Atari Q2 results: $7.7 million net loss

Atari Inc. has announced its Q2 financial results, showing a net loss of USD 7.7 million.

Net revenue for the quarter was USD 13.3 million, compared to USD 28.6 million in the comparable period of 2006.

As reported earlier, Atari's CEO, David Pierce, resigned last week. The company also announced that it would be leaving the production business to concentrate on publishing and distribution in North America.

Atari received a letter from the NASDAQ Listing Qualifications Panel on November 15 indicating that the company was now in compliance with NASDAQ's periodic reporting requirements.