Mad Catz touts record quarter as losses shrink

Accessory manufacturer says its gross profit margin and operating loss were as good as they've ever been for the first three months of the fiscal year.

Peripheral maker Mad Catz released its first fiscal quarter results today, and while sales were down from the same period the year before, the company found a few silver linings.

First and foremost, the company lessened its losses for the three months ended June 30. Noting that its first quarter is seasonally the slowest time of its year, Mad Catz posted what it called a record operating loss of $200,000, down from $1.2 million for the same period last year.

Net sales for the quarter were down nearly 20 percent to $18.1 million, which the company blamed in part on lingering effects of the console generation transition and a tough comparison given last year's release of Real World Golf.

During the quarter, Mad Catz announced deals to release peripherals for a number of upcoming games, including Halo 3, Mass Effect, Assassin's Creed, and Splinter Cell: Conviction. The company also inked a deal with the NHL, and renewed or expanded its existing deals with the NFL, NBA, and MLB. Finally, the company acted to expand into new markets, introducing AirDrives, a new line of headphones designed with safety in mind, which will retail between $69 and $100.

Going forward, Mad Catz said it will expand its efforts to license other companies' brands for its peripherals, as well as move into "adjacent product categories."

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90 comments
Altair_92
Altair_92

Madcatz does suck, but I really wan the AC controllers. Probably more for display than use. I also want the skinz that they are making. I say that they are really only good at skins and faceplates. I bought a PS2 MC controller, plugged it in, and it didn't work! >_

jordee111
jordee111

Mad Catz Sucks! My MicroCon PS2 Steering Wheel Dosen't Work. Two Months After I Got It, It Stoped Working Properly. The Pedals Work Great Still, And When I Steer Left Its Fine, But When I Steer Right, The Steering Wheel Intenally Disconnects From The Console. Bring The Wheel Back To The Center, Wait A Couple Of Seconds And It Re-Connects. Im A Car Guy And I Love My Racing Games, So I Always Wanted A Steering Wheel. HELP!!!!!!! Email Me An Anwser At jordanrules10@hotmail.com ASAP

Ubiseewaba
Ubiseewaba

i dont like Mad Catz controllers.. I got wireless Gamecube 220 controllers and one buggered out!

playstation_wii
playstation_wii

If they want to make more money, make better periphials. The quality is so bad, I have to get 1st party things.

jogunther
jogunther

Logitech always has them beat. At least they're there to drive quality.

kneppi88
kneppi88

I buy some of there stuff, but I'd rather have the official stuff because of quality.

ctg867
ctg867

I'm not a big accessory person, but I will be getting the Halo 3 Skin/Faceplate pack from Madcatz on Sept 21st. Besides that though, everything I get is first party.

PS3_MidwestKing
PS3_MidwestKing

[This message was deleted at the request of the original poster]

makemeweak
makemeweak

Since everyone is mentioning Mad Catz peripherals that broke, I thought I'd mention that I bought a wireless Mad Catz Xbox controller three years ago, and it still works perfectly, with a good battery life. I'm sure they have put some crap out there, but I don't think all of their stuff is trash. Congratulations to them for their profits this quarter. Hopefully they will invest the money to improve their offerings.

DjMaxximuss
DjMaxximuss

If Your broke.. Then you might have to buy their .... stuff. At least there are choices out there even if one sucks.

ScottHFC
ScottHFC

They have crap controllers, there should only be offical controllers.

Firecrest
Firecrest

I have a Mad Catz bluetooth headset for my PS3. It's probably the only good peripheral I've ever bought from them. Maybe if they actually had some QA testing, more people would buy their shoddy products.

quickhhh
quickhhh

their controllers suck i had one for two weeks and it broke

Anthony9000
Anthony9000

i bought two memory cards from mad catz and both broke....hope they go out of buissiness soon.....

Sim_genius
Sim_genius

But Mad Catz stuff usually sucks :o

guppieface
guppieface

i have never bought anything made by "mad catz"

Megavideogamer
Megavideogamer

Will Madcatz ever learn to make a proper controller for any system? I wonder how they can stay in business after all this time?

Poost
Poost

I'm surprised they can make any money at all. Third-party peripherals have always been substandard. And now with the newest controllers becoming more and more complicated, I would much rather get a trusted official controller than save $5 bucks and play my games with a piece of crap. Pay the extra money for the official controllers people, you will be better off for it.

GrimBee
GrimBee

Maybe if they produced some GOOD accessories - they would make a profit. For all the DS stuff you can get - usually the official stuff (historically) was never really any good. But The official stuff is actually better this time. Joytech have made some of the best wii stuff (chargers, zapper etc). The patented (and expensive) sixaxis controllers for the ps3 are probably not good at turning a profit for mad catz. And the mad catz 360 controllers are quite abysmal, yet to even offer a wireless solution at times. Apart from steering wheels and the odd ds case or two, its no wonder mad catz are losing profits. Mad Catz should take this as a positive result (albeit a kick in the rear) to get their stuff in the good light again. The best madcatz thing I have ever bought was a retrocon controller for the ps2. They haven't produced anything worthy of that controller since. It is a shame, however, that you can either buy good quality expensive official stuff - or just a really poor quality SLIGHTLY cheaper stuff... I would like Mad Catz to produce quality stuff, which is useful, but at half the price of the official. I mean, when you have an official 360 controller - or a naff madcatz controller which looks like some plug in tv game pad for like £5 less. You can see why they have lost alot of moola.

cspiffo
cspiffo

dadoesch, :lol: I remember doing that as well!

dadoesch
dadoesch

Funny that Mad Catz is boasting about a record operating *loss*. Their stuff is junk. My brothers and I used to buy their controllers, but would always end up fighting over who had to get stuck playing with it. If you got stuck with it, it basically meant you were about to lose the next Goldeneye match, or the next Street Fighter match, or whatever. Ugh. Just thinking about those damn controllers makes me cringe.

anamnawshad
anamnawshad

Just improve the damn products and offer them at low price then u'll have profit....

MARIOJAY450
MARIOJAY450

their controllers suck (as all 3rd party ones do) but i like a few of their other products

imortiferus
imortiferus

I can't believe these guys are in business and making money! Thier stuff is trash!!! I have owned two of their products, a controller and a memory card for PS2 and they both failed within 6 months of purchase! people must be MAD to buy from these CATZ!!!

Drummerboy1984
Drummerboy1984

I bought a Mad Catz N64 controller back in the day. It messed up the 1st controller port to where I could only use the Mad Catz to play anything. Never again.

majin_vegeta300
majin_vegeta300

every Mad Catz product I have owned has failed (2 Sega genesis controllers, and one Playstation controller) so I don't know if they've stepped up they're quality since then, but I still refuse to buy anything from them

cspiffo
cspiffo

Mad Catz stuff sucks. I bought 3 ps2 controllers of theirs and they all broke within a week of use! I've also bought memory card from them which mysteriously became corrupted and unuseable

natethegreat235
natethegreat235

No okasser for the last gen of systems all the wireless mad cartz controllers were trash. The best ones were easily logitech, by a mile. So Mad catz is not the cream of the third party crop.

okassar
okassar

I think that everyone's following everyone else's words here...If you say Mad Catz peripherals are bad,then you're saying all other 3rd party peripherals are dirty toilet seats.From what I've seen,Mad Catz,by far,makes the best and most reliable OF the 3rd party peripherals.Their controllers are cheap and not that bad,they're playable,just a small step down from the official one's.All my controller are official,but that's just because I'm willing to pay however much needed to get the best.There are alot of other people who aren't like that,and would prefer cheaper,3rd party peripherals.In that case,Mad Catz is their best choice.

ashuncc2
ashuncc2

Everytime I've bought a Mad Catz product, I have been disappointed. Either they seem cheap or don't work exactly right. I'll just stick with my first party accessories.

diablobasher
diablobasher

Only time i buy a third party controller is when they are like £2 at work and my official is broke or something, even then, the only 3 i have came with the systems i bought for free (as well as an official) the only 3rd party controller i have ever bought on it's own, was some crazy solid metal one, which is awesome lol. Got it for £2. But yeah, i have a madcatz memory card for PS2 as well, again, it was much cheaper and i just needed a few extra mb to save a couple games. Even though i have 60+ PS2 games, one memory card has been fine up till now. Cost me

Atarii
Atarii

Sorry Mad Catz, I've never bought your accessories and I likely never will. 1st party > 3rd party There's no doubt it's cheaper, but you get what you pay for.

ERacer6
ERacer6

Glad to see many in agreement on Mad Catz. Their controllers are just junk. I think the only reason they have shored in their losses is probably because they cut down on their production. That's the easiest way to accomplish that. I haven't seen as much of their garbage in stores lately. People can only get burned so many times.

RELL1K
RELL1K

Here I was all along thinking I was the only one that that got a bad Mad Catz peripheral. I guess that's why they keep having losses. They can't find enough new gamers to dupe into buying their crap.

NinjaMunkey01
NinjaMunkey01

mad catz are really bad. their controllers are rubbish. I dont mind logitech I got a steering wheel, snowboard thing (for ssx) which work on my ps3 aswell and a protective case for my psp which is really good. I would never buy 3rd party controllers though. I wonder if the recing wheel will work on my 360. hmm...

mr_killer_man
mr_killer_man

The cheat code disk are very difficult to upgrade! You can't trade them in for another game or disk. Most retailers tell you that you can upgrade it, but how can you do that when it want go online? Yup Mad Catz is trash! I brought a wireless controller and it kills batteries faster than I can put them in!

tgrace
tgrace

Mad Catz = Trash

carddude
carddude

Mad Cats can go to hell. I bought a gameboy to g-cube cable from them a long time ago and it didn't work the first time I tried it. Screw Mad Cats.

bobbya1234
bobbya1234

Going against the grain here, i have never had a problem with their PS2 Memory Card. It has lasted as long as the (frankly overpriced for 8Mb) Sony one. The controllers though, i do concede, are awful.

McHenry2
McHenry2

off brand controllers=suckage

sharpshooter188
sharpshooter188

mad catz always sucked. Controllers were cheaply made. Uncomfortable as hell, broke easily, and the button responses were horrid. seriously. youd press a button and the action wouldnt happen till like a half to a full second later. pathetic. How are these guys not out of business?

thug_angel123
thug_angel123

If third party controllers are concerned I'll prefer logitech over mad catz anyday...

imprezawrx500
imprezawrx500

mad catz make bad controlers, they have terriable buttons, not very comfy and break. Logitech is soooooo much better and don't cost much more if any.

CptSquirrly1091
CptSquirrly1091

for the last few years ive been buying mad catz things and noticing every single thing i bought had a malfunction... i thought it was just me but i guess not...

tenorio_rotc
tenorio_rotc

Mad Catz makes the crappiest peripherals on the planet. No one should ever buy from them. They are the lowest of the low.

doctorteeth
doctorteeth

Hey, guys. We're lucky to have the 3rd party accessories. Don't like them? Don't buy them. Occassionally they have some really nice stuff. Always prefer a 1st party controller, though. And yes, I know, much of the 3rd party stuff out there is total crap.

doctorteeth
doctorteeth

[This message was deleted at the request of the original poster]

decoy1978
decoy1978

In the beginning I always prefer 1st party stuff. But at the end of a systems life, I'll go to 3rd party items.