$Razer(01337)$ Razer today ann-To The Moon - Tiger Brokers Online Investing Community - To The Moon

虎哥来了123

Razer today announced our FY2020 earnings. Key highlights are as follows:

COMPANY

Record high revenue of US$1.2 billion with 48.0% year-on-year growth, driven by robust demand, as well as market share gains for the Hardware business and continued exponential growth of the Services segment.

Gross profit margin improved to 22.3%, driven by improving margins in the Hardware segment and increased contribution of the higher margin Services business to the Group.

Turned profitable with GAAP net profit of US$0.8 million, ahead of all expectations, fuelled by exceptional revenue growth and productivity improvements.

Cashflow from operating activities turned positive to US$152.9 million, driven by strong operating profits, efficient working capital management and cash discipline.

Cash balance increased to over US$600 million with no debt, one of the strongest balance sheets in the industry.

CORE SEGMENT

Hardware

Revenue grew by 51.8% year-on-year to US$1,083.7 million.

Software

Total user accounts increased 53.8% year-on-year to approximately 123 million with monthly active users surging by over 68.2%.

Services

Continued to scale up and recorded 66.8% year-on-year growth in revenue to US$128.4 million, contributing 20.8% to the Group’s gross profits with a gross margin of 43.8%.

Environmental, Social and Governance (”ESG”)

Fully compliant with the Hong Kong Stock Exchange’s ESG guidelines.

The Group is going above and beyond with a focus on the environment and sustainability with its #GoGreenWithRazer initiative. For further details, please visit https://www.razer.com/go-green

OUTLOOK

We are closely monitoring the market situation in light of the ** environment and our initiatives to drive outsized revenue growth and continued profitability include:

Outsized Revenue Growth:

New Hardware product introductions

Growth of Software userbase

Further investments to scale fast-growing Services business

Continued Profitability:

Improvement of Hardware margins

Strong OPEX discipline

Expansion of higher-margin Hardware and Services as part of the revenue mix

Use of Cash:

Investments in R&D for new Hardware and development of new Services

Continued share buybacks

Investment/ M&A activities

For further details, please refer to the attached earnings release and announcement.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Key highlights are as follows:</p><p> </p><p>COMPANY</p><p>Record high revenue of US$1.2 billion with 48.0% year-on-year growth, driven by robust demand, as well as market share gains for the Hardware business and continued exponential growth of the Services segment.</p><p>Gross profit margin improved to 22.3%, driven by improving margins in the Hardware segment and increased contribution of the higher margin Services business to the Group.</p><p>Turned profitable with GAAP net profit of US$0.8 million, ahead of all expectations, fuelled by exceptional revenue growth and productivity improvements.</p><p>Cashflow from operating activities turned positive to US$152.9 million, driven by strong operating profits, efficient working capital management and cash discipline.</p><p>Cash balance increased to over US$600 million with no debt, one of the strongest balance sheets in the industry.</p><p> </p><p>CORE SEGMENT</p><p>Hardware</p><p>Revenue grew by 51.8% year-on-year to US$1,083.7 million.</p><p>Software</p><p>Total user accounts increased 53.8% year-on-year to approximately 123 million with monthly active users surging by over 68.2%.</p><p>Services</p><p>Continued to scale up and recorded 66.8% year-on-year growth in revenue to US$128.4 million, contributing 20.8% to the Group’s gross profits with a gross margin of 43.8%.</p><p> </p><p>Environmental, Social and Governance (”ESG”)</p><p>Fully compliant with the Hong Kong Stock Exchange’s ESG guidelines.</p><p>The Group is going above and beyond with a focus on the environment and sustainability with its #GoGreenWithRazer initiative. 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Key highlights are as follows:</p><p> </p><p>COMPANY</p><p>Record high revenue of US$1.2 billion with 48.0% year-on-year growth, driven by robust demand, as well as market share gains for the Hardware business and continued exponential growth of the Services segment.</p><p>Gross profit margin improved to 22.3%, driven by improving margins in the Hardware segment and increased contribution of the higher margin Services business to the Group.</p><p>Turned profitable with GAAP net profit of US$0.8 million, ahead of all expectations, fuelled by exceptional revenue growth and productivity improvements.</p><p>Cashflow from operating activities turned positive to US$152.9 million, driven by strong operating profits, efficient working capital management and cash discipline.</p><p>Cash balance increased to over US$600 million with no debt, one of the strongest balance sheets in the industry.</p><p> </p><p>CORE SEGMENT</p><p>Hardware</p><p>Revenue grew by 51.8% year-on-year to US$1,083.7 million.</p><p>Software</p><p>Total user accounts increased 53.8% year-on-year to approximately 123 million with monthly active users surging by over 68.2%.</p><p>Services</p><p>Continued to scale up and recorded 66.8% year-on-year growth in revenue to US$128.4 million, contributing 20.8% to the Group’s gross profits with a gross margin of 43.8%.</p><p> </p><p>Environmental, Social and Governance (”ESG”)</p><p>Fully compliant with the Hong Kong Stock Exchange’s ESG guidelines.</p><p>The Group is going above and beyond with a focus on the environment and sustainability with its #GoGreenWithRazer initiative. For further details, please visit https://www.razer.com/go-green</p><p> </p><p>OUTLOOK</p><p>We are closely monitoring the market situation in light of the ** environment and our initiatives to drive outsized revenue growth and continued profitability include:</p><p>Outsized Revenue Growth:</p><p>New Hardware product introductions</p><p>Growth of Software userbase</p><p>Further investments to scale fast-growing Services business</p><p>Continued Profitability:</p><p>Improvement of Hardware margins</p><p>Strong OPEX discipline</p><p>Expansion of higher-margin Hardware and Services as part of the revenue mix</p><p>Use of Cash:</p><p>Investments in R&amp;D for new Hardware and development of new Services</p><p>Continued share buybacks</p><p>Investment/ M&amp;A activities</p><p> </p><p>For further details, please refer to the attached earnings release and announcement.</p></body></html>","text":"$Razer(01337)$ Razer today announced our FY2020 earnings. Key highlights are as follows: COMPANY Record high revenue of US$1.2 billion with 48.0% year-on-year growth, driven by robust demand, as well as market share gains for the Hardware business and continued exponential growth of the Services segment. Gross profit margin improved to 22.3%, driven by improving margins in the Hardware segment and increased contribution of the higher margin Services business to the Group. Turned profitable with GAAP net profit of US$0.8 million, ahead of all expectations, fuelled by exceptional revenue growth and productivity improvements. Cashflow from operating activities turned positive to US$152.9 million, driven by strong operating profits, efficient working capital management and cash discipline. Cash balance increased to over US$600 million with no debt, one of the strongest balance sheets in the industry. CORE SEGMENT Hardware Revenue grew by 51.8% year-on-year to US$1,083.7 million. Software Total user accounts increased 53.8% year-on-year to approximately 123 million with monthly active users surging by over 68.2%. Services Continued to scale up and recorded 66.8% year-on-year growth in revenue to US$128.4 million, contributing 20.8% to the Group’s gross profits with a gross margin of 43.8%. Environmental, Social and Governance (”ESG”) Fully compliant with the Hong Kong Stock Exchange’s ESG guidelines. The Group is going above and beyond with a focus on the environment and sustainability with its #GoGreenWithRazer initiative. For further details, please visit https://www.razer.com/go-green OUTLOOK We are closely monitoring the market situation in light of the ** environment and our initiatives to drive outsized revenue growth and continued profitability include: Outsized Revenue Growth: New Hardware product introductions Growth of Software userbase Further investments to scale fast-growing Services business Continued Profitability: Improvement of Hardware margins Strong OPEX discipline Expansion of higher-margin Hardware and Services as part of the revenue mix Use of Cash: Investments in R&D for new Hardware and development of new Services Continued share buybacks Investment/ M&A activities For further details, please refer to the attached earnings release and announcement.","highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/351318973","repostId":0,"isVote":1,"tweetType":1,"viewCount":646,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["01337"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1981,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/351318973"}