CRSR Corsair Gaming analysis

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Corsair Gaming CRSR is a leading global provider and innovator of high-performance gear for gamers and content creators and in my view it is currently undervalued.

Their products are extremely popular in Southeast Asia and are the favourite choice for CPU liquid cooling, quality cases, memory and recently even quality fans, that can be customised with fantastic iCUE software. The company constantly adds new products to their portfolio.

The company also acquired Elgato Gaming, which provides technology for content creators, such as cameras, microphones, stream decks and even lighting, mounts and green screens. Elgato recently launched Facecam, a New Premium Webcam, Alongside Four More New Products for Content Creators. The quality of the product combined with the entire ecosystem is a major threat to LOGI webcam business.

First Quarter 2021 Highlights are really impressive:
  • Net revenue was $529.4 million, an increase of 71.6% year-over-year. Gamer and creator peripherals segment net revenue was $175.9 million, an increase of 131.9% year-over-year. Gaming components and systems segment net revenue was $353.5 million, an increase of 51.9% year-over-year.
  • Gross profit was $160.3 million, an increase of 103.9% year-over-year, with gross margin of 30.3%, an improvement of 480 basis points year-over-year. Gamer and creator peripherals segment gross profit was $68.9 million, an increase of 211.1% year-over-year. Gaming components and systems segment gross profit was $91.5 million, an increase of 61.9% year-over-year.
  • Operating income was $67.3 million, an increase of 404.5% year-over-year.
  • Adjusted operating income was $80.4 million, an increase of 221.4% year-over-year.


Disclaimer: The information is not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort.
Anmerkung
A growing gamer population is fueling esports. The global esports market is expected to grow at a CAGR of 11.1% from 2019-2024. Over 40 million active gaming channels and, globally, there were over 100 billion hours of gaming content watched on YouTube in 2020.
EarningsFundamental AnalysisGrowth

My opinions and other information shared is not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort.
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