sair Gaming(US:CRSR)2022-11-03 23:38New Products and Market Expansion - Corsair launched its first Gaming Laptop in August, powered by AMD Ryzen Processors and Radeon graphics, with plans to expand the range in 2023[4] - The gaming laptop category has a Total Addressable Market (TAM) of $30 billion[4] - Corsair is developing a 45" bendable OLED gaming monitor in partnership with LG Display, targeting a growing $7 billion gaming monitor market, expected to ship in Q1 2023[6] - The K100 keyboard family has been extended with a super thin, wireless model - the K100 Air[7] Market Position and Performance - Corsair is the dominant supplier of high-speed gaming memory sold to consumers in the US, with a 72% market share[8] - Corsair has a 40% market share for PSUs sold to consumers in the US to power their gaming PCs[8] - Corsair holds the number one market share position for consumer-bought gaming cases[8] - Corsair holds a dominant 42% share in the self-built gaming PC space in the US[12] Financial Results Q3 2022 - Net Revenue was $3118 million, a decrease of 203% year-over-year but an increase of 98% quarter-over-quarter[19] - Gross Profit was $716 million, a decrease of 294% year-over-year but an increase of 963% quarter-over-quarter[19] - Gross Profit Margin was 230%, a decrease of 290 bps year-over-year but an increase of 1020 bps quarter-over-quarter[19]