Posts Tagged ‘Mad Catz Q2 08’

Madcatz – Q2 2008 Earnings Report

By: ispeculatornew | Date posted: 11.23.2007 (2:24 pm)

MCZ – Mad Catz Interactive (American Stock Exchange) – (Closing Price – 1.08)

Mad Catz Interactive reported moderate results for their fiscal 2008 second quarter and they announced the acquisition of Saitek, a PC games peripheral provider.

In the second quarter Mad Catz Interactive posted earnings of 0.02 per diluted share on revenues of 16.9 million. Revenues were down 35% from the second quarter of last year due to the “culling process to reduce low-margin product placement, the continuing impact of the console transition and strong software sales in the year-ago quarter attributable to Real World Golf 2”. Net income of 0.9 million and earnings per share of 0.02 were “both record levels for Mad Catz’ fiscal second quarter.” (more…)