Miscellaneous: Atari's Q1 loss is 11.9 millionPosted by: SB 

Atari filed the Q1 financial report :posting a loss of USD 11.9 million

Losses were up more than 50 per cent from the year-earlier period, when Atari reported a net loss of USD 7.3 million, or USD 0.54 per share.

As reported earlier, Atari did not file its quarterly report for the period ending June 30, 2007. The company also delayed filing its annual report for the fiscal year ending March 31, 2007.

The annual report, eventually filed in September, showed a net loss for the year of USD 69.7 million.
In July, NASDAQ had threatened Atari with delisting, granting the company an extension until November 5 to file the 10-Q form. Atari asked for an additional day.

Atari was recently served with a notice to terminate its Dragon Ball Z license by FUNimation, and previously sold its rights to the Stuntman and Driver franchises.

Atari US stated that it had "substantial doubt about our ability to continue as a going concern."

Source!