Infinium Labs Still Losing Money

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Infinium Labs, the company that has allegedly been working on the Phantom console (a PC masquerading as a console) filed a form with the Securities and Exchange Commission indicating that it will be late filing its quarterly report.
Plenty of other companies have done the same, but it is notable that in the form Infinium disclosed that the company has had $0 of revenues and a net loss of approximately $1.78 million. That's a bit better than the net loss in the previous quarter of $14.29 million, but losing nearly two million dollars is still impressive when you've vanished off the face of gaming (save last month's announcement regarding the possible manufacture of a keyboard).

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This page contains a single entry by Editor published on May 15, 2006 9:44 PM.

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