Logitech International S.A. reports developments tied to its software-enabled hardware business for work, creation and gaming. News commonly covers financial results, capital allocation through share buybacks and dividends, and product introductions across keyboards, mice, webcams, conference room cameras, headsets and related accessories.
Company updates also feature the Logitech G gaming business, including gaming keyboards and performance peripherals, as well as education and productivity accessories such as Rugged Combo keyboard cases for iPad. Other recurring items include management appointments, board-approved capital actions and disclosures from Logitech's Swiss public-company structure and Nasdaq-listed registered shares.
Logitech International (SIX: LOGN, Nasdaq: LOGI) reported Q3 Fiscal Year 2022 results, showing a 2% decline in sales to $1.63 billion year-over-year, maintaining near-record levels. Despite a 41% drop in GAAP operating income to $263 million and a 44% decrease in GAAP EPS to $1.24, Logitech raised its FY 2022 guidance, projecting 2-5% sales growth and $850-$900 million in non-GAAP operating income. Key categories, including Keyboards and Gaming, saw significant growth. Logitech returned $450 million to shareholders year-to-date.
Logitech (NASDAQ: LOGI) has announced an upgrade to its Sync device management platform, catering to the needs of the hybrid workforce. With newfound compatibility for personal collaboration devices like webcams and headsets, IT can now manage conference rooms and workstations from a single interface. The growing trend of remote work has introduced challenges for IT, making this enhancement crucial. The updated platform offers features such as remote firmware updates, user personalization, and insights into meeting room occupancy to drive informed decision-making.
Logitech has launched the Logitech Pen, a digital stylus designed for K-12 students using touch screen Chromebooks. This stylus supports Universal Stylus Initiative (USI) standards and is Works With Chromebook certified. It features a comfortable grip, 4,096 levels of pressure sensitivity, and is liquid spill-proof with military-grade drop protection. The Logitech Pen enhances student engagement through active learning, allowing for note-taking and sketching. Priced at $64.99, it will be available from January 2022.
Logitech For Creators has launched Litra Glow, a premium streaming light featuring TrueSoft technology. This innovative lighting solution offers balanced, full-spectrum LED light with cinematic color accuracy, ensuring creators look their best. The light is designed to combat common streaming challenges such as harsh shadows and eye fatigue, making it ideal for long hours on camera. Litra Glow is user-friendly, with adjustable brightness and color temperature settings, and is priced at US$59.99. It is available in the US, Canada, Australia, and select European countries.
Logitech has launched the Signature M650 Wireless Mouse, available in two sizes and a left-handed option, designed for enhanced comfort and productivity. Key features include SmartWheel scrolling, SilentTouch technology for quieter clicks, and a battery life of up to two years. The mouse is made with post-consumer recycled plastic, demonstrating Logitech's commitment to sustainability. Priced at $39.99, it is compatible with various operating systems and aims to significantly improve the user experience for knowledge workers.
Logitech International (SIX: LOGN, Nasdaq: LOGI) will announce its quarterly financial results on January 24, 2022 at 9:00 PM EST and January 25, 2022 at 3:00 AM CET. A videoconference will take place on January 25, 2022 at 8:30 AM EST, with a livestream available on the Logitech corporate website. Logitech focuses on designing products for computing, gaming, and music, striving to enhance user experiences and foster creativity.
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GameChanger, by DICK'S Sporting Goods, has announced an integration with Mevo, enhancing its youth sports app for live video streaming and team management. Users can now stream 1080p HD video from Mevo Start cameras through the GameChanger app with just one tap. This integration follows GameChanger's expansion into seven new sports, adding over 15,000 basketball teams since October. Since launching live streaming in January 2021, over 300,000 games have been streamed, solidifying GameChanger's position as a leader in youth sports streaming.
Logitech G has launched the new G303 Shroud Edition Wireless Gaming Mouse, designed in collaboration with gaming streamer shroud. This remastered mouse features enhancements aligned with shroud's specifications, including an updated shape, repositioned buttons, and improved battery life at 145 hours. Weighing just 75 grams, it offers ultra-low latency and is equipped with the HERO 25K Sensor for exceptional precision. Priced at $129.99, it will be available from October 2021.
ASTRO Gaming has partnered with NBA star Devin Booker, making him their newest brand ambassador. The collaboration includes hosted livestreams, with the first on November 18, where Booker will unveil a custom-designed A40 Glow-in-the-Dark headset. The headset will be available through a giveaway and an auction benefiting Booker's Starting Five charity. Booker, recognized as a skilled gamer, aims to elevate awareness of gaming and eSports.