Atari: Losses will be $70 million
Publisher confirms previous estimates of the amount of a 'goodwill impairment charge.'
Atari has released a statement regarding its annual financial figures today, after delaying the announcement in June as it calculated a "final determination regarding a goodwill impairment charge."
The Infogrames subsidiary had intended to post the full report on June 29, but will now be posting it before the end of a permitted 15-day extension period. However, it has already reported that it will be filing a net loss of $71.3 million (equal to $5.29 a share), as it had previously predicted.
Atari also confirmed that the goodwill impairment charge would total $54.1 million, equal to $4.02 a share, and that net revenues for the year ended March 31, 2007 would be approximately $121.6 million.
The Neverwinter Nights 2, Driver, and Enter The Matrix publisher announced in May that it would be cutting 20 percent of its workforce, mainly in admin roles, to "reduce general and administrative cost." Bruno Bonnell, variously the company's chairman, chief creative officer, chief financial officer, and director, stepped down in September to hand over the reins to new CEO David Pierce.
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