Corsair Gaming, Inc. Stock Price, News & Analysis

Corsair Gaming, Inc. (NASDAQ: CRSR) has launched the XENEON 32QHD165 gaming monitor, featuring a 32-inch QHD display and an ultra-slim design ideal for gaming and content creation. With up to a 165Hz refresh rate, AMD FreeSync™ Premium, and NVIDIA® G-SYNC™ compatibility, it promises smooth graphics for fast-paced games. The monitor boasts 100% sRGB and 100% Adobe RGB color accuracy, HDR400 support, and integration with CORSAIR iCUE and Elgato Stream Deck for user-friendly control. Available now, it comes with a three-year warranty and a zero dead pixel policy.

Corsair Gaming, Inc. (NASDAQ:CRSR) has unveiled the new SABRE RGB PRO WIRELESS gaming mouse, a part of its CHAMPION SERIES family. This mouse emphasizes competition performance, weighing only 79g for rapid movements and featuring a 26,000 DPI optical sensor, the highest in Corsair’s lineup. The mouse utilizes SILPSTREAM WIRELESS technology for sub-1ms input transmission and boasts up to 90 hours of battery life. Available now, it's designed with esports pros' feedback to enhance gaming experience.

Opera GX, the first browser designed specifically for gamers, has integrated CORSAIR's iCUE software, enabling dynamic interaction between the browser and CORSAIR gear. Users can customize their devices with unique effects triggered by various browser actions, enhancing the gaming experience. The recent update allows users to select from preset animations or import GIFs for personalized effects. With features like resource management tools and a dedicated Discord server, Opera GX aims to tailor the online experience for millions of gamers worldwide.

Corsair Gaming (NASDAQ:CRSR) announces the continuation of its partnership with Ubisoft for the integration of immersive RGB lighting effects in its iCUE devices with the launch of Far Cry 6 on October 7, 2021. This integration enhances gaming experiences by syncing lighting with in-game events. Corsair plans to bundle digital copies of Far Cry 6 with the purchase of eligible iCUE-compatible products. The partnership aims to elevate player immersion, building on successful integrations from previous titles like Far Cry 5.

Corsair Gaming has successfully refinanced its 2017 credit facilities with a new $350 million credit facility, which includes a $250 million term loan and a $100 million revolving line-of-credit, maturing in 2026. This refinancing is expected to save the company over $10 million in cash interest expenses from Q3 2021 through 2022. The interest rate on the new loan is significantly reduced to LIBOR plus 1.25%, down from the previous 4.75%. This move aims to strengthen Corsair's financial position and provide additional growth capital for future initiatives.

CORSAIR (NASDAQ:CRSR) has launched the HS80 RGB WIRELESS Gaming Headset, featuring industry-leading SLIPSTREAM WIRELESS technology for PC and console gamers. This headset offers 24bit audio, up to 60ft wireless range, and compatibility with PS5's Tempest 3D AudioTech. It includes a floating headband design for comfort, 20 hours of battery life, and a broadcast-grade microphone. The product is now available with a two-year warranty from CORSAIR's webstore and authorized retailers.

SCUF Gaming and Corsair Gaming have launched the SCUF Instinct and Instinct Pro controllers designed for Xbox Series X|S. These controllers feature a new ergonomic design with four programmable back paddles, adjustable Instant Triggers, and extensive customization options. The Instinct Pro includes high-performance grip and immediate trigger action, ideal for fast-paced games. Both versions are priced at $169.99 and $199.99, respectively, and are available on SCUF's website.

Corsair Gaming, Inc. (NASDAQ:CRSR) reported a record second quarter for 2021, achieving $472.9 million in net revenue, a 24.3% increase year-over-year. Key segments include gamer and creator peripherals with $155.2 million in revenue (+40.9%) and gaming components at $317.7 million (+17.6%). Gross profit reached $130.4 million, a 24.1% rise, while net income rose to $27.7 million, or $0.28 per diluted share. Despite strong results, operating income decreased 4.7%. The company anticipates full-year revenue between $1.9 billion and $2.1 billion.

Corsair Gaming, Inc. (NASDAQ:CRSR), a leading provider of high-performance gaming gear, has announced its second quarter 2021 earnings release date as August 3, 2021, before market open. A conference call will follow at 5:30 AM PT to discuss the results. Additionally, CEO Andy Paul and CFO Michael G. Potter will present at the Cowen Internet & Media Virtual Bus Tour on August 12, 2021. Corsair continues to innovate in gear for gamers and content creators across various brands including Elgato and SCUF Gaming.