Atari, Inc.'s Q1 results
Back in the black with turnover quadrupled.
NEW YORK, Aug 13, 2008: FirstCall via COMTEX News Network/ -- Atari, Inc. (OTC Pink Sheets: ATAR), an interactive entertainment company, announced today results for its first quarter of fiscal 2009 and has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2008.
Net revenue for the quarter ended June 30, 2008, was $40.3 million versus $10.4 million in the comparable year-earlier period. Publishing net revenue was $36.7 million, versus $9.7 million in the prior year period, while distribution revenue was $3.6 million, versus $0.7 million in the comparable year-earlier period.
Net income for the first quarter ended June 30, 2008 was $3.5 million, or $0.26 income per share, compared to net loss of $11.9 million, or $0.89 loss per share, in the year-earlier period.
Atari will not be holding a conference call for the first quarter ended June 30, 2008. 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.
About Atari, Inc.
New York-based Atari, Inc. (OTC Pink Sheets: ATAR) publishes and distributes interactive entertainment software in the U.S. The 1,000+ titles that are published and distributed by the Company include hard-core, genre- defining franchises such as Test Drive ® ; and mass-market and children's franchises such as Dragon Ball Z ® . Atari, Inc. is a majority-owned subsidiary of France-based Infogrames Entertainment SA (Euronext - ISIN: FR- 0010478248), an interactive games publisher in Europe. For more information, visit http://www.atari.com.
Safe Harbor Statement
With the exception of the historical information contained in this release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause actual occurrences to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. The Company undertakes no duty to update any forward-looking statements to conform the statement to actual results or changes in the Company's expectations.