Atari Worse Than Expected Losses

The previously announced results of a net loss of $4.3 million for Q4 and $67 million for the fiscal year were unaudited. But with adjustments accorded to “the amortization of an unnamed license,” the new audited financial results show a net loss for the fourth quarter of $6.2 million and a net loss for the whole year of $69 million. 

According to the financial statement: “Atari will continue to develop and publish games for traditional gaming consoles but will look to differentiate its titles by capitalizing on the connectivity and power of next-generation consoles. The company anticipates its deliberate and decisive actions will capture new audiences and build upon its iconic brand reputation.”

The statement also outlined Atari’s plans for going forward: “Atari’s strategy will focus on expanding the marketplace in which it competes through the exploitation of established franchises; the creation and aggregation of a new online gaming movement focused on community building; and unique new titles for portable devices.”

A spokeswoman for Atari told us that while they can’t comment too much on what established franchises will be focused on, we should “keep an eye out for Earthworm Jim.” She added that more information as to their new plans will be announced in a couple months.