secwatch.observer — SEC 8-K summary
======================================

Issuer:     Corsair Gaming, Inc. (CRSR)
CIK:        0001743759
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-020498
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743759/000095017023020498/0000950170-23-020498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743759/000095017023020498/crsr-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-020498

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer