| Address:
|
141 ADELAIDE STREET WEST
SUITE 400 |
| City: |
TORONTO ONTARIO |
|
State: |
|
|
Zip Code: |
M5H 3L5 |
| Telephone: |
619-683-9830 |
|
Description of Business
|
Primary SIC Code:
3944 |
| (As filed with the SEC)
|
|
|
In this Annual Report on Form 10-K/A, "Mad Catz Interactive, Inc.," "Mad Catz,"
the "Company," "we," "us" and "our" refer to Mad Catz Interactive, Inc. and all
of our consolidated subsidiaries.
Mad Catz Interactive, Inc. was incorporated under the Canada Business
Corporations Act on August 25, 1993.
In August 1999, we completed the acquisition of Mad Catz, Inc. ("MCI"), a
corporation incorporated under the laws of Delaware that designs, markets, sells
and distributes videogame accessories. MCI and its predecessor company have been
involved in the videogame industry since approximately 1991.
Recent Acquisitions
In May 2010, we acquired all of the outstanding stock of Tritton Technologies
Inc. ("Tritton"), a private corporation incorporated under the laws of Delaware.
Tritton is in the business of designing, developing, manufacturing (through
third parties in Asia), marketing and selling videogame and PC accessories, most
notably gaming audio headsets. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.12 | NA | 5.04 | | 06/2011 | 0.16 | NA | 8.88 | | 03/2011 | 0.18 | NA | 12.17 | | 12/2010 | 0.17 | NA | 6.00 | | 09/2010 | 0.12 | NA | 3.67 | | 06/2010 | 0.08 | NA | 5.15 | | 03/2010 | 0.08 | NA | 6.00 | | 12/2009 | 0.01 | NA | 35.00 |
Key Financial Ratios and Statistics |
FYE:
03/31 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | 0.22 | Total Liab/Total Assets | 0.68 | | Net Inc/Total Assets | 0.14 | Total Liab/Inv Cap | 6.85 | | Net Inc/Inv Cap | 1.46 | Total Liab/Comm Equity | 1.02 | | Pretax Inc/Net Sales | 0.09 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.06 | Curr Debt/Equity | 0.83 | | Cash Flow/Net Sales | 0.02 | LTD/Equity | NA | | SG&A/NetSales | 0.15 | Total Debt/Equity | 0.83 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 10.50 | Quick Ratio | 0.55 | | Inventory Turnover | 5.81 | Current Ratio | 1.13 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.37 | | Net Sales/Work Cap | 29.68 | Inv/Curr Assets | 0.52 | | Net Sales/PP&E | 46.92 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
25.76
|
16.46
|
33.70
|
92.96
|
|
Cost of Goods Sold
|
18.32
|
12.52
|
23.18
|
66.56
|
|
Selling & Admin Exps
|
7.01
|
6.61
|
6.56
|
8.98
|
|
Operating Income
|
-1.58
|
-4.92
|
1.65
|
15.98
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
-0.14
|
-4.05
|
2.30
|
14.25
|
|
Other Income
|
1.73
|
1.04
|
1.26
|
-0.69
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-0.48
|
-3.48
|
1.49
|
9.70
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
2.72
|
1.97
|
3.73
|
9.92
|
|
Receivables - Total
|
16.56
|
10.54
|
20.26
|
51.57
|
|
Inventories - Total
|
33.59
|
28.67
|
27.98
|
32.51
|
|
Total Current Assets
|
55.58
|
43.60
|
54.32
|
95.56
|
|
Net Property, Plant & Equipment
|
4.42
|
4.47
|
3.92
|
3.68
|
|
Total Assets
|
76.87
|
65.12
|
75.53
|
117.96
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
27.27
|
15.28
|
26.67
|
49.73
|
|
Debt in Current Liabilities
|
17.04
|
14.81
|
19.91
|
26.15
|
|
Total Current Liabilities
|
45.72
|
31.43
|
48.12
|
76.91
|
|
Long-Term Debt
|
NA
|
NA
|
0.00
|
14.50
|
|
Total Liabilities
|
49.31
|
36.17
|
51.44
|
96.40
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
59.06
|
58.90
|
50.65
|
49.68
|
|
Retained Earnings
|
-30.50
|
-30.02
|
-26.54
|
-28.03
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
27.56
|
28.95
|
24.10
|
21.56
|
|
Total Liabilities and Stockholders' Equity
|
76.87
|
65.12
|
75.53
|
117.96
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
-0.54
|
-5.76
|
14.78
|
9.01
|
|
Net Cash Provided by Investing Activities
|
-0.56
|
-1.11
|
-0.96
|
-0.45
|
|
Net Cash Provided by Financing Activities
|
2.23
|
4.74
|
-20.18
|
-2.28
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 03/2007 | 99.72 | 3.70 | 0.07 | | 03/2008 | 87.58 | 3.17 | 0.06 | | 03/2009 | 112.56 | -32.61 | -0.59 | | 03/2010 | 119.01 | 4.46 | 0.08 | | 03/2011 | 183.97 | 10.94 | 0.18 | | Growth Rates | 16.54 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 24 | 2,204 | 3.47 |
|
Report Date :
2/6/2012
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