Corsair Gaming, Inc. - CRSR STOCK NEWS

Corsair Gaming, Inc. (Nasdaq:CRSR) reported Q1 2022 net revenue of $380.7 million, a 23.4% increase from Q1 2020, but a 28.1% decline from Q1 2021. The GAAP net loss per diluted share was $0.05, down from $0.47 in the prior year. Adjusted operating income fell 83.4% to $13.3 million. Despite challenges, the company expects net revenue for 2022 to be between $1.6 billion and $1.8 billion, with anticipated growth in gaming hardware as GPU prices stabilize.

CORSAIR (NASDAQ:CRSR) unveiled the HS65 SURROUND gaming headset, featuring lightweight aluminum construction and plush memory foam for enhanced comfort. It incorporates Sonarworks SoundID technology for personalized audio profiles, offering superior audio experiences with Dolby Audio 7.1 surround sound via USB on PC and Mac. The headset's design ensures compatibility with multiple platforms, including PS5, Xbox, and mobile devices. Alongside the HS65, CORSAIR launched three additional headsets: HS80 RGB USB, HS55 SURROUND, and HS55 STEREO, all available now through authorized retailers.

Corsair Gaming (Nasdaq: CRSR) will report its first quarter 2022 financial results on May 5, 2022, at 3:00 p.m. PT. The preliminary unaudited revenue for the quarter is approximately $380 million, with adjusted EBITDA expected at $14 million to $15 million. The revenue reflects a 23% increase compared to Q1 2020, indicating ongoing growth in gaming products despite lower-than-expected results due to reduced consumer spending in Europe and inflation concerns. Corsair anticipates a surge in self-built gaming PC activity later in the year as GPU pricing stabilizes.

Elgato (NASDAQ:CRSR) has launched the HD60 X, a next-gen external capture card designed for content creators. This device supports Full HD 1080p60 streaming and recording, and features innovative passthrough technology for smooth gameplay at 4K60 HDR10 quality. With instant game view and low latency capabilities, it caters to gamers needing high fidelity and competitive performance. The HD60 X is fully compatible with PS5 and Xbox Series X/S and includes the 4K Capture Utility software for seamless file management and recording. It is now available through authorized retailers, backed by a two-year warranty.

CORSAIR (NASDAQ:CRSR) announced a partnership with 2K to integrate immersive RGB lighting for its iCUE devices in the upcoming game Tiny Tina’s Wonderlands. This integration allows PC players to experience real-time lighting effects that sync with in-game events. The game, set to launch on March 25, 2022, offers players the chance to create unique heroes and engage in whimsical adventures. To celebrate the partnership, CORSAIR will host a sweepstakes for a custom PC and peripherals inspired by the game.

Corsair Gaming, Inc. (NASDAQ:CRSR) announced that CFO Michael G. Potter will present at the D.A. Davidson Consumer Growth Virtual Conference on March 10, 2022. Investors can engage in one-on-one and small group meetings with management. A live webcast and replay will be available on Corsair's Investor Relations website. Corsair is recognized for its high-performance gear for gamers, content creators, and PC enthusiasts, and includes brands like Elgato, SCUF Gaming, and ORIGIN PC.

CORSAIR (NASDAQ: CRSR) has launched the iCUE 5000T RGB PC case, featuring a unique design with 208 RGB LEDs and high-airflow mesh panels for optimal cooling. This case supports up to two 360mm radiators and is builder-friendly with a spacious interior for up to ten 120mm fans. In addition, the LC100 Case Accent Lighting Panels enable customizable RGB layouts. Both products are now available on the CORSAIR website and authorized retailers, backed by a two-year warranty.

CORSAIR (NASDAQ: CRSR) has launched the K70 RGB PRO Mechanical Gaming Keyboard, enhancing its renowned K70 series. Combining an aluminum build with customizable CHERRY MX mechanical switches, the keyboard promises durability and performance. It features an aluminum volume roller, dedicated media keys, and tournament-grade AXON technology, delivering commands up to 8x faster than standard keyboards. Available in North America immediately, with a two-year warranty, the K70 RGB PRO aims to meet the needs of competitive gamers while ensuring a customizable experience via CORSAIR's iCUE software.

Corsair Gaming, Inc. (NASDAQ:CRSR) reported record annual revenues of $1.9 billion for 2021, representing an 11.8% year-over-year increase. The gamer and creator peripherals segment saw a substantial rise of 20.0% in net revenue, totaling $647.2 million. While net income was $101.0 million ($1.01 per diluted share), a slight decrease from the previous year, adjusted net income remained stable. For 2022, Corsair expects net revenue between $1.9 billion and $2.1 billion, indicating confidence in ongoing growth despite anticipated supply chain challenges.