Atari société anonyme reported revenue results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported total Revenue was EUR 3.9 million against EUR 11.0 million a year ago. For the nine months, the company reported total Revenue was EUR 14.8 million against EUR 30.5 million a year ago.

Atari société anonyme, Special/Extraordinary Shareholders Meeting, Nov 30, 2012., at 11:00 Central European Standard Time. Location: Club Confair.

Atari société anonyme reported unaudited consolidated preliminary sales results for the second quarter and earnings results for the six months ended September 30, 2012. For the quarter, revenues were EUR 4.1 million against EUR 8.4 million last year. This is mainly due to the change in revenue mix from console oriented games to mobile games and the timing of the release of mobile games in the period against prior comparable period. For the six months, revenues, net were EUR 10.9 million against EUR 19.6 million last year. Current operating loss was EUR 4.4 million against EUR 0.7 million last year. Operating loss was EUR 5.8 million against EUR 1.4 million last year. Loss from continued operations was EUR 5.3 million against EUR 4.2 million last year. Net loss attributable to equity holders of the parent was EUR 2.0 million against EUR 8.2 million last year. Net loss (after minority interests) was EUR 2.0 million against EUR 8.2 million last year. Net debt was EUR 17.4 million against EUR 20.8 million at March 31, 2012. Net cash flow from continued operations was EUR 0.9 million against net cash flow used in continued operations of EUR 1.7 million last year. Net cash flow used in discontinued operations was EUR 0.4 million against EUR 7.6 million last year. Disbursements for intangible assets was EUR 1.9 million against EUR 3.1 million last year. Disbursements for property, plant and equipment was EUR 0.1 million. First half revenues were driven by continued strength of Test Drive and RollerCoaster Tycoon franchises at retail and via digital download and digital console. Digital revenues also grew from the continued successful development in international markets. Sales represents a 44.4% decline at current exchange rates and a 49.9% decline at constant exchange rate. This drop is mainly due to the change in revenue mix. Current operating loss was EUR 4.4 million against EUR 0.7 million last year. As a result of lower gross profit level, current operating loss records a drop compared to last year results. The strong improvement in net income was both due to: lower cost of debt as the amount of the Credit Facility drawn has been lowered in the period compared to the same period of the previous year; in the six months ended September 30, 2012, other financial result is positive of EUR 1.8 million, against negative EUR 0.4 million in the prior comparable period, principally due to foreign exchange gains. The company expects to be profitable in second half of fiscal 2013, as Digital activities should be fostered by a strong pipeline and thus significantly contributed to margin improvement during the second half of this fiscal year. Thus, the company now expects current operating income to be at or near breakeven for this fiscal year. Gross profit is expected to increase with the Mobile and Online upcoming launches. Previously the company expected flat to continued improvement in current operating income for the full year.