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Drop and Axel Grell have collaborated to create the Drop + Grell OAE1 Signature Headphones, redefining the audio experience with innovative design. The headphones feature a driver-forward, open-around-ear design that leverages the natural geometry of the ear for improved stereo imaging and a more realistic sound field. The product, priced at $349 for pre-order, is edition with only 1,000 pieces available.
CORSAIR (CRSR) announced exclusive negotiations to acquire sim racing specialist Endor AG, owners of Fanatec brand. CORSAIR will fund Endor's cash needs, restructure its €70M debt, and ultimately acquire it. The move aims to alleviate Endor's debt burden, fuel growth, and expand product offerings.
CORSAIR (Nasdaq: CRSR) is pursuing the acquisition of Endor AG, the owner of the Fanatec brand, a renowned name in sim racing hardware. The agreement includes funding for Endor's short-term cash needs and negotiation to restructure its €70 million debt, with CORSAIR potentially acquiring Endor pending approval under German insolvency law. The acquisition aims to address Endor's debt issues, benefit Fanatec's community, employees, and partners, and position CORSAIR for growth in the simulation market.
Corsair Gaming, Inc. reported a 20% year-over-year revenue growth in the Gamer and Creator segment with a record 40% gross margin. The net revenue for the first quarter of 2024 was $337.3 million, with a net loss of $12.5 million. Adjusted net income was $9.5 million and adjusted EBITDA was $18.0 million. The company remains optimistic about new product launches, market expansion, and financial outlook for 2024.
CORSAIR announced the launch of the CORSAIR ONE i500 PC, a compact powerhouse featuring cutting-edge components like NVIDIA GeForce RTX 4090, Intel Core i9-14900K, DDR5 memory, and 2TB NVMe SSD storage. This compact PC delivers high performance, speed, and reliability, catering to content creators, AI professionals, and gamers. With liquid cooling, top-tier thermal efficiency, and future upgradability options, the CORSAIR ONE i500 is a sleek, powerful, and customizable system.
