Corsair Q1 net revenue $354M, adjusted EPS $0.11, reiterates 2023 outlook

Corsair Gaming, Inc.

2023-Q1 EPS reported -$0.01 revenue$353,964,000

Net revenue $354M vs $380.7M YoY; gaming components up 7.5% to $265M, peripherals down 34% to $88.9M.
GAAP net loss $1.1M ($0.01 per share); adjusted net income $11.9M ($0.11 per share) vs $9.2M ($0.09) YoY.
Adjusted EBITDA $20.6M, +33% YoY from $15.4M; gross margin +30bps on lower freight costs.
Full-year 2023 guidance: revenue $1.35B-$1.55B, adjusted EBITDA $90M-$110M, adjusted operating income $75M-$95M.
Cash $182.1M; reduced debt by $10M; operating expenses down ~10% YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Corsair Gaming, Inc. reported first quarter ended March 31, 2023 results: revenue $354.0 million, net income net loss of $1.1 million, or $0.01 per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $354.0 million
Net income: net loss of $1.1 million, or $0.01 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and gaming PC builders, today announced financial results for the first quarter ended March 31, 2023. First Quarter 2023 Select Financial Metrics • Net revenue was $354.0 million compared to $380.7 million in the first quarter of 2022. Gaming components and systems segment net revenue was $265.0 million compared to $246.5 million in the first quarter of

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Source: SEC EDGAR

accession 0000950170-23-020498

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