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Midway Games posts $1.4 million net loss for May; sales $2.81 million
By Caroline Salls
Pittsburgh, July 8 - Midway Games Inc. reported a $1.40 million net loss for May on $2.81 million in net revenues, according to its monthly operating report filed Wednesday with the Securities and Exchange Commission.
The figures showed improvement over the $3.46 million net loss posted in April on $2.59 million in net revenues.
Midway had $27.45 million of cash and cash equivalents at May 31, compared with $25.92 million at the end of April.
Midway Games, based in Chicago, is a developer and publisher of interactive entertainment software for videogame systems and personal computers. The company filed for bankruptcy on Feb. 12 in the U.S. Bankruptcy Court for the District of Delaware, and its Chapter 11 case number is 09-10465.
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