Quick Jump Daily Digest
Thank you for your interest in the Quick Jump Daily Digest. Get notified of all new content on QJ in our free Daily Digest. To subscribe, enter your email address below and click the subscribe button.
Atari posts US$ 11.9 million Q1 loss |
Listed in: Wii, PS3, Nintendo DS, Xbox 360, PC Gaming Tags: Atari, Infogrames, NASDAQ, Patrick Leleu
Ó
Things are looking bad for Atari. The company has reported a loss of US$ 11.9 million in its delayed Q1 financial report. Atari's losses have gone up more than 50 percent in the year-earlier period, when the company reported a net loss of US$ 7.3 million.In July, NASDAQ also informed Atari that its stock was subject to delisting due to non-compliance with its periodic reporting obligations. Atari anticipates that this week's filing of its Form Q-10 will bring the company's records with NASDAQ current.
The company is still in dire straits, though. FUNimation has recently served the company with a notice to terminate its Dragon Ball Z license. Last month, Infogrames CEO Patrick Leleu gave five members of Atari's board of directors the boot as part of the recovery plan for Atari.
| This story sucks? This story rocks! |
|
|
