Atari down $23.6M on shrinking revs

Once-mighty publisher's annual revenues $42.3 million lower than prior year, totaling just $80.1 million.

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The ongoing restructuring at Atari is having the desired effect of reducing the publisher's losses, but the steps taken to right the ship--including selling off development studios and shying away from AAA games--are lowering revenues as well. Atari today announced its fourth quarter and year-end financial results for the 12 months ended March 31, and the company's numbers were suitably smaller all the way around.

For the full year, Atari revenues were $80.1 million, down roughly 35 percent from the previous year's $122.3 million in sales. During that time frame, the publisher chalked up net losses of $23.6 million, trimmed considerably from the $69.7 million lost the year before.

The publisher's fourth-quarter numbers followed the same trend as the full-year figures. Atari reported a loss of $3.7 million on sales of $15.3 million for the three months ended March 31. In the same quarter the previous year, Atari brought in $26.9 million in revenues, with a relatively whopping net loss of $61.7 million.

There is reason to believe the current quarter may prove kinder to Atari. In addition to the Xbox 360 and PlayStation 3 debuts of the Dragon Ball Z series with this week's release of Burst Limit, the long-awaited Alone in the Dark revamp has gone gold and will arrive in stores by the end of the month.

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