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Mad Catz Interactive Inc. (MCZ)

Mad Catz Interactive Inc. primarily develops and markets innovative products for the interactive entertainment industry, the majority of which include markets accessories for videogame systems and PCs under its Mad Catz (casual gaming), Saitek (simulation), Cyborg (pro gaming), Eclipse (home and office) and Tritton (gaming audio) brands.

The Company also operates e-commerce and content websites for videogame and PC products under its GameShark brand, develops, manufactures and markets proprietary earphones under its AirDrives brand, and publishes and distributes video/PC games. Mad Catz’s products are distributed through most of the leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia.

For the last quarter of 2010, the Company reported $93.0 million in net sales, 90.6% higher than the previous year and an all-time record. Mad Catx ended the quarter with $9.9 million of cash, $51.2 million of accounts receivable, $32.5 million of inventories and accounts payable of $55.3 million. According to CEO Darren Richardson, significant improvements to the balance sheet are expected over the next year.

A leader in a dynamic, fast-growing industry that has solid prospects for continuing growth, Mad Catz is currently focused on expanding its product breadth, distribution network and licensing portfolio. The company has growing market share, considerable operating leverage, working capital to fund future growth, and a knowledgeable and skilled management team.

Wednesday, April 6th, 2011 Uncategorized
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