Mad Catz CEO announces new Android gaming console dubbed “Project M.O.J.O.” coming at E3


Ouya gaming console

E3 is nearly upon us, and of course, a lot of gaming news is expected. We’ll be hearing more about PlayJam’s Android-powered plug-and-play GameStick, but they aren’t going to be the only guys at the expo showing off the Android gaming experience, as Mad Catz CEO Darren Richardson announced Project M.O.J.O., another Android gaming platform, during an earnings call.

Richardson, calling it an Android “micro console,” says the device can be plugged into your flat screen TV. He also mentioned that this device is all about hardware performance, and that it will be an open platform. We’re not sure exactly what that means, as there isn’t a whole lot of info on the device aside from confirmation it exists.

However, Engadget reports that Project M.O.J.O., a “keystone product” in Mad Catz’s GameSmart initiative, could be the results of a recent partnership with NVIDIA, which likely means that we’ll be seeing Tegra Zone compatibility. In other words, it should have some pretty cool games available on launch.

It’s awesome to see Android gaming finally getting some decent competition – we now have GameStick, Project M.O.J.O, and OUYA, though the latter won’t technically be at the Electronics Entertainment Expo this year. Instead, it’ll be there unofficially at ”a parking lot directly across from the Convention Center’s South Hall,” according to a message sent out to OUYA developers.

Regardless, it’s exciting to see a larger Android gaming presence at E3 this year, and being gadget lovers, it’s hard to not get excited over a new Android “micro console” announcement. Are you looking forward to this year’s E3?

Mad Catz Reports Fiscal 2013 Revenue of $122.7 Million
– Goodwill Impairment Charge of $10.5 Million –

SAN DIEGO — (BUSINESS WIRE) — Jun. 6, 2013 — Mad Catz Interactive, Inc. (“Mad Catz” or “the Company”) (NYSE MKT/TSX: MCZ), today announced financial results for the fiscal fourth quarter and full year ended March 31, 2013.

For the fiscal year ended March 31, 2013, the Company generated net sales of $122.7 million, an increase of 4% from net sales of $117.6 million in fiscal 2012. Gross profit for fiscal 2013 increased 10% to $34.5 million, from $31.5 million in the prior fiscal year, while gross profit margin increased to 28%, compared to 27% in fiscal 2012. Total operating expenses in fiscal 2013, inclusive of a $10.5 million non-cash goodwill impairment charge, were $44.0 million, an increase of $8.7 million over the prior year, leading to an operating loss of $9.5 million, compared to an operating loss of $3.9 million a year ago. Foreign exchange gain was $0.6 million in fiscal 2013, compared to a loss of $0.6 million in fiscal 2012. Reflecting income tax expense of $2.0 million, the Company recorded a net loss of $11.2 million, or a loss of $0.18 per share, in the fiscal year ended March 31, 2013, compared to a net loss of $1.6 million, or $0.03 per diluted share in the prior fiscal year.

Adjusted EBITDA, …read more

Via: Android Authority

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