Beleaguered publisher Atari, U.S. subsidiary of French publisher Infogrames, today filed its delayed fiscal report for the first quarter ended June 30, 2007. Net revenue fell from $19.5 million to $10.4 million while the company's net loss amounted to $11.9 million, up from last year's net loss of $7.3 million during the same period.

Additionally, while publishing net revenue was basically unchanged ($9.7 million versus $9.8 million), distribution revenue fell to $700,000 from last year's $9.7 million.

Atari is hopeful that the filing of its delayed 10-Q will prevent its stock from being delisted from the Nasdaq stock exchange. The company said it's awaiting Nasdaq's "final determination."

There's no doubt, however, that Atari's future is seriously in question. The company in the past has looked to its parent Infogrames (IESA) for help, but that help may not be guaranteed.

"Historically, IESA has sometimes provided funds we needed for our operations, but it is not certain that it will be able, or will be willing, to provide the funding we will need for fiscal 2008 or subsequent to that. Management continues to seek additional financing and is pursuing other options to meet the cash requirements for funding the 2007 holiday season and to meet the working capital cash requirements of the current quarter but there is no guarantee that we will be able to do so," Atari explained in its 10-Q filing.

Atari also recently revealed that it's in a battle with FUNimation to hold onto its Dragon Ball Z license, which is one of the more lucrative series for the struggling publisher.