BAM! Entertainment Revenues Slump

Officials from BAM! Entertainment have announced the company’s fiscal fourth quarter results ended June 30. Net revenues dropped 85% to $2.1 million, with an operating loss of $9.3 million and a net loss of $9.2 million, equivalent to 63 cents per share. In the same period last year the company sustained an operation loss of just $5.1 million and a net loss of $5.2 million, equivalent to 35 cents per share. The company did not release any new titles during the quarter in question, due to restructuring and refocusing of key product lines.