Eidos Reports Much Smaller Net Loss

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EidosEidos, currently the object of a purchase offer by Square Enix announced certain financial results for its six-month period ended December 31, 2008.
For that six-month period, Eidos reported a loss of £7.8 million (around $XX million). This compares to a loss (before taxes) of £83.4 million in the same period the prior year.


Since then, not only has Eidos received the offer from Square Enix to purchase the company for £0.32 per share, but has eliminated staff at Crystal Dynamics and closed Rockpool Games and Morpheme Game Studios to reduce the company's costs.

Should Square Enix's offer to purchase the company fall through, there is a question whether Eidos will be able to continue as a company. While Eidos' directors hope to be able to continue operations, there is significant doubt concerning the ability of Eidos to continue as a going concern.

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This page contains a single entry by Editor published on February 27, 2009 3:53 AM.

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