informa
/
1 MIN READ
News

ATI Q3 Results

Citing better sales and higher gross margins, ATI Technologies has posted a smaller-than-expected third-quarter loss for the period ending May 31.
Sales for the period were $255.9 million, an increase of 10 percent over the previous quarter. The adjusted net loss of $4.2 million, a figure better than ATI management had previously indicated, amounted to a loss of about 2 cents per common share. The company also managed to reduce its inventory levels for the quarter by more than $60 million, and now total approximately $140 million. ATI management stated that they believe the company is on the right track following last month's decision to follow in Nvidia's footsteps and license its board and driver designs to outside manufacturers while continuing to pursue its OEM business. Management anticipated that revenues would dip in the fourth quarter as the company completed its transition to its new business, and anticipated a return to profitability in 2002. The company is also factoring in revenues from royalties on Gamecube sales, for which ATI-owned ArtX developed the graphics subsystem.

Latest Jobs

Cryptic Studios

Remote
1.19.23
Senior Producer

Night School Studio

Los Angeles, CA, USA
1.09.23
Level Designer / Scripter, Games Studio

Fast Travel Games

Hybrid (Stockholm, Sweden)
1.09.23
Social Media / Community Manager
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more