Razer curtails losses in 2018 but analysts feel cash burn may continue

Gaming hardware manufacturing company Razer – which listed on the Hong Kong Exchange in 2017 and was one of the earliest unicorns from Southeast Asia to IPO – reported that its net losses narrowed by 41 per cent to $97.91 million, while revenue jumped 37.6 per cent to $712.44 million in FY 2018, largely driven by a near four-fold rise in revenues from the software and services segment.