Midway Games reports $488,636 net loss for March; revenues decline

By Caroline Salls

Pittsburgh, May 26 - Midway Games Inc. reported a $488,636 net loss for March on $270 in net revenues, according to its monthly operating report filed with the Securities and Exchange Commission.

The figures showed a decline from the $333,182 net loss posted for February on $402.29 in net revenues.

The company had $37.08 million in cash and cash equivalents at March 31, down from $39.31 million at the end of February.

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, 2009 in the U.S. Bankruptcy Court for the District of Delaware, and its Chapter 11 case number is 09-10465.

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