PS2 News: Atari Posts Q3 Results - PS2 News

Members Login: Register | Why sign up? | Forgot Password?

Atari Posts Q3 Results

Atari, Inc. has released financial details from the third quarter of its 2004 fiscal year.

In the three months ending December 31, 2003, net revenues were reported as $190.6 million, versus $210.6 million in the comparable year-ago period. Publishing contributed $174.4 million to net revenues, while distribution revenue added $16.2 million, compared to $179.8 million and $30.8 million a year earlier respectively. Quarterly net income was $23.0 million ($0.19 per share), compared to net income of $30.1 million ($0.43 per share) in the year-earlier period.

Nine-month net revenues were $402.5 million, versus the $449.6 million from the similar period a year earlier. $355.0 million was culled from publishing, while distribution contributed $47.5 million. One year-ago publishing served up $371.1 million in net revenues, while distribution contributed $77.9 million. Nine-month net income was $18.1 million ($0.20), before a one-time non-cash dividend of $39.4 million, related to recapitalization and a public offering, weighed down results to a net loss of $21.3 million ($0.24 per share). A year earlier, Atari had nine-month net income of $30.1 million ($0.43).

For its full fiscal year ending March 31, 2004, Atari expects net revenue in the $460.0 million to $470.0 million range, with break-even net income and EPS, prior to the appearance again of the previously mentioned one-time non-cash dividend.

Atari said it finished the 2003 calendar year as the fourth-ranked independent videogame publisher (up from fifth in 2002) in the U.S., and maintained its number three position in the U.S. PC game publisher market., according to NPD Funworld data.

2/2/2004 Aaron Thomas

Put this on your webpage or blog:
Email this to a friend
Follow PSX Extreme on Twitter

Share on Twitter Share on Facebook Share on Google Share on MySpace Share on Delicious Share on Digg Share on Google Buzz Share via E-Mail Share via Tumblr Share via Posterous

New Comment System

Legacy Comment System (0 posts)

There are no comments to display.

Leave a Comment

Please login or register to leave a comment.

Our Poll

How often do you visit the site?
Once a day
Several times a day
Every few days
Once a week
This is my first visit
I've never been here, even now I am not here

Previous Poll Results