Mad Catz reports mildly mad profits

Peripheral-maker reports annual net profit of $3.7 million, up from a loss the previous year.

This week, Mad Catz Interactive reported its earnings for the financial year ending March 31, 2007. The San Diego-based maker of gaming peripherals had a bit of a turnaround during the previous 12 months.

Though yearly net sales were essentially flat, slipping just 1 percent from $100.8 million to $99.7 million, net income--aka profit--was up. The year saw Mad Catz go from a net loss of $6.7 million to a net profit of $3.7 million. For the company's fourth fiscal quarter, sales rose 12.1 percent year over year to $17.2 million, thanks in part to the company's new lines of Wii and PlayStation 3 accessories.

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