Mad Catz Q3: profit and revenue well down

By Patrick Garratt
9 February 2012 10:52 GMT

Mad Catz has reported a nasty three months ending December 31, showing revenue down to $46.2 million from $93 million year-over-year. Profits decreased to $11.2 million, down from $26.4 million in Q3 2010.

As reported by Gama, the lack of game-specific peripheral in the period was blamed for the drops.

“While we are not satisfied with these results, we believe a simple comparison between the fiscal third quarter of 2012 and 2011 is not a fully accurate indicator of the company’s direction and prospects,” said Mad Catz CEO Darren Richardson.

“Three years ago, the company made a strategic decision to shift its focus towards the creation of high-value products for passionate, hardcore consumers. This shift has not happened overnight and is still on-going,” he added.

Hit the link for more plastic-based details.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. Read our policy.

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 merch