Tag Archives: losses
Fri, Feb 13, 2009 | 20:52 GMT
Peripheral manufacturer Mad Catz has reported a net loss of $26.9 million for its latest financial quarter, despite a 19 percent increase in sales to $41 million.
Losses from Q3, ending December 31, stemmed from higher royalty and shipping costs, as well as new product development hires, the company said.
Mad Catz recently revealed the new Limited Edition Street Fighter IV arcade and fightsticks for PS3 and Xbox 360, which are something akin to gold dust at the moment.
Press release after the jump.