CRSR - Elliot Wave Theory, Cycle Degree

Potentially entering wave 3 of an ascending Impulse.

Recent Earning Highlights:
In the first quarter of 2021, CRSR generated $529.4 million in net revenues, increasing 71.6% year-over-year. Its gamer and creator peripherals segment’s net revenue was $175.9 million, surging 131.9% year-over-year, while its gaming components and systems segment’s net revenue was $353.5 million, rising 51.9% year-over-year. Notably, the company introduced 29 new products during the quarter and reported a 12.7% operating margin. Its adjusted EPS came in at $0.58, surging 420.4% compared to the year-ago value of $0.13.

Recent Catalyst:
On May 13, CRSR unveiled a new model in its flagship Virtuoso family of premium gaming headsets, the Virtuoso RGB Wireless XT that connects via hyper-fast slipstream wireless and Bluetooth for simultaneous dual-wireless connections. In April, the company launched its One a200 gaming PC, powered by the new AMD Ryzen 5000-series CPU, and it’s One i200, powered by the new 11th Gen Intel Core CPU. These systems are equipped with NVIDIA’s GeForce RTX 3080 and thus raise the bar for gaming and streaming-ready compact PCs. In addition, , CRSR launched three new products in its Champion Series range of peripherals last month that are built for and tested by top eSports professionals.

Note: I always delete all other wave types after selecting which wave I am most interested in tracking.

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