Mad Catz (MCZ) Misses Q1 EPS by 4c
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Mad Catz(R) Reports Fiscal 2016 First Quarter Financial Results
August 13, 2015 4:05 PM EDTSAN DIEGO, Aug. 13, 2015 (GLOBE NEWSWIRE) -- Mad Catz Interactive, Inc. ("Mad Catz" or the "Company") (NYSE MKT: MCZ) (TSX: MCZ), today announced financial results for the fiscal 2016 first quarter ended June 30, 2015.
Key Highlights of Fiscal 2016 First Quarter and Subsequent:
Fiscal 2016 first quarter net sales decreased 23% to $13.0 million, driven by a 33% decrease in net sales to EMEA, a 9% decrease in net sales to the Americas and a 19% decrease in net sales to APAC; Gross margin declined to 22.2% from 30.2% in the prior year quarter;... More