Corsair Gaming, Inc. Stock Price, News & Analysis

Corsair Gaming, Inc. (NASDAQ: CRSR) has acquired a 51% stake in iDisplay Technology, a leader in display technology based in Taiwan. This acquisition, announced on January 5, 2022, enhances Corsair's integration of display and touch-screen technologies into its products for gamers and content creators. iDisplay, established in 1998, is known for its innovative small-form-factor displays and holds a substantial patent portfolio. This strategic move aims to leverage synergies from their existing partnership, especially in developing industry-leading products like the Elgato Stream Deck.

Corsair Gaming (NASDAQ:CRSR) has appointed Thi La and Sarah Mears Kim to its Board of Directors effective December 29, 2021. Thi La, who has been with Corsair since 2013, currently serves as President and COO, bringing extensive operational experience. Sarah Mears Kim, previously with Archipelago and ICONIQ Capital, joins as a strategic advisor with a strong background in finance and private equity. CEO Andy Paul and Board Chair George L. Majoros, Jr. expressed confidence that their expertise will enhance Corsair's growth and strategic direction in the gaming technology sector.

CORSAIR (NASDAQ: CRSR) has launched the new CORSAIR ONE i300 range of compact desktop PCs, featuring the latest 12th Gen Intel Core processors, including the Core i9-12900K. The i300 is notable for its 12-liter size, enhanced performance, and premium CORSAIR components like VENGEANCE DDR5 memory. It supports up to 64GB DDR5 memory, and incorporates advanced cooling systems. The system allows for connections to multiple 4K HDR displays and is now available from authorized retailers. It comes with a two-year warranty and is aimed at gamers and content creators looking for high-performance capabilities.

Corsair Gaming, Inc. (NASDAQ:CRSR) will host its 2022 Virtual Investor Day on January 20, 2022, from 7:00 a.m. to 9:30 a.m. Pacific Time. The event will feature presentations from CEO Andy Paul and CFO Michael G. Potter, focusing on the company's strategy, growth prospects, and long-term financial goals. Participants can access the live broadcast via Corsair’s Investor Relations website, where presentation materials and recordings will also be available for future viewing. This event underlines Corsair's commitment to transparency and investor engagement.

SCUF Gaming has launched its new line of gaming controllers, including the Reflex, Reflex Pro, and Reflex FPS, specifically designed for PlayStation 5. These controllers feature a patented paddle control system, customizable settings, and high-performance grips to enhance gameplay. The Reflex FPS model is tailored for first-person shooters with features like instant bumpers and triggers for faster response times. Starting at $199.99, these controllers are available exclusively at SCUF Gaming and aim to provide gamers with a competitive edge.

ORIGIN PC, a subsidiary of Corsair Gaming (NASDAQ: CRSR), commenced shipments of its new ORIGIN NEURON, MILLENNIUM, GENESIS, M-Class, and L-Class desktops just three weeks post-announcement. These desktops feature advanced DDR5 memory and the latest Intel Z690-chipset through partnerships with Asus and MSI. By leveraging CORSAIR’s hardware, they have sped up the development process, delivering top-performing systems to consumers ahead of the competition. With CORSAIR DDR5 production ramping up, the desktops will cater to growing demand into 2022.

Corsair Gaming, Inc. has launched the Flavor Rush K65 RGB MINI mechanical gaming keyboards, marking the debut of its CORSAIR COLLECTIONS product line.

Available exclusively on the CORSAIR webstore, these limited-edition keyboards feature four vibrant color schemes: Hint of Mint, Bubblegum Pop, Berry Wave, and Watermelon Blast.

The keyboards come with a new CORSAIR Artisan sails logo keycap and are supported by a two-year warranty. This launch sets the stage for more unique peripherals to follow under the CORSAIR COLLECTIONS theme.

Corsair Gaming (NASDAQ: CRSR) reported third-quarter financial results for the period ending September 30, 2021. Year-to-date revenue reached $1.393 billion, a 21.6% increase year-over-year, while net income stood at $76.2 million, or $0.76 per diluted share, up from $60.2 million in 2020. However, third-quarter revenue of $391.1 million marked a 14.4% decline, with net income dropping to $1.8 million from $36.4 million in the previous year. Adjusted EBITDA fell 56.6% to $27.6 million. The company indicated a positive future outlook but acknowledged challenges in logistics impacting growth.

Corsair Gaming has launched its new Dominator Platinum RGB DDR5 and Vengeance DDR5 memory lines, marking a significant upgrade to DDR5 technology. These modules support speeds up to 5,200MHz and capacities of up to 32GB per module, designed to work with the latest 12th Generation Intel® Core™ Processors and Z690 motherboards. The iCUE software allows for advanced customization and voltage regulation, enhancing performance stability. Both product lines are available immediately and come with a limited lifetime warranty.