Profile: Mad Catz Interactive Inc (MCZ.A)
25 Jul 2014
Mad Catz Interactive, Inc. (Mad Catz), incorporated on August 25, 1993, designs, manufactures (through third parties in Asia), markets, sells and distributes accessories for all videogame platforms, the personal computer (PC) and Mac and, smart phones and other smart devices.The Company’s accessories are marketed primarily under the Mad Catz, Saitek, Tritton and AirDrives brands; it also produces for selected customers a limited range of products marketed on a private label basis. Its products include videogame, PC and audio accessories, such as control pads, video cables, steering wheels, joysticks, memory cards, flight sticks, dance pads, microphones, car adapters, carry cases, mice, keyboards and headsets.
The Company develops flight simulation software through its internal ThunderHawk Studios. The Company also publishes, markets and sells videogames.
During the fiscal year ended March 31, 2013 (fiscal 2013), approximately 30% of its gross sales were derived from products designed for use with Microsoft’s videogame platforms.The Company has a license agreement with Microsoft to produce wired and certain wireless accessories for the Xbox 360. Microsoft has announced that it will launch the Xbox One game console, the successor to the Xbox 360 console. The Company has a license agreement with Microsoft to produce accessories for the Xbox One entertainment system. In fiscal 2013, approximately 2% of its gross sales were derived from products designed for use with Nintendo’s videogame platforms and handheld products. In fiscal 2013, approximately 1% of its gross sales were derived from the sale of products designed for use with the Wii U console and less than 1% of its gross sales were derived from the sale of products designed for use with the Wii console. It has an agreement with Nintendo of America, Inc. for rights to offer licensed accessories for the Wii and Wii U. Sales of products compatible with these DS systems accounted for less than 1% of its gross sales in fiscal 2013.
In fiscal 2013, approximately 9% of its gross sales were derived from products designed for use with Sony’s videogame platforms and handheld products. Sony has announced that it will launch the PlayStation 4 game console, the successor to the PlayStation 3 console during the fourth quarter of 2013. During fiscal 2013, products designed for use with the PlayStation 2, which Sony continues to manufacture and market, accounted for less than 1% of its gross sales. It has an agreement with Sony Computer Entertainment of America Inc. for rights to offer licensed Rock Band videogame compatible wireless Fender American Precision Bass replica, Fender Telecaster replica and Fender full-size, wooden Stratocaster guitar controllers for the PlayStation 3. In addition to those products, it offers a full line of unlicensed accessories for the PlayStation 3.
The Company operates as one business segment, in the design, manufacture (through third parties in Asia), sales, marketing and distribution of videogame and PC accessories and videogames. In fiscal 2013, approximately 38% of its gross sales were generated by customers with retail stores located in the United States, 50% in Europe, 4% in Canada, and 8% in other countries, including Australia, Japan, China, Taiwan, Korea, Mexico, New Zealand and Singapore. In fiscal 2013, approximately 34% of its gross sales were derived from PC gaming and other accessories which are marketed and sold under its Mad Catz, Saitek, and Tritton brands. These products include: input devices, comprised primarily of mice and keyboards; specialty controllers, comprised of flight sticks, yokes, joysticks, and steering wheels; audio products, comprised primarily of headsets; and chess and intelligent games, consists primarily of chess and related accessories. The remaining approximately 25% of its fiscal 2013 gross sales were derived from products whose use is not specific to any particular hardware platform.
The Company competes with Microsoft Corporation, Nintendo Co., Ltd., Sony Corporation, Accessories 4 Technology, ALS, Astro Gaming, BDA, Big Ben, Datel, Genius, Griffin Technology, Intec, Hama GmbH & Co KG, Jollenbeck GmbH, Inc., Logic3, Logitech, NYKO, PDP, Power A, Razer, SteelSeries, Thrustmaster, Trust International, Turtle Beach and Vidis GmbH.
Mad Catz Interactive Inc
Suite 101, 7480 Mission Valley R
SAN DIEGO CA 92108