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TheStreet Open House

Mad Catz Reports Fiscal 2013 Second Quarter Net Sales Growth Of 21%

Stocks in this article: MCZ

Mad Catz Interactive, Inc. (NYSE MKT/TSX: MCZ):

Conference Call:

 

Today, November 6, 2012 at 5:00 p.m. ET

Dial-in numbers:

(212) 231-2900 (U.S. & International)

Webcast:

www.madcatz.com (Select “Investors”)

Replay Information:

See text of the release

Mad Catz Interactive, Inc. (“Mad Catz” or “the Company”) (NYSE MKT/TSX: MCZ), today announced financial results for its second fiscal quarter ended September 30, 2012.

For the quarter ended September 30, 2012, the Company generated net sales of $31.2 million, an increase of 21% from net sales of $25.8 million in the prior year quarter. Gross profit for the fiscal 2013 second quarter increased 21% to $9.0 million, from $7.4 million in the prior year quarter, while gross profit margin remained flat at 29%. Total operating expenses in the fiscal 2013 second quarter were $8.5 million, down 6% from $9.0 million in the prior year quarter, leading to operating income of $0.5 million, a $2.1 million improvement from the operating loss of $1.6 million recorded in the prior year quarter. Foreign exchange loss for the fiscal 2013 second quarter was $0.3 million, compared to a gain of $0.2 million in the prior year quarter. Reflecting income tax expense of $0.4 million, the Company recorded a net loss of $0.5 million, or a loss of $0.01 per diluted share in the fiscal 2013 second quarter, compared to a net loss of $0.5 million, or $0.01 per diluted share in the prior year quarter.

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