period ended September 30, 2005. Net revenue for the quarter ended September 30, 2005, was $38.4 million versus $68.0 million in the prior year's comparable quarter. Publishing net revenue was $22.6 million, compared to $54.6 million in the prior year, and was primarily driven by the release of Indigo Prophecy (PS2, Xbox and PC), Dragon Ball GT: Transformation (GBA) and Atari Flashback 2 (Plug-and-Play). Distribution revenue was $15.8 million versus $13.4 million in the comparable year-earlier period. Net loss for the fiscal 2006 second quarter was $25.2 million, or $0.20 per share, compared to net loss of $16.9 million, or $0.14 per share, in the year earlier period. Loss from continuing operations for the second quarter of fiscal 2006 was $23.8 million, or $0.19 per share, compared to a loss of $16.0 million, or $0.13 per share, in fiscal 2005. The Company previously announced on February 9, 2005, that it would begin to take steps to streamline its U.S. operations, including the closing of its studios in Santa Monica, California and Beverly, Massachusetts. In doing so, the Company recorded restructuring charges of $1.5 million in the second quarter of 2006. Excluding restructuring charges and losses from discontinued operations, the loss for the second quarter of fiscal 2006 would have been $22.3 million, or $0.18 per share. Net revenue for the six-month period ended September 30, 2005, was $62.6 million versus $176.1 million in the comparable year-earlier period. Publishing net revenue was $35.4 million versus $152.1 million in the prior six-month period, while distribution revenue was $27.2 million versus $24.0 million in the comparable year-earlier period. Net loss for the six-month period was $58.0 million, or $0.47 per share, compared to net loss of $4.8 million, or $0.04 per share, in the year-earlier period. Loss from continuing operations for the six-month period of fiscal 2006 was $54.3 million, or $0.44 per share, compared to a loss of $1.9 million, or $0.02 per share, in fiscal 2005. The Company recorded restructuring charges of $3.7 million for the six-month period ended September 30, 2005. Excluding restructuring charges and losses from discontinued operations, the loss for the six-month period would have been $50.6 million, or $0.41 per share. Atari's product lineup for the remainder of fiscal 2006 is expected to include the following new releases: Desperados 2: Cooper's Revenge (PC), Dragon Ball Z: Supersonic Warriors 2 (NDS), Driver: Parallel Lines (PS2 and Xbox), Dungeons & Dragons Online (PC), Totally Spies (GBA), Hasbro 4-Pack (NDS), Marc Ecko's Getting Up: Contents Under Pressure (PS2, Xbox and PC), The Matrix: Path of Neo (PS2, Xbox and PC), TimeShift (Xbox 360 and PC), and Tycoon City: New York (PC), among others. write your comments about the article :: © 2005 Game News :: home page |