Earnings Call Excerpt
Mad Catz Interactive, Inc. (MCZ)
F1Q09 Earnings Call
August 19, 2008 5:00 pm ET
Executives
David Jacoby – Investor Relations. Jaffoni & Collins Incorporated
Darren Richardson – President and Chief Executive Officer
Stewart Halpern – Chief Financial Officer
Analysts
Ronald Rotter – RLR Partners
David Brigham – Brigham Investments
Joseph [Miranda] – Private Investor
Presentation
Operator
Welcome to the Mad Catz Interactive fiscal Q1 2009 results conference call. (Operator Instructions) I would now like to turn the conference over to Dave Jacoby, Investor Relations.
David Jacoby
Today’s discussion will contain forward-looking statements about the company’s financial results, estimates and business prospects that involve substantial risks and uncertainty. The company assumes no obligation to update the forward-looking statements contained in this conference call as a result of new information or future events or developments.
You can identify these statements by the fact that they use words such as anticipate, estimate, expect, project, intend, plan, believe and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: the ability to maintain or renew the company’s licenses, competitive developments affecting the company’s current products, first party price reductions, price protection taken in response to price cuts, the ability to successfully market both new and existing products domestically and internationally, difficulties or delays in manufacturing, delays in the company’s ability to obtain products from its manufacturers, market and general economic conditions.
A further list of descriptions of these risks, uncertainties and other matters can be found in the company’s reports filed with the appropriate regulatory authorities. Today’s call and webcast may include non-GAAP financial measures within the meaning of SEC Regulation G. When required, a reconciliation of all non-GAAP financial measures to the most directly comparable financial measure calculated and presented in accordance with GAAP can be found in today’s press release. As part of Mad Catz’s ongoing efforts to raise its visibility within the financial community, the company regularly meets with or conducts calls with members of the financial community. If you’re interested in meeting with Mad Catz management, please call me at 212-835-8500.
I would now like to introduce Mad Catz President and Chief Executive Officer, Darren Richardson, who will be joined on today’s call by CFO, Stewart Halpern.
Darren Richardson
First, I’ll briefly review some of the fiscal 2009 first quarter highlights and then turn the call over to Stewart, who’ll provide some additional financial perspective. Afterwards, I’ll discuss our strategy for growth throughout the fiscal 2009 as we leverage what is the broadest suite of product lines and most robust portfolio of licenses in Mad Catz history.
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