From GlobeNewswire: 2024-12-27 12:25:00

Atari announces its half-year 2024/2025 results, with a doubling of revenues to €13.7M and a current operating loss of -€2.7M. The company released 7 new games, opened pre-orders for the Atari 7800+ console, and acquired Intellivision trademarks and games. Post-closing events include new game releases and acquisitions by Infogrames.

During the first half of the year, Atari focused on strengthening its game catalog with new releases. Games revenue increased to €11.9M, hardware revenue to €0.8M, and licensing revenue to €1.0M. The company is on track to exceed FY 24 revenues of €20.6M, driven by key title releases in the second half of the year.

Atari’s consolidated income statement shows a gross margin of €10.5M, with current operating income improving to -€2.7M. Operating income stands at -€6.2M, impacted by non-cash intangible assets impairment. The cash flow from operations for the period turned positive at +€1.6M.

The consolidated balance sheet summary shows total assets of €64.5M, with non-current assets at €53.2M and current assets at €11.3M. Total equity decreased to €0.3M, while non-current liabilities increased to €49.5M and current liabilities to €14.7M.

Atari’s outlook for the second half of the year is positive, with the release of key titles contributing to revenue growth. The company continues on its growth path despite market challenges in the video games industry. The full Interim financial report is available on the Atari-investisseurs.fr website.



Read more at GlobeNewswire:: ATARI: HALF-YEAR 2024/2025 RESULTS