Mad Catz Reports Second Quarter Loss

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Mad CatzMad Catz reported the financial results of its fiscal second quarter ended September 30, 2009:
For the quarter, Mad Catz reported a net loss of $971 thousand compared to a net loss in the same quarter the prior year of $1.239 million. Mad Catz blamed a variety of factors for the continuing loss, arguing that a late start to the holiday season, foreign exchange fluctuations and slow hardware sales all contributed to a poor quarter.

Mad Catz did, however, report that it opened an office in Spain to increase sales in the Spanish and Portuguese markets.

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This page contains a single entry by Editor published on November 10, 2009 2:08 PM.

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