More Trouble for Atari: Losses Near $8M

A week after the restructuring of Atari's US operations, the troubled game maker revealed gigantic losses for quarter two 2007.

In Atari's quarterly report filing with the SEC, the company openly raises doubts about its ability to continue functioning, even with the sale of its development rights to Infogrames.

"Historically, we have relied on IESA [Infogrames] to provide limited financial support to us, through loans or, in recent years, through purchases of assets," the filing reads. "However, IESA has its own financial needs, and its ability to fund its subsidiaries' operations, including ours, is limited. Therefore, there can be no assurance we will ultimately receive any funding from IESA."

"The uncertainty caused by these above conditions raises substantial doubt about our ability to continue as a going concern," it continues.

Read the rest at Gamasutra.