Mad Catz claws away at losses

First-quarter earnings trimmed to $900k loss, down from loss of $2.1 million last year; revenues of $18.1 million set company record for Q1.

Mad Catz Interactive, a manufacturer of gaming peripherals, today released its financial earnings for the quarter ended June 30, 2006. While the overall numbers were still negative, sales for the quarter were up from the same period last year.

The $18.1 million in sales set a record for the company in its first fiscal quarter, beating last year's mark of $14.8 million. The improved sales helped lessen narrow losses, which totaled $900,000 for the quarter. Despite the red ink, the figure was a positive as the company's earnings for Q1 of 2005 was $2.1 million.

Speaking about the company's results, Mad Catz CEO and president Darren Richardson emphasized the record setting quarter in a time of console transition.

"Mad Catz achieved record first quarter net revenues despite the industry challenges presented by the ongoing console transition and the fact that the fiscal first quarter is historically our slowest period of the year," Richardson said. The CEO singled out Real World Golf, a game with a customized golf club controller, as an example of his company's efforts to "diversify [its] revenue sources."

As of press time, shares of Mad Catz Interactive (MCZ) were up $.05 on the day to $.39, a rise of 14.7 percent.

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Discussion

30 comments
Mr_Doom212
Mr_Doom212

Mad Catz make cheesy stuff. My friend needed a controller for th GC. He went through 5 Mad Catz controllers. He just bought a Nintendo one/

DarknessOfFate1
DarknessOfFate1

man thats exactly what happened to me i bought a ps2 contorl and in a freiking hour it kept jamming left., i hate those people.

DrKill09
DrKill09

Mad Catz makes the worst garbage I've ever seen. A few years ago, I wanted a second controller for the PS2. I didn't want to spend $40 for Sony's brand, so I bought a Mad Catz for $10. Two weeks later, it broke, and I couldn't return it. The one analog stick kept pointing to the left, so in GTA VC, Tommy would keep facing the left. ANNOYING!!! Never, EVER, EVER, EVER, EVER, buy a Mad Catz controller. They suck! Their memory cards, on the other hand work fine. Never had trouble with my XBox one.

Attitude2000
Attitude2000

Product life depends on a lot of things...mostly mentality of the handler. It's silly to trust a sacred thing like memory in the hands of MadCatz, but the 1019 block card I bought for my GC was like 4 bucks used.

OPOLO
OPOLO

I always stay away from their stuff & just wait for Logitech

Geek12
Geek12

Finally! and i hope there sales continue to decline! Looks like logitec showed them who's boss.

SilV3RSix
SilV3RSix

I think I personally raised their quarterly sales when the first Halo came out - That suicide grenade was hell on my left trigger. After about 3 days my grenades were on automatic launch. But it was either them or that HUGE MSoft controller, so...

Sanguis_Malus
Sanguis_Malus

Madkatz make thin plastic products that break easily ! The controllers in particular are of inferior quality.

ketsuatama
ketsuatama

Hope the plumbers' pension fund hasn't invested with these guys!

enoslives7
enoslives7

Mad Catz controllers feel good, but they only last a week.......

_Margulis_
_Margulis_

I've been waiting for mad catz to die since the late 90s.

Kempatsu_basic
Kempatsu_basic

Whoever is doing quality control over at MadCatz should be fired. All my friends who are pretty old and naive bought their products and 3 GC controllers went to hell. These guys aren't really a wild bunch either - these are the type to wrap the controller up after use.

vaejas
vaejas

I see the shills are already out doing damage control.

LexLas
LexLas

Maybe people are finding out just how dependable their items are. Meaning some of their stuff is really not great so anyone buying it eventually finds out it's best to buy from the original manufacture, this could be why they are taking a fall ?? HMMMM ???

pohlkat
pohlkat

indeed the only decent thing i bought of madkatz is a GBA case, wich held a lot of games and was very durable. the cloth didnt fade either. other than that their stuff sucks

cesarotromundo
cesarotromundo

no offence... Mad CAtz SUCKS....my friends and I have got controlers and dance pads from this company.. they last @ most 2 months and they break... Maybe if madcatz make KICK ASS CONTROLLERS like logitech then it would be a lot better!

FRoStYisGoD
FRoStYisGoD

mad catz does indeed suck there contorllers break so damn easy and its worth buying

Auricom_Pilot
Auricom_Pilot

I wonder if mad catz will struggle when people have restricted budgets thanks to the price of next generation consoles. I won't be able to afford 3rd party hardware after buying games.

ghangiskhan1
ghangiskhan1

Mad Catz can't even spell right and there controllers don't last long plus the buttons stick even when they're brand new.

lgoldberg
lgoldberg

I think MadCatz controllers feel better in your hand, but Sony controllers last longer. I have a 6 year old PS1 controller that shows no signs of wear and tear, and a 1 year old madcatz controller witch the paint on the X and square buttons wore off. But the Sony Controller doesn't feel so great in your hand.

MaddGIJoe
MaddGIJoe

I want to get thier NFL faceplate....

RX-78GP02A
RX-78GP02A

The MadCatz NFL Controllers and Faceplates rock

ivory_soul
ivory_soul

Some of Mad Catz stuff is good like chris_jordan said. I usually don't buy fromt hem though. Logitech makes the best game peripherals such as the GT steering wheels and their cordless action controllers. I've had my PS2 one for a year and it hasn't even shown one sign of wear and tear. I don't really care for Mad Catz much.

DataDroid
DataDroid

I must agree with flyer4057. Mad Catz products, nearly to an item, suck terribly. Their controllers are poorly manufactured, and underperform as well. I used to work at EB Games, and would never, ever advise any customers to buy a Mad Catz product, since invariably, within a month or so of purchase, they would return complaining that it was either physically broken or not functioning properly. The only Mad Catz products worth getting are their cables (controller extenders, a/v cables, etc.) since they're just bits of wire, rather hard to screw up.

oldhott02
oldhott02

Mad Catz makes pretty good controllers that are usually cheaper and appeal to a big population of budget-minded consumers... but as always first party controllers will always be better

blackIceJoe
blackIceJoe

Well maybe they would be up if Microsoft would allow them make the wireless controllers for the 360. I am not a fan of the wired ones.