Atari, the troubled games publishing division of Infogrames, has received a second de-listing notice from NASDAQ following the failure to file their quarterly financial statement.

According to Games Industry.biz the company 'cannot determine its first quarter results until its year-end results have been finalised,' but they've yet to file their annual accounts because they are "still determining what, if any, accounting entries it needs to make with respect to certain severance matters."

Atari were faced with a de-listing notice last year after their stock price dropped to all-time low. When last year's accounts were filed Atari had made a $67.1 million USD net loss for the 2006 financial year.

Last year Atari Chairman, CEO and Chief Creative Officer, Bruno Bonnell, felt that Sony's delays with the PS3 and Microsoft's problematic XBox 360 launch impacted upon sales as he cited a shortage of new hardware as one of the reasons for the heavy loss.

Atari is now appealing against this year's NASDAQ notice and have bought themselves more time by requesting a hearing with the Listing Qualification Panel. The company reported only a few weeks ago that they are expecting to report a loss of USD 71.3 million, or USD 5.29 a share this year.

Source :: Games Industry.biz