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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

March 31, 2006 at 1:43 PM

Infinium misses its 10-K deadline

The steady stream of bad news from Seattle video game company Infinium Labs continues with this filing saying the company won’t submit its annual report on time. The process of reviewing and collecting the financial information could not be completed on time without “undue hardship and expense.” The company gives us this preview of the year, however:

For the year ended December 31, 2004, the registrant had revenues of approximately $0 and a net loss of approximately $(33,819,787). For the year ended December 31, 2005, the registrant currently estimates that it had revenues of approximately $0 and a net loss of approximately $(28,400,000). Results for the year ended December 31, 2005 remain subject to further adjustment and actual results may differ significantly from the foregoing estimates.

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