Mad Catz Interactive Reports Net Loss of $566,000 in Q3Sunday, February 9, 2014
Mad Catz Interactive Inc., a San Diego maker of computer game peripherals, reported a net loss of $566,000 on net sales of $32.9 million in its third quarter, which ended Dec. 31.
In the year-ago quarter, Mad Catz (NYSE: MCZ) reported net income of $3.1 million on net sales of $45.0 million.
In a statement released Feb. 6, CEO Darren Richardson said that the launches of the Xbox One and PlayStation 4 consoles “will provide strong new catalysts for the video game market and create what we believe is an attractive long-term opportunity for Mad Catz, particularly as consumers who upgraded to the new consoles begin to turn their focus to games and related accessories.”
Shares in Mad Catz have ranged from 36 cents to 90 cents over the last year. Shares closed Feb. 7 at 43 cents.