Corsair Gaming, Inc. Stock Price, News & Analysis

Corsair Gaming (CRSR) reported financial results for Q2 2022, with net revenue of $283.9 million, down from $472.9 million a year prior. This decline reflects macroeconomic headwinds and channel inventory corrections. Operating loss increased to $55 million, compared to a loss of $2.5 million in Q1 2022. The net loss per diluted share was $0.62, worsening from $0.05 in Q1 2022. Despite challenges, Corsair expects 2022 revenue between $1.35 billion and $1.45 billion, indicating cautious optimism for recovery in demand for gaming products.

Corsair Gaming, Inc. (Nasdaq: CRSR) will release its Q2 2022 financial results on August 4, 2022, at 2:00 p.m. PT. Preliminary unaudited revenue is expected to be around $284 million, with adjusted EBITDA loss anticipated between $10 million to $11 million. CEO Andy Paul noted challenges due to macroeconomic factors impacting consumer spending and inventory buildup, yet recent sales data, especially during Amazon Prime Day, showed promising growth in the gaming PC components market, with a 35% increase year-over-year.

Corsair Gaming, Inc. (Nasdaq:CRSR), a leader in high-performance gaming gear, will present virtually to institutional investors at the 2022 Wedbush WE3 on June 16, 2022, at 4:00 p.m. Eastern Time. CEO Andy Paul and CFO Michael G. Potter will lead the presentation, which can be rewatched on Corsair’s Investor Relations website. Corsair develops a wide range of products for gamers and content creators, including PC components, peripherals, and custom gaming PCs, and encompasses brands like Elgato and SCUF Gaming.

CORSAIR has launched the new VOYAGER a1600 gaming and streaming laptop featuring AMD Ryzen 6000 Series processors and Radeon RX 6800M graphics. With a 16” QHD+ IPS screen, 240Hz refresh rate, and advanced cooling system, it aims to deliver a premium gaming experience. The laptop includes customizable S-key buttons for streamlining streaming tasks, a 1080p webcam, and supports AMD Smart Access Memory for enhanced performance. Prices range from $2699.99 to $2999.99, with more details available on the CORSAIR website.

Corsair Gaming, Inc. (NASDAQ:CRSR) announced its participation in upcoming investor conferences. CFO Michael G. Potter will present at the Baird Global Consumer, Technology & Services Conference in New York City on June 7, 2022, and the Stifel Cross Sector Insight Conference in Boston, Massachusetts on June 8, 2022. Live webcasts and replays will be accessible on Corsair's Investor Relations website. The company is recognized as a leading provider of high-performance gaming gear, catering to gamers and content creators, including its subsidiary brands like Elgato and SCUF Gaming.

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.