Mad Catz Interactive, Inc. (AMEX/TSX:MCZ), is a leading global provider of innovative products for the interactive entertainment industry. Mad Catz develops and markets accessories for videogame systems and PCs under its Mad Catz (casual gaming), Saitek (simulation), Cyborg (pro gaming), Eclipse (home and office) and Tritton (gaming audio) brands. Mad Catz also operates e-commerce and content websites for videogame and PC products under its GameShark brand, develops, manufactures and markets proprietary earphones under its AirDrives brand, and publishes and distributes video/PC games. Mad Catz distributes its products through most of the leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia.
Mad Catz Fiscal 2011 Q3 Net Sales Rise 91% to $93 Million; 73% Increase in Net Income and Diluted EPS of $0.15
For the quarter ended December 31, 2010, Mad Catz generated net sales of $93.0 million, the highest quarterly sales in the Company�s history and a 90.6% increase from net sales of $48.8 million in the fiscal 2010 third quarter.
Net sales in North America, the Company�s largest market, grew 129.6% to $56.4 million in the fiscal 2011 third quarter, while net sales to Europe increased 52.9% year-over-year to a record $35.1 million. Gross profit in the fiscal 2011 third quarter rose 65.6% to $26.4 million from the prior year period while gross profit margin declined by 4.3 percentage points to 28.4%, primarily due to a shift in the Company�s sales mix which included higher levels of licensed products.
In the fiscal 2011 nine-month period ended December 31, 2010, the Company generated record net sales of $150.3 million, a 62.0% increase from the $92.7 million in the first nine months of the prior fiscal year. Gross profit for the fiscal 2011 year-to-date period increased 46.1% to a record $42.8 million, from $29.3 million in the prior year while gross profit margin was 28.5% compared to 31.6% a year ago. Total operating expenses in the first nine months of fiscal 2011 were $25.7 million, up 17.7% from $21.9 million in the prior year-to-date period and, as a percentage of net sales, declined to 17.1% from 23.6% a year ago. The Company recorded an operating profit of $17.1 million and $7.4 million in the first nine months of fiscal 2011 and fiscal 2010, respectively, representing growth of 129.9%. Reflecting tax expense of $5.6 million in the fiscal 2011 year-to-date period and $2.0 million in the comparable year-ago period, the Company reported net income of $9.4 million, or $0.16 per diluted share, compared with a net income of $3.6 million, or $0.07 per diluted share a year ago.
Mad Catz is a leading global provider of innovative products for the interactive entertainment industry. Mad Catz develops and markets accessories for videogame systems and PCs under its Mad Catz (casual gaming), Saitek (simulation), Cyborg (pro gaming), Eclipse (home and office) and Tritton (gaming audio) brands. Mad Catz also operates e-commerce and content websites for videogame and PC products under its GameShark brand, develops, manufactures and markets proprietary earphones under its AirDrives brand, and publishes and distributes video/PC games. Mad Catz distributes its products through most of the leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia.
Recent Key Developments and License Agreements:
Announced agreement with THQ Inc. to produce branded videogame accessories based on the WWE� All Stars� intellectual property;
Released the limited edition Sonic the Hedgehog Figure Inductive Charger featuring a six inch tall Sonic and charge base for use with the Wii;
Entered into agreement with Epic Games, Inc. to produce a range of accessories for Gears of War 3, scheduled to be released exclusively for Xbox 360� during the 2011 holiday season;
Secured license for Marvel� Vs. Capcom� 3: Fate of Two Worlds - Arcade FightStick: for the Xbox� 360 and PS3, expected to be available concurrent with the mid-February game launch; and,
Entered into an agreement with Microsoft� Corporation to produce a range of licensed, co-branded audio headsets under the Company�s Tritton brand and Microsoft�s Xbox 360� brand.
For additional information please go to www.madcatz.com
RealD Inc. (NYSE:RLD) announced the Company’s financial results for the three and nine months ended December 24, 2010. For the third quarter of fiscal 2011, RealD reported net revenue of $57.8 million, compared to $30.2 million for the third quarter of fiscal 2010, an increase of 91 percent. GAAP net loss attributable to common stockholders for the third quarter of fiscal 2011 was $16.6 million, or $0.34 per diluted share, compared to a GAAP net loss attributable to common stockholders of $15.1 million, or $0.61 per diluted share, for the third quarter of fiscal 2010.
RealD Inc. licenses stereoscopic three-dimensional or 3D technologies internationally. The company licenses its RealD Cinema Systems to motion picture exhibitors that show 3D motion pictures and alternative 3D content.
Hanesbrands Inc. (NYSE:HBI) reported its fourth-quarter and full-year 2010 results, completing a successful year of double-digit net sales growth and increased earnings per share. Hanes� net sales for the year increased by 11.2 percent to $4.33 billion, driven by significant share gains and consecutive quarterly sales growth rates of 8 percent, 9 percent, 11 percent and 16 percent, respectively. Earnings per share were $2.16, compared with $0.54 last year, and exceeded the company�s previous guidance of $2.07 to $2.12 as a result of lower-than-expected expenses related to debt refinancing.
Hanesbrands Inc., a consumer goods company, engages in the design, manufacture, sourcing, and sale of apparel essentials in the United States and internationally.
CNA Surety Corp. (NYSE:SUR) reported net income for the fourth quarter of 2010 of $54.5 million, or $1.21 per diluted share, compared to $49.3 million, or $1.11 per diluted share, for the same period in 2009. For the year ended December 31, 2010, net income was $134.4 million, or $3.02 per diluted share, compared to $117.9 million, or $2.65 per diluted share in 2009. Favorable loss reserve development of $54.3 million in the fourth quarter of 2010 and $76.3 million for the year ended December 31, 2010. A combined ratio of 34.0% in the quarter, 65.3% for the year. Operating cash flow of $35.0 million in the quarter and $142.1 million for the year.
CNA Surety Corporation, through its subsidiaries, provides surety and surety-related products and services in North America. The company provides contract surety bonds, including bid, performance, and payment bonds, as well as completion, maintenance, and supply bonds; and commercial surety bonds comprising license and permit bonds, and public official bonds.
NATIONAL HEALTH PARTNERS, INC. (NHPR.OB) is a leading national healthcare savings organization that provides unique discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called �CARExpress.�
The healthcare industry remains in a state of turmoil and crisis. Each year, the cost of insurance skyrockets. The need for affordable healthcare alternatives has never been greater. The U.S. Census Bureau recently released the following information to the public:
46.6 million people, or 15.9% of the U.S. population, were without health insurance coverage in 2005, up from 45.3 million Americans, or 15.6% of the population, in 2004, an increase of 1.3 million people;
The percentage of people covered by employment-based health insurance decreased from 59.8% to 59.5% between 2004 and 2005;
8.3 million children under the age of 18, or 11.2% of all children under the age of 18, were without health insurance in 2005; and
In 2005, the uninsured rate for Hispanics was 32.7% compared to 15.9% for all members of the U.S. population, and of the 46.6 million Americans who are uninsured, 14.1 million were Hispanics.
NHPR provides members with access to over 1,000,000 healthcare providers through our agreements with CareMark, Aetna Dental Access NetworkSM, Optum, Integrated Health, Three Rivers and International Med-Care, which are some of the largest and most prestigious national healthcare networks in the country. These providers represent more than 70% of all practicing doctors and surgeons, 65% of all acute care hospitals and 95% of all pharmacies in the United States.
Have you found that access to affordable medical in the United States is an entitlement? Yet dependant upon a seemingly arbitrary matrix of things, and the government insurance packages which are available for the elderly, the permanently disabled, people who have failing kidneys, the actual impoverished and children from low-income individuals. But how poor must one be to be eligible varies from state to state and also from year to year. Workers at most of the large firms and many of hte small firms have been able to take advantage of group insurance plans negotiated by way of their employers. Although millions of people who are employed in low-paying service, retail or perhaps contracting jobs need to seek individual insurance plans, which may be unaffordable or maybe unavailable because of their healthcare histories. Others obtain insurance with insurance deductibles so high or insurance coverage limits so low that one bad crash or illness would lead them close to bankrupt. The need for affordable healthcare alternatives has never been greater.
The need for affordable healthcare alternatives has never been more important.
National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called �CARExpress.� CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. The company�s primary target customer group is the 47 million Americans who have no health insurance of any kind. The company�s secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania.
To learn about NHPR visit: www.nationalhealthpartners.com
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