Beazer Homes released more financial information Thursday that shows continued bleeding at the Atlanta-based homebuilder.

The company reported a net loss of $229.8 million in the most recent quarter. For the six months ending March 31, the loss was $368.1 million.

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On Monday, Beazer announced restated earnings that showed the company lost $35 million more in the first half of fiscal year 2007 than previously reported. It also reported a $155.2 million loss for the fourth quarter of fiscal 2007, which ended Sept. 30, compared with a profit of $83.7 million a year earlier.

In the revision process, Beazer recalculated results from 1998 to 2006, and retained earnings increased $27.6 million over that period.

The federal government is investigating Beazer's home-lending practices. The company said it's trying to negotiate a settlement with the U.S. attorney in the western district of North Carolina and the Securities and Exchange Commission.

In 2006, Beazer was the nation's seventh-biggest homebuilder. Since then, the company has downsized after homeowner defaults in the Charlotte area came to light, triggering investigations. Beazer has admitted that employees violated federal lending regulations.

The company's business and stock price have plunged. Beazer has cut its work force in half, quit making loans and pulled out of five housing markets, including Charlotte.

"Pressures in the marketplace resulted in the use of increased sales incentives and price reductions in an effort to generate sales and reduce inventory levels," management says in the latest SEC filing.

In addition, "negative publicity" has depressed the stock price, management says, and "also discouraged and may continue to discourage a number of potential homebuyers from purchasing a home from us and has adversely affected our relationships with certain of our partners, such as land sellers, contractors and suppliers."

Beazer promised bondholders who were threatening to call in $1.5 billion in debt last year that it would update its financial reports by Thursday. The company will hold an earnings call at 11 a.m. Friday. To listen in, click here.

The latest filing also says Beazer's operating loss in the quarter ended March 31 was $290.2 million and over six months was $488.5 million.

Its revenues for the quarter were less than half of what they were for the same period in 2007, according to the new numbers. They plunged from $823.6 million to $405.4 million.

Over the six-month period, revenues were $906 million compared to $1.6 billion a year earlier.

Closings fell 42.9 percent in the most recent quarter and 34 percent for the six-month period, Beazer said. "Home closings decreased in all of our homebuilding markets," the company said.

Lot sales also plummeted to $4 million for the quarter compared to $41.5 million for the same quarter last year. In the six-month period, the lot-sale total was $11.6 million, down from $54.2 million last year.