Atari: reduces its losses but cash flow worries

( – Atari reported on Monday an increase in its turnover and an attenuation of its operational loss in the first half, but also mentioned additional cash needs, which weighed on its share price. Sotck exchange.

The video games group revealed this morning a turnover of 4.6 million euros for the first six months of its 2023/2024 financial year, ended at the end of September, up 46% year-on-year. other, notably as a result of the integration of Nightdive Studios.

Its operating loss narrowed to five million euros, compared to -5.2 million euros a year earlier, even if its net loss increased to 6.6 million euros, after -5, 4 million in the first half of 2022/2023, due to the interest paid on the last convertible bond.

In its press release, Atari emphasizes that the deployment of its new growth strategy could require new financing needs, particularly given the current uncertain economic context.

The company currently says it is considering (1) new loans from Irata, its main shareholder, or (2) a new capital raising, announcements which resulted in a 1.2% decline in the stock in late morning at the Paris Stock Exchange.

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