Corsair's Elgato Launches Must-Have Game Capture Solution to Meet Demand Surge
Offering exciting new features and enhancements, Elgato's Game Capture 4K S builds on Elgato's bestselling capture card HD60 X, and the company's history of innovation, including setting the standard with the launch of the market's first capture card specifically for gamers back in 2012.
Elgato's 4K S gives players a premium plug-and-play path to recording or streaming cinematic 4K60 gameplay, while the source is docked. 4K S also continues Elgato's commitment to iPadOS compatibility, enabling creators to capture directly to iPad models with a USB-C port.
Elgato's Game Capture 4K S – Key Features and Highlights:
Cinematic Real-Time Capture : Records in stunning 4K60 quality with zero-latency passthrough and ultra-low preview delay (as low as 30ms).
: Records in stunning 4K60 quality with zero-latency passthrough and ultra-low preview delay (as low as 30ms). High Frame Rate Support : Capture up to 1440p120 and 1080p240 for smooth, high-speed gameplay - perfect for competitive titles.
: Capture up to 1440p120 and 1080p240 for smooth, high-speed gameplay - perfect for competitive titles. Pro Performance, Compact Design : Features HDR10 passthrough (up to 4K60), HDR10 capture (up to 1080p60), VRR support, and analog audio input in a slim USB-C form factor.
: Features HDR10 passthrough (up to 4K60), HDR10 capture (up to 1080p60), VRR support, and analog audio input in a slim USB-C form factor. Wide Compatibility : Plug-and-play with Windows 11, macOS 13, and iPadOS 18. Fully UVC compliant for seamless use with OBS, Streamlabs, Zoom, TikTok Live Studio, and more.
: Plug-and-play with Windows 11, macOS 13, and iPadOS 18. Fully UVC compliant for seamless use with OBS, Streamlabs, Zoom, TikTok Live Studio, and more. New Elgato Studio App : Includes low-latency preview, minimal system load, and tools like a snapshot feature for social media and thumbnail creation.
: Includes low-latency preview, minimal system load, and tools like a snapshot feature for social media and thumbnail creation. Availability & Pricing: Available now for $159.99 on the Elgato webstore. Includes a two-year warranty and CORSAIR global support.
Thi La, Chief Executive Officer of Corsair, said, 'Our new 4K S is a game-changer for both professional and aspiring content creators. With cinematic 4K60 capture, ultra-low latency preview, and support for high frame rates up to 1080p240, it delivers the performance and visual fidelity today's gamers and streamers demand. Its plug-and-play compatibility across Windows, macOS, and iPadOS, along with seamless integration with OBS, Streamlabs, and TikTok Live Studio, makes it one of the most versatile capture solutions available. We're proud to launch this breakthrough product as we continue to execute on our commitment to innovation, creator empowerment, and long-term growth.'
About Elgato
Elgato is a world leader in online audiovisual technology, empowering content creators and digital professionals to transform their ideas into immersive, impactful experiences. From award-winning cameras, microphones, and lighting to control surfaces, capture cards, and studio mounts, Elgato sets industry benchmarks that shape the status quo of digital storytelling. Backed by parent company CORSAIR (Nasdaq: CRSR), the brand leverages a strong global distribution network and consistent product innovation to deliver sustained growth. A trusted name in a rapidly expanding market, Elgato drives value for both creators and investors through its commitment to excellence and forward-thinking strategy.
About Corsair Gaming
Corsair (Nasdaq: CRSR) is a leading global developer and manufacturer of high-performance products and technology for gamers, content creators, and PC enthusiasts. From award-winning PC components and peripherals to premium streaming equipment and smart ambient lighting, Corsair delivers a full ecosystem of products that work together to enable everyone, from casual gamers to committed professionals, to perform at their very best. Corsair also sells products under its Fanatec brand, the leading end-to-end premium Sim Racing product line; Elgato brand, which provides premium studio equipment and accessories for content creators; SCUF Gaming brand, which builds custom-designed controllers for competitive gamers; Drop, the leading community-driven mechanical keyboard brand; and ORIGIN PC brand, a builder of custom gaming and workstation desktop PCs.
Forward-Looking Statements
This press release contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the refinancing supporting the Company's growth plan and providing it flexibility to act on growth investments. Forward-looking statements are based on our management's beliefs, as well as assumptions made by, and information currently available to them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: the Company's limited operating history, which makes it difficult to forecast the Company's future results of operations; current macroeconomic conditions, including the impacts of high inflation and risk of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, policies, and agreements and the imposition of tariffs that affect our products or operations, including potential new tariffs that may be imposed on U.S. imports and our ability to mitigate; the Company's ability to build and maintain the strength of the Company's brand among gaming and streaming enthusiasts and ability to continuously develop and successfully market new products and improvements to existing products; the introduction and success of new third-party high-performance computer hardware, particularly graphics processing units and central processing units as well as sophisticated new video games; fluctuations in operating results; the loss or inability to attract and retain key management; the impacts from geopolitical events and unrest; delays or disruptions at the Company or third-parties' manufacturing and distribution facilities; and the other factors described under the heading 'Risk Factors' in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission ('SEC') and our subsequent filings with the SEC. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect future events or circumstances.
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Luminar Reports Q2'25 Financials
ORLANDO, Fla.--(BUSINESS WIRE)--Today, Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the second quarter of 2025. These results and related commentary were published in a Presentation available on its Investor Relations website at 'We took decisive steps this quarter to deliver on our customer commitments, advance Halo as the foundation of our future, and sharpen our focus on near-term revenue and profit opportunities beyond automotive in commercial markets,' said Paul Ricci, CEO of Luminar. 'We're also streamlining our business, exiting non-core areas, and focusing intensely on key operational milestones. We believe these actions set the stage for a stronger, leaner Luminar better positioned to deliver sustainable growth and long-term value.' Key Q2 2025 Financials: Revenue: Q2 Revenue was $15.6 million, down 5% compared to Q2'24, and 17% compared to Q1'25, consistent with guidance for revenue to be lower QoQ. Gross Loss: Q2 Gross Loss was $(12.4) million on a GAAP basis and $(10.8) million on a non-GAAP basis. Net Loss: Q2 GAAP Net Loss was $(30.5) million, or $(0.62) per share; Q2 Non-GAAP Net Loss was $(73.1) million, or $(1.49) per share. Operating Expenses: Q2 OpEx was $(27.1) million on a GAAP basis and $47.0 million on a non-GAAP basis. Cash & Marketable Securities: Ended Q2'25 with $107.6 million in Cash & Marketable Securities. This excludes our $50 million line of credit that remains undrawn, $180 million remaining under the equity financing program and $165 million of convertible preferred facility as of Q2'25. Business Milestones: Luminar outlined the following business milestones for the next several quarters. ASIC tape-out for Halo by end of Q4'25 High-volume production line live in Thailand by end of Q4'25 Low-volume Halo prototype line launch by end of Q1'26 Halo B-sample delivery by end of Q2'26 Financial Outlook: Luminar is revising elements of its FY 2025 financial guidance to reflect updated expectations of vehicle production ramps in 2H'25 and the winding down of non-core business, including a data contract and the insurance initiative. Shipments: Sensor shipment of 20 thousands to 23 thousands for FY'25 (down from 30 thousands to 33 thousands previously) Revenue: FY'25 total revenue of $67 million to $74 million due to lower shipment assumption and lower revenue associated with the winding-down of non-core data contract (down from implied range of $82 million to $90 million previously) Gross Loss: Non-GAAP Gross Loss in range of $(5) million to $(10) million per quarter through FY'25, on average, though likely towards higher-end of the range due to wind-down of high-margin data contract (unchanged) Operating Expenses: Non-GAAP quarterly operating expenses to reach low ~$30 million range by YE'25 (unchanged) Cash & Marketable Securities: YE'25 Cash & Marketable Securities of $80 million to $100 million . This excludes the $50 million line of credit that remains undrawn as well as the availability on the equity finance program ($180 million as of Q2'25) and convertible preferred facility ($165 million). This compares to > $100 million from prior outlook, excluding the $50 million line of credit. Q3'25: We expect Q3 revenue in the range of $17 million to $19 million Webcast Details: What: Webcast featuring second quarter 2025 financials, business update, and live Q&A Date: Today, August 12, 2025 Time: 5:00 p.m. EDT (2:00 p.m. PDT) Location: The webcast will be available live on Luminar's Investor site at A recording will be available following the conclusion of the webcast. Non-GAAP Financial Measures This release includes non-GAAP gross loss, non-GAAP net loss, non-GAAP operating expenses, non-GAAP cost of sales and free cash flow, which are non-GAAP financial measures, for the periods presented. These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with generally accepted accounting principles ('GAAP') and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Management believes that these non-GAAP financial measures, when considered together with our financial information prepared in accordance with GAAP, can enhance investors' and analysts' ability to meaningfully compare our results from period to period and to our forward-looking guidance, and to identify operating trends in our business. However, non-GAAP information is not superior to financial measures calculated in accordance with GAAP, is presented for supplemental informational purposes only, has limitations as an analytical tool and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. A reconciliation of the most comparable GAAP financial measure to each non-GAAP financial measure appearing in this release is included at the end of this press release. A reconciliation of non-GAAP gross loss and non-GAAP operating expenses for fiscal 2025 to a corresponding GAAP financial guidance measure is not available on a forward-looking basis because the Company is not able to present the various reconciling cash and non-cash items between each forward-looking non-GAAP measure without unreasonable effort. In particular, stock-based compensation expense is impacted by the Company's future hiring and retention needs, as well as the future fair market value of its common stock, all of which is difficult to predict and is subject to change. The actual amount of these expenses during the second half of fiscal 2025 will have a significant impact on the Company's future GAAP financial results. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as 'aims,' 'believe,' 'may,' 'will,' 'estimate,' 'set,' 'continue,' 'towards,' 'anticipate,' 'intend,' 'expect,' 'should,' 'would,' 'forward,' and similar expressions, express or implied, that predict or indicate future events or trends or that are not statements of historical matters. The forward-looking statements include statements relating to the outlook for 2025, including revenue outlook for the third quarter and FY 2025, the availability of liquidity resources, sensor shipments, gross loss and operating expense outlook for FY 2025, and expectations regarding the development and commercialization of Luminar Halo. Forward-looking statements are based on expectations and assumptions by our management and involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those stated, including that next-generation sensors and software will be developed successfully or will accelerate automaker adoption, that new automaker agreements will develop successfully into product launches, that per unit sensor economics will be improved, and that cost reduction efforts, including efforts to reduce the cost of industrialization, will continue to result in improved operational and financial efficiency. More information on these risks and other potential factors that could affect the Company's business is included in the Company's periodic filings with the SEC, including in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of the Company's reports on Form 10-K and Form 10-Q, including the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC and subsequent reports filed with the SEC. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date they are made. About Luminar: Luminar is a global technology company advancing safety, security and autonomy across automotive, commercial, and defense sectors. Its proprietary LiDAR hardware, software, semiconductor and photonics technologies have been developed in-house to meet the demanding performance and scalability requirements of applications spanning passenger vehicles, trucking, logistics, industrial, security, and more. With series production underway and commercial traction across industries, Luminar is uniquely positioned to deliver the next generation of advanced, mission-critical LiDAR and photonics solutions. For more information, please visit LUMINAR TECHNOLOGIES, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Operations (In thousands, except share and per share data) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, Revenue: Products $ 11,967 $ 15,739 $ 24,939 $ 31,041 Services 3,667 712 9,581 6,378 Total revenue 15,634 16,451 34,520 37,419 Cost of sales: Products 24,124 19,969 46,954 44,476 Services 3,937 10,162 8,093 17,078 Total cost of sales 28,061 30,131 55,047 61,554 Gross loss (12,427 ) (13,680 ) (20,527 ) (24,135 ) Operating expenses: Research and development 39,328 65,850 77,616 133,600 Sales and marketing 5,297 12,140 10,201 26,655 General and administrative (18,753 ) 29,790 2,163 62,839 Restructuring costs 1,180 6,262 1,244 6,262 Total operating expenses 27,052 114,042 91,224 229,356 Loss from operations (39,479 ) (127,722 ) (111,751 ) (253,491 ) Other income (expense), net: Change in fair value of private warrants — 163 — 985 Interest expense (12,255 ) (2,757 ) (24,576 ) (5,514 ) Interest income 1,269 2,519 3,036 5,949 Gain on extinguishment of debt 15,281 — 22,056 — Gain (loss) from acquisition of EM4, LLC ('EM4') — — (48 ) 1,752 Gain from Sale of Investments 2,908 — 2,908 — Change in fair value of derivative liability 8,991 — 5,320 — Losses and impairments related to investments and certain other assets, and other income (expense) 536 (3,376 ) (238 ) (5,981 ) Total other income (expense), net 16,730 (3,451 ) 8,458 (2,809 ) Loss before provision for (benefit from) income taxes (22,749 ) (131,173 ) (103,293 ) (256,300 ) Provision for (benefit from) income taxes 150 (566 ) 297 21 Net loss (22,899 ) (130,607 ) (103,590 ) (256,321 ) Less: Deemed dividend on Series A preferred stock 7,602 — 7,602 — Net loss attributable to common stockholders $ (30,501 ) $ (130,607 ) $ (111,192 ) $ (256,321 ) Net loss per share attributable to common stockholders: Basic and diluted $ (0.62 ) $ (4.32 ) $ (2.44 ) $ (8.76 ) Weighted average shares used in computing net loss per share attributable to common stockholders: Basic and diluted 49,087,995 30,242,540 45,608,362 29,274,792 Expand LUMINAR TECHNOLOGIES, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) Six Months Ended June 30, 2025 2024 Cash flows from operating activities: Net loss $ (103,590 ) $ (256,321 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 8,772 14,458 Amortization of operating lease right-of-use assets 3,446 4,230 Amortization of discount on marketable securities (983 ) (1,278 ) Loss on marketable securities 90 1,976 Change in fair value of private warrants — (985 ) Vendor stock in lieu of cash program 5,694 8,448 Amortization of debt discount and issuance costs 3,848 1,618 Inventory write-offs and write-downs 3,426 17,806 Change in the fair value of derivatives (5,320 ) — Gain or write-off on sale or disposal of property and equipment 238 — Share-based compensation, including restructuring costs (1,277 ) 83,019 Gain on extinguishment of debt (22,056 ) — Impairment of investments — 4,000 Gain (loss) from acquisition of EM4 48 (1,752 ) Change in product warranty and other 4,657 (2,758 ) Changes in operating assets and liabilities: Accounts receivable (4,185 ) (4,563 ) Inventories (6,863 ) (16,098 ) Prepaid expenses and other current assets 11,609 (1,793 ) Other non-current assets 17,778 (2,915 ) Accounts payable 9,354 (1,877 ) Accrued and other current liabilities (7,069 ) 916 Other non-current liabilities (15,571 ) (5,067 ) Net cash used in operating activities (97,954 ) (158,936 ) Cash flows from investing activities: Purchases of marketable securities (54,154 ) (75,051 ) Proceeds from maturities of marketable securities 80,760 112,242 Proceeds from sales/redemptions of marketable securities 14,490 3,737 Purchases of property and equipment (226 ) (1,586 ) Acquisition of EM4 (net of cash acquired) 242 (3,831 ) Proceeds from disposal of property and equipment 305 — Net cash provided by investing activities 41,417 35,511 Cash flows from financing activities: Net proceeds from issuance of Class A common stock under the Equity Financing Program 21,461 35,903 Proceeds from sale of Class A common stock under ESPP 338 800 Proceeds from exercise of stock options — 407 Payments of employee taxes related to stock-based awards (196 ) (216 ) Repurchase of 2026 Convertible Notes (30,297 ) — Proceeds from issuance of Series A preferred stock, net of issuance costs, discount and commitment fees 31,415 — Net cash provided by financing activities 22,721 36,894 Net decrease in cash, cash equivalents and restricted cash (33,816 ) (86,531 ) Beginning cash, cash equivalents and restricted cash 84,722 140,624 Ending cash, cash equivalents and restricted cash $ 50,906 $ 54,093 Expand LUMINAR TECHNOLOGIES, INC. 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AND SUBSIDIARIES Reconciliation of GAAP Operating Expenses to Non-GAAP Operating Expenses (In thousands) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, GAAP operating expenses $ 27,052 $ 114,042 $ 91,224 $ 229,356 Non-GAAP adjustments: Stock-based compensation 22,007 (36,781 ) 3,870 (77,851 ) Impairment of investments — (4,000 ) — (4,000 ) Restructuring costs (1,180 ) (6,262 ) (1,244 ) (6,262 ) Amortization of intangible assets (866 ) (834 ) (1,669 ) (1,668 ) Transaction costs relating to acquisition activities — (1 ) — (232 ) Non-GAAP operating expenses $ 47,013 $ 66,164 $ 92,181 $ 139,343 Expand LUMINAR TECHNOLOGIES, INC. 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Business Wire
6 minutes ago
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Phreesia Named to the 2025 Capterra Shortlist for Patient Engagement and Medical Scheduling
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Leonardo DRS Successfully Completes First Open-Water Demonstration of its Counter-UAS Maritime Mission Equipment Package for Small Uncrewed Surface Vessels
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that is has successfully completed its first series of open-water demonstrations of its advanced maritime Mission Equipment Package (MEP) for counter‑UAS (C‑UAS) naval fleet protection. By leveraging our proven expertise in mobile ground-based counter-UAS systems, we have rapidly developed and demonstrated a maritime force protection capability that provides sailors with full-spectrum situational awareness. Share The DRS maritime MEP is a scalable C-UAS system based on DRS's proven land-based mobile short-range air defense and C-UAS systems. This system is designed to be mounted on a range of small uncrewed surface vessels providing remote ship protection at varying distances, providing a real solution as the Navy looks to autonomous surface vessels to protect ships from air and surface threats. The initial demonstrations were conducted under realistic sea conditions and demonstrated the MEP's core integrated systems performance – the detection, identification and tracking of a UAS threat and counter-surface ship tracking. The mission equipment package used in the demonstration included a suite of DRS sensors and command-and-control technologies including the BlackLab passive radio frequency (RF) detection system, STAG electro-optic/infrared (EO/IR) gimbal with advanced thermal cameras, and a tactical data management system using DRS's sensor fusion operating system and AI to support fusion and target recognition using RF and Optical modalities. "The U.S. Navy faces the same evolving drone threats as our land forces, and we recognize the urgency of delivering a reliable solution to protect the lives of sailors,' said Cari Ossenfort, senior vice president and general manager of the Leonardo DRS Naval Electronics business unit. 'By leveraging our proven expertise in mobile ground-based counter-UAS and short-range air defense systems, we have rapidly developed and demonstrated a maritime force protection capability that provides sailors with full-spectrum situational awareness and the tools to detect, track, and defeat threats at the tactical edge.' The DRS Maritime MEP is designed for mission-flexibility through modularity and platform agnosticism. It is able to integrate advanced active and passive RF, EO/IR sensors, 4G/5G electronic‑warfare systems, and scalable kinetic or non‑kinetic effectors using its MOSA open system architecture embedded in the Leonardo DRS operating system. The development and integration of the maritime Mission Equipment Package is an example of DRS's deep experience as a leading innovator and integrator supporting a wide range of missions for the U.S. military and allies around the world. The company's integration capability extends across all domains to support force protection, computer networking and C5I, as well as naval power and propulsion systems. About Leonardo DRS Leonardo DRS Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers' most demanding mission requirements. For further information on our complete range of capabilities, visit Forward-Looking Statements This communication contains statements that constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
