Corsair Gaming, Inc. - CRSR STOCK NEWS

Corsair Gaming, Inc. (NASDAQ: CRSR) has launched the Stream Deck +, an advanced addition to its Elgato product lineup designed for content creators. This new device features LCD keys, infinite dials, and a touch strip to enhance user interactions with various applications for improved workflows. The Stream Deck + supports over 100 app plugins, integrates seamlessly with Elgato software, and offers customizable features for audio and video control. It is now available from authorized retailers worldwide.

Corsair Gaming, Inc. (NASDAQ: CRSR) announced a public offering of 4,545,455 shares at $16.50 each, aiming to raise approximately $75 million. The offering, which includes an option for underwriters to purchase 681,818 additional shares, is expected to close on November 17, 2022. Corsair intends to use the proceeds for general corporate purposes. A majority shareholder, EagleTree, will buy 2,121,212 shares at the same price. The press release highlights potential risks including market conditions and stock volatility.

Corsair Gaming, Inc. (NASDAQ: CRSR) has announced an underwritten public offering of $75.0 million in shares of its common stock, with an option for underwriters to purchase an additional $11.25 million. The net proceeds will be used for general corporate purposes. Notably, EagleTree, Corsair's majority shareholder, has shown interest in acquiring up to $40.0 million of shares in this offering. The offering depends on market conditions, and there are no guarantees regarding its completion or terms.

Ayar Labs has expanded its executive team, hiring Lakshmikant Bhupathi as Vice President of Products and Strategy and Scott Clark as Vice President of Manufacturing. This move aims to enhance commercial efforts for its optical I/O technology. The company also expanded its office space in the San Francisco Bay Area and opened a new office in Cambridge, Massachusetts, which will support production and product development. The new San Jose site offers significantly more clean room space to facilitate testing and validation processes, set to complete by early 2023.

Corsair Gaming, Inc. (Nasdaq: CRSR) reported financial results for Q3 2022 with net revenue of $311.8 million, up from $283.9 million in Q2 2022 but down from $391.1 million in Q3 2021. The gamer peripherals segment saw revenue of $96.8 million, while gaming components generated $214.9 million. Operating loss narrowed to $11.0 million, compared to $55.0 million loss in Q2. Adjusted EBITDA improved to a gain of $10.1 million. The company anticipates full-year revenue between $1.325 billion and $1.375 billion.

Elgato has launched the Facecam Pro, the first webcam capable of 4K video capture at 60 frames per second. It features a large Sony sensor, adjustable lens, and an advanced image processor, enabling creators to produce high-quality video without complex setups. The device supports instant recall of user settings through the Camera Hub software, integrates with NVIDIA Broadcast for AI effects, and comes with a robust monitor mount. Available globally, the Facecam Pro is aimed at content creators and professionals seeking high-end video performance.

CORSAIR (NASDAQ: CRSR) will announce its third quarter 2022 results after the Nasdaq closes on November 3, 2022. Management will host a conference call at 2:00 p.m. Pacific Time to discuss the financial results and outlook. Investors can access the call via CORSAIR's Investor Relations website or by phone. A replay will be available on their website and through a dedicated phone line until November 10, 2022.

CORSAIR (NASDAQ: CRSR) has announced a partnership with Nanoleaf to integrate their smart lighting products into the CORSAIR iCUE ecosystem. This collaboration allows users to enhance their RGB lighting experience by controlling Nanoleaf devices alongside CORSAIR's peripherals, creating a cohesive gaming environment. Key features include easy setup, customizable lighting scenes, and system temperature indicators on Nanoleaf products. This integration aims to provide a unique and immersive experience for gamers and creators.

CORSAIR (NASDAQ: CRSR) has launched the K100 AIR Wireless Mechanical Gaming Keyboard, available globally at an MSRP of $279.99. This ultra-thin keyboard, measuring just 11mm, features CHERRY MX Ultra Low Profile switches for precise keystrokes. It offers versatile connectivity options, including SLIPSTREAM WIRELESS and Bluetooth, supporting multiple devices. The keyboard boasts up to 200 hours of battery life with RGB off and is customizable via CORSAIR iCUE software. A two-year warranty and extensive support enhance its appeal.