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Mad Catz Interactive Reports Fiscal 2013 Q3 Net Income of $3.1M

Mad Catz Interactive Inc., the San Diego maker of video game accessories, reported fiscal 2013 net income for Q3 of $3.1 million, compared with a net profit of $1.5 million for the like quarter in the prior fiscal year.

Revenue for the third quarter was $45 million, down 3 percent from the like period in the prior fiscal year.

For the nine months ended Dec. 31, 2012, Mad Catz reported net income of $1 million, compared with a net loss of $2.4 million for the like period of the prior fiscal year.

Nine month revenue was $98 million, up 11 percent from the like period of the prior fiscal year.

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The company said its year to date gross profit was $28 million, compared with $26.6 million in the prior fiscal year’s nine months.

— SDBJ Staff Report

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