Publisher Atari has announced a net loss for its September quarter, with falling revenues being pinned on a sparse release schedule - but projections for the coming quarter, which includes the holiday season, are strong.

For the three months ended September 30, Atari saw its revenues drop from $109.4 million to $60.6 million - causing a drop into loss for the company, with a net loss of $28.7 million recorded, compared with a net profit of $731,000 in the same period last year.

The company also paid a $39.4 one-time dividend to its parent company, Infogrames, as part of a settlement of a large long-term debt, which brought the overall loss for the quarter to $68.1 million.