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Mad Catz reports $3.2 million net income

Gameindustry.biz report's: Mad Catz Interactive has announced financial results for the fourth quarter and fiscal year ended March 31.

Net sales for the Q4 were up 13.2 per cent from the same period of the prior year to USD 21.9 million. Gross profit for the quarter increased 14.7 per cent to USD 6.5 million.

Mad Catz reported a net loss of USD 0.8 million or USD 0.02 per diluted share compared to a net gain of USD 0.7 million in Q4 2007.

For the fiscal year, net sales were down 12.2 per cent to USD 87.6 million. Gross profit increased 14.9 per cent to USD 28.7 million, with net income for the year of USD 3.2 million or USD 0.06 per diluted share.

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