(Boursier.com) — For the first half of the 2021-2022 financial year (April 1 to September 30, 2021), the Group Atari records a turnover of 6 million euros, (7.8 ME for the same half of the previous financial year). The decrease is -23.8% at current exchange rate and -20.3% at constant exchange rate. It reflects the 73% decline in licensing activities, significantly affected by the effects of the health crisis, and the 51% decrease in revenue from the video game activity, linked to the transition of the Atari Gaming division to premium games. and the search for better profitability of other free-to-play games. This momentum is partially offset by the ramp-up in sales of the Atari VCS, which represented €2.3 million over the period, whereas the VCS activity did not contribute to sales in the first half of the previous financial year. Revenues related to activities developed on the blockchain represent 0.4 ME over this first half corresponding to the proceeds of NFT sales made through a license agreement.
The gross margin for the 1st half was 56% (81% for the same period of the previous year). It reflects the growing share of Atari VCS sales, whose margin rate is lower than that of the Group’s other games and licensing activities.
The Atari Group generated current operating income of -2.8 ME in the 1st half of 2021-2022 (-1.2 ME in the 1st half of 2020-2021).
The net result of the consolidated group amounts to -3.5 ME (-1.4 ME in the 1st half of 2020-2021).
Financial situation
Non-current financial assets consist of €14.2 million in trade receivables with a maturity of more than one year (€14.3 million at March 31, 2021). Other current liabilities, at 5.2 ME, include in particular 3.7 ME of deferred income: 2.5 ME for sales and allocations related to the Atari Token, 0.4 ME of pre-orders relating to the Atari VCS awaiting delivery and €0.8 million for hotel license products.
Outlook 2021/2022
The group is aiming for an improvement in financial performance in the second half compared to the first 6 months of the financial year. This momentum should be driven by several key projects in the different business segments.
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