sair Gaming(CRSR)

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sair Gaming(CRSR) - 2023 Q4 - Earnings Call Presentation
2024-02-13 23:28
IN CORSAIR Forward Looking Statements Non-GAAP Financial Measures This presentation also contains estimates and other statistical data made by independent parties and by the Company relating to the Company's industry, the Company's business and the market for the Company's products and its future growth. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. In addition, projections, assumptions, and estimates of the Company's future per ...
2 Stocks to Buy From a Promising Gaming Industry
Zacks Investment Research· 2024-02-06 16:00
The Zacks Gaming industry is experiencing an upside thanks to increased visitation and spending per visit, especially from younger demographics. Favorable developments in Macau's gaming revenues are playing a significant role in driving the sector forward. Also, strong demand for sports betting is contributing to the industry's positive trends. Stocks like Corsair Gaming, Inc. (CRSR) and Golden Entertainment, Inc. (GDEN) will likely gain traction from this upbeat demand.Industry Description The Zacks Gaming ...
Corsair to move Origin PC production to its Atlanta Facility
Businesswire· 2024-02-02 14:00
The move follows the successful completion of the state-of-the-art Corsair facility in Taiwan, now in full production and capable of delivering personalized game controllers globally. Corsair’s Atlanta facility has also undergone expansion to add capacity for production and warehousing, providing a strategic opportunity for Origin’s and all other Corsair’s products to scale. “We’re incredibly excited about the expansion of customization and personalization capability in our portfolio," said Andy Paul, CEO, ...
Drop Expands Fully Customizable Keyboard Series with the New CSTM65 Keyboard
Prnewswire· 2024-01-30 14:00
Drop CSTM Series takes personalization to the next level with interchangeable magnetic cases in a variety of designs and materialsSAN FRANCISCO, Jan. 30, 2024 /PRNewswire/ -- Drop, the leading community-driven mechanical keyboard brand, today launched the CSTM65 keyboard – a 65% mechanical keyboard that provides a compact canvas for personalization. On the heels of launching the CSTM80, the CSTM65 is the newest addition to Drop's CSTM line of highly customizable keyboards that offer a superior typing and cu ...
Corsair Gaming to Report Q4 2023 Financial Results on February 13
Businesswire· 2024-01-25 12:00
MILPITAS, Calif.--(BUSINESS WIRE)--Corsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair” or the “Company”), a leading global provider and innovator of high-performance gear for gamers, streamers, content-creators, and gaming PC builders, today announced it will release its fourth quarter and full year 2023 results and financial outlook after the Nasdaq close on Tuesday, February 13, 2024, with its management hosting a conference call to discuss results at 2:00 p.m. Pacific Time that same day. The 2:00 p.m. Pacifi ...
Corsair (CRSR) Expands Portfolio With New A115 Air Cooler
Zacks Investment Research· 2024-01-17 18:41
Corsair Gaming, Inc. (CRSR) launched an addition to its CPU cooling lineup, A115 High-Performance Tower CPU Air Cooler.The availability and pricing about this new top-tier air cooler can be obtained from the company’s webstore, and the respective area’s network of authorized retailers and distributors.The new A115 air cooler aims to control high temperatures generated by the latest processors. Also, this efficiently engineered air cooler houses innovative features that make installation and adjustment prett ...
CORSAIR Launches the New A115 High-Performance Tower CPU Air Cooler
Businesswire· 2024-01-16 15:18
At the heart of CORSAIR's A115 High-Performance Tower CPU Air Cooler are six 6mm heat pipes and a high-efficiency copper cold plate, capable of handling CPUs with up to 270W TDP. The slightly convex shape of the cold plate optimizes contact with the CPU, ensuring maximum thermal transfer and stability. After absorbing heat, 90 nickel-plated cooling fins provide a substantial 1.69m² surface area for rapid heat dissipation. "Our customers have been clamoring for a new CORSAIR air cooler, and we’ve heard them ...
Corsair Announces Support for Nvidia's New Super GPUs
Businesswire· 2024-01-08 17:01
MILPITAS, Calif.--(BUSINESS WIRE)--Corsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair” or the “Company”), a leading global provider and innovator of high-performance gear for gamers, streamers, content-creators, and gaming PC builders, today announces full support for Nvidia's RTX 4080 Super, RTX 4070 Ti Super, and RTX 4070 Super graphics cards with its latest power supply ranges. These new GPUs offer impressive performance boosts, particularly when using AI-powered DLSS 3.0, making it a great time for enthusia ...
sair Gaming(CRSR) - 2023 Q3 - Earnings Call Transcript
2023-11-08 00:01
Financial Data and Key Metrics Changes - Q3 2023 revenue was $363.2 million, a 16.5% increase from $311.8 million in Q3 2022 [6][56] - Adjusted net income for Q3 2023 improved to $13.4 million or $0.13 per diluted share, compared to $7.6 million or $0.08 per share in Q3 2022 [19][70] - Gross margin increased to 24.6% in Q3 2023 from 23% in Q3 2022 [61][53] - Adjusted EBITDA for Q3 2023 rose to $23 million from $10.1 million in Q3 2022 [63][72] Business Line Data and Key Metrics Changes - Gaming components and systems segment revenue was $272.8 million in Q3 2023, up 26.9% from $214.9 million in Q3 2022 [57] - Memory products revenue increased to $131.7 million in Q3 2023 from $115.2 million in Q3 2022 [57] - Gamer and creator peripheral segment revenue decreased to $90.4 million in Q3 2023 from $96.8 million in Q3 2022 [60] Market Data and Key Metrics Changes - European markets contributed approximately 36.5% of total revenues, up from 32.3% in Q2 2023, although they remain softer than the Americas [56] - The overall gaming hardware market is expected to resume growth, with current activity levels elevated compared to pre-pandemic [55] Company Strategy and Development Direction - The company is focusing on integrating the Drop acquisition to enhance revenue synergies and expects to turn positive EBITDA in 2024 [73][23] - New product launches, including the Elgato Marketplace, are aimed at enriching user experience and driving sales [54][55] - The company plans to target new product categories such as sim racing and mobile gaming in the future [87] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer markets are softer in 2023, but gaming hardware spending remains elevated compared to pre-pandemic levels [9] - The company anticipates a strong holiday season, with retail channels stocking up in preparation [67] - Management expects to see growth in the gaming peripherals market by 2025 and 2026, returning to traditional growth rates [41] Other Important Information - The company ended Q3 with a cash balance of $147.8 million and reduced debt to $223.8 million [20][64] - The company is maintaining a direct-to-consumer revenue mix of about 10% and aims to increase it to over 15% [84] Q&A Session Summary Question: Can you provide more details on the Drop integration and synergies? - Management indicated that most synergies will come from revenue expansion rather than cost savings, with expectations for positive EBITDA in 2024 [14] Question: What is the outlook for the holiday season and promotional environment? - Management expressed confidence in a strong holiday season, noting that the promotional environment has normalized compared to earlier in the year [76] Question: How does the refresh cycle differ between components and peripherals? - Management stated that systems typically have a refresh cycle of three to five years, while peripherals are more like three years, with some lower-end products refreshing in as little as 18 months [91] Question: What are the expectations for D2C revenues with the Drop acquisition? - Management expects a small positive effect on D2C revenues from the Drop acquisition, maintaining a current mix of about 10% [84] Question: What are the new product categories being targeted? - Management highlighted sim racing and mobile gaming as potential new product categories for future launches [87]
sair Gaming(CRSR) - 2023 Q3 - Earnings Call Presentation
2023-11-07 23:05
| --- | --- | |-------|-------| | | | | | | | | | | | | DISCLAIMER Forward Looking Statements This presentation contains forward looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the Company's results may differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not ...