Once again gaming giant Atari is facing some troubling financials, bringing into doubt the viability of its future.
According to Spong, the company’s financial picture looked pretty bleak for the third quarter, down to $100.8 million from $156.4 million last year.
Whilst sales were slightly up in this (the Christmas) quarter, the firm is trailing a nine-month loss of $62.8 million compared with a nine-month profit of $14.8 million in the last three quarters of the previous financial year.
The beleaguered publisher’s credit line seems to have also run out, with its bank HSBC refusing to extend any more loans. What’s more, the firm’s CFO (Chief Financial Officer) Diane Baker has left the company to “pursue other opportunities.
Spong
Atari’s financial problems have been known for a while, but it seems this latest round of cash woes casts even more serious doubts on its future. For those who grew up in the 80s, news of Atari’s troubles is disheartening. It’s hard to imagine a gaming world without the maker of Asteroids and Centipede.
Although Atari’s having trouble, it is moving full steam ahead with some upcoming releases including Alone in the Dark, Stuntman and the much-anticipated Feb. 28 release of Dungeons & Dragons Online: Stormreach.
Related:
Atari's Uncertain Future
Atari Flashback 2
Hacking the Atari Flashback 2 into a 2600
Dungeons & Dragons Online: Stormreach To Launch Feb. 28
Discussion >>
