SOURCE: Paragon Financial Limited

Paragon Financial Limited

December 13, 2011 08:16 ET

Mad Catz Interactive and Glu Mobile Poised for Growth

The Paragon Report Provides Equity Research on Mad Catz Interactive & Glu Mobile

NEW YORK, NY--(Marketwire - Dec 13, 2011) - The rapid growth in worldwide smartphone adoption has given a significant boost to the mobile gaming market this year. According to IT research and consultancy firm Gartner Research, mobile games are the most frequently downloaded application category across most online stores. Gartner reports that mobile gaming will experience the largest growth within the gaming software market, with its share growing from 15% in 2010 to 20% in 2015. The Paragon Report examines the outlook for companies in the Technology Sector and provides research reports on Mad Catz Interactive, Inc. (NYSE Amex: MCZ) and Glu Mobile, Inc. (NASDAQ: GLUU). Access to the full company reports can be found at:

Glu Mobile Inc. engages in the design, marketing, and sale of casual and traditional mobile games worldwide. The company creates games and related applications based on its own original brands and intellectual property, as well as third-party licensed brands. Last month the company announced that several of its "freemium" social mobile games, including Bug Village, are now available for Amazon's new tablet, Kindle Fire. "We are excited to introduce several of our top games to one of the newest, most advanced and affordable tablets on the market -- Kindle Fire," said Niccolo de Masi, CEO of Glu.

Glu Mobile recently announced that its third quarter GAAP revenue was $16.9 million compared to $15.5 million in the third quarter of 2010.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Technology Sector register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Mad Catz Interactive, Inc. designs, manufactures, markets, sells, and distributes accessories for videogame platforms and personal computers (PC), as well as for iPod and other audio devices. In the company's fiscal second quarter, handheld revenue represented 2% of total gross sales vs. 4% a year ago.

Mad Catz posted second quarter revenue of $25.8 million, a 31% decrease from $37.4 million in the prior year quarter. "This decline was principally driven by the strong performance in North America of the Company's Rock Band 3 product line in the prior year quarter, including bundled software sales and game peripherals such as guitars, drums, cymbals and wireless keyboards," the company explained.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at