Without a doubt, 2020 has been a landmark year for Razer Inc. (HKG:1337). Despite the global market uncertainty caused by the Covid-19 pandemic, Razer crossed the US$1.0 billion revenue milestone and turned profitable on a General Accepted Accounting Principles (GAAP) basis, ahead of all expectations.  In Co-Founder and CEO, Min-Liang Tan’s words, “this performance reflects Razer’s dominant brand position, compelling offerings across our ecosystem of hardware, software and services, and strong execution.”  In this article, we will go through key highlights of its financial year (FY) 2020 earnings that could be of interest to investors.  # 1: Record high revenue and turns profitable
Razer recorded a record high revenue in FY2020 driven by robust demand, as well as market share gains for its Hardware business and continued exponential growth of its Services segment.  The group’s revenue has more than doubled since its IPO, rising from US$517.9 million in FY2017 to...