This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Mad Catz loses $971,000 (U.S.) in second quarter 2009-11-11 06:02 ET - News Release Mr. Stewart Halpern reports MAD CATZ REPORTS FISCAL 2010 SECOND QUARTER RESULTS
Mad Catz Interactive Inc. today released financial results for its fiscal second
quarter ended Sept. 30, 2009.
Mad Catz reported net sales for the quarter ended Sept. 30, 2009, of
$21.6-million, a decrease of 16.1 per cent from second quarter net sales of
$25.8-million in fiscal 2009. Net sales in the company's largest market,
North America, declined 18 per cent, as a 19.6-per-cent decline in United States sales more
than offset a 55.3-per-cent rise in Canadian sales. Net sales to Europe were
down 14.6 per cent compared with the second quarter of fiscal 2009. Gross profit
of $6.8-million in the fiscal 2010 second quarter declined 12.5 per cent from
$7.7-million in the same quarter of the prior year, due primarily to the
decline in net sales. Gross profit margin for the quarter was 31.3 per cent,
compared with 30 per cent in the year-ago quarter.
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