Losses trimmed, but revenues still drop for Atari

Atari has reported that net losses for the quarter ended December 31 have been trimmed to US $700,000 (EUR 538,000), down from US $4.8 million (EUR 3.6m) for the same period a year earlier.

Revenues for the third quarter were down from US $100 million (EUR 76.8m) in 2005, to US $47.3 million (EUR 36.3m) in 2006.

Xbox 360 racer Test Drive Unlimited, due for release on PS2 and PSP shortly, was one title singled out by the company as performing well during the fiscal year.

"Atari continues to focus on improving product quality and is committed to growing shareholder value," commented CEO David Pierce.

"Specifically, Neverwinter Nights 2, Dragon Ball Z: Budokai Tenkaichi and Test Drive Unlimited achieved our targets of quality and market place acceptance on a global basis."

Revenue for the nine months to December 31 has hit US $95.3 million (EUR 73.2m) compared to 162.2 million (EUR 124.6m), with net loss for fiscal year was US $7.5 million (EUR 5.7m) compared to US $62.8 million (EUR 48.2m) a year ago.