Midway Games has issued a press release announcing their financial revenues for the second quarter of 2005. According to the press release, Midway's revenues for the second quarter were less than forecast, and also less than the same quarter last year. From the press release:

Net revenues for the 2005 second quarter were $36.9 million, compared with 2004 second quarter net revenues of $47.3 million. The 2005 second quarter loss applicable to common stock was $29.9 million or a loss of $0.35 per share, compared with a 2004 second quarter loss applicable to common stock of $11.2 million or a loss of $0.17 per share. The second quarter results were below previously provided expectations primarily due to lower-than-forecasted sales of Unreal Championship 2, as well as the writedown of capitalized product development costs for upcoming releases and the need for additional reserves for markdowns.

The press release also has a section detailing the outlook for the rest of the year, including a piece of information not previously reported that may be of interest to MK fans. From the release:

For the quarter ending September 30, 2005, the Company expects net revenues of approximately $30 million, with a net loss of approximately $19 million. During the quarter, Midway expects to release Mortal Kombat: Shaolin Monks for PlayStation 2 and Xbox, Midway Arcade Treasures 3 for PlayStation 2, Xbox, and GameCube, and a compilation of Midway Arcade Treasures 2 and 3 for the PC. Midway also expects to ship The Suffering: Ties that Bind for PlayStation 2, Xbox, and PC at the end of September, 2005, although due to the timing of its shipment at the end of the quarter, the Company expects to recognize the associated revenues in the fourth quarter.

During the fourth quarter of 2005, Midway expects to release Gauntlet: Seven Sorrows for PlayStation 2 and Xbox, Blitz: The League for PlayStation 2 and Xbox, Ed, Edd n Eddy: The Mis-Edventures for PlayStation 2, Xbox, GameCube, GameBoy Advance, and PC, and L.A. RUSH for PlayStation 2 and Xbox. In addition, the Company also expects to release its first two PlayStation Portable (PSP) titles: Mortal Kombat: Deception Unchained and Midway Arcade Treasures: Extended Play during the quarter.

This is the first information that we have seen that indicates Midway Arcade Treasures 2 and Midway Arcade Treasures 3 will be coming to PC. Whether these are the full versions of these games is yet unknown; however, if it is, it will be the first time since 1998 than a Mortal Kombat game will be making it to PC. We'll keep an eye on this game; as we learn more, we'll be sure to report it to you!

To read the press release in its entirety, click here.

Our thanks once again to forum/chat member DECEPTION for the heads-up on this breaking news story!