Corsair Gaming, Inc. Stock Price, News & Analysis

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.

Corsair Gaming, Inc. (NASDAQ:CRSR) announced a revenue target of $3.5 billion by 2026 during its 2022 Virtual Investor Day. The company expects 2021 net revenue to reach approximately $1.9 billion, slightly above prior guidance. For 2022, Corsair projects net revenue between $1.9 billion and $2.1 billion. The event featured key executives discussing market opportunities in gaming hardware and the components business. The fourth quarter and full-year 2021 earnings will be released on February 8, 2022.

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.