Atari has announced financial results for the fiscal 2007 third quarter and nine months ended December 31, 2006.

Nett revenue for the quarter ended December 31, 2006, was US$47.3 million versus $100.0 million in the comparable year-earlier period. Publishing nett revenue was $46.0 million versus $81.6 million in the prior year, while distribution revenue was $1.3 million versus $18.4 million.

Nett loss for the fiscal 2007 third quarter was $0.7 million, compared to a nett loss of $4.8 million in the year-earlier period. Income from continuing operations for the third quarter of fiscal 2007 was $1.7 million, compared to a loss from continuing operations of $2.3 million in fiscal 2006.

Nett revenue for the nine-month period ended December 31 2006 was $95.3 million versus $162.2 million in the comparable year-earlier period. Publishing nett revenue was $78.8 million versus $116.6 million in the prior nine-month period, while distribution revenue was $16.5 million, versus $45.6 million in the comparable year-earlier period.

Nett loss for the nine-month period was $7.5 million, compared to a nett loss of $62.8 million in the year-earlier period. Loss from continuing operations for the nine-month period of fiscal 2007 was $12.4 million compared to a loss of $54.8 million in fiscal 2006.

"Atari continues to focus on improving product quality and is committed to growing shareholder value. Specifically, Never Winter Nights 2, Dragon Ball Z: Budokai Tenkaichi 2 and Test Drive Unlimited achieved our targets of quality and marketplace acceptance on a global basis," stated David Pierce, President and Chief Executive Officer of Atari.

Atari's product lineup for the remainder of fiscal 2007 is expected to include Bullet Witch (Xbox 360), Dragon Ball Z: Shin Budokai 2 (PSP), Test Drive Unlimited (PC and PlayStation 2), among others.