Amsterdam, Holland-based Playlogic has posted increased losses and a decline in both revenues and gross profit for the nine months ended September 30.

The Age Of Pirates and Obscure publisher saw a net loss of $6.7 million (£4m) during the period, compared with a loss of $2 million (£1.2m) a year earlier. The company suffered a net loss of $3.2 million (£1.9m) during the third quarter, versus $3 million (£1.8m) last year.

Revenues for the first nine months of the year decreased from $9.4 million (£5.7m) to $6.7 million (£4m), although third quarter revenues were up year-on-year, from $1.1 million (£664,000) to $2 million (£1.2m).

Gross profit for the first nine months of 2009 was $1.7 million (£1m), down from $4.6 million (£2.8m) a year earlier. Third quarter gross profit fell from $264,000 (£159,000) last year to $33,000 (£20,000). The company attributed the declines to its transition from being a PC-focused publisher to a console-centric one.

“In the previous year a large percentage of products were published on PC, with fewer SKU’s published on console. This current year has seen our focus shift onto next gen consoles (PS3, Xbox 360) as well as other console platforms including DS, DSi, Wii and PSP. The associated increase in cost of goods for the first nine months of 2009 includes license fees for the console platform holders i.e. (Sony, Microsoft and Nintendo).”

Playlogic also said that “several key releases scheduled for Q4 2009 have been postponed” and that it will be “expanding its development and product offering into 2010 to include digitally distributed titles on PlayStation Network and Xbox Live Arcade”.

The publisher expects full year revenues in the range of $12.5-$17.5 million (£7.5m-£10.6m), compared to $9 million (£5.4m) in 2008.