Corsair Gaming Q1 revenue $337M (-5% YoY), net loss $0.12 EPS; Gamer segment grows 20%

Corsair Gaming, Inc.

2024-Q1 EPS reported -$0.12 revenue$337,257,000

Net revenue $337.3M, down 5% YoY from $354.0M; net loss -$12.5M (-$0.12 diluted EPS) vs -$1.1M loss a year ago.
Adjusted net income $9.5M ($0.09 diluted EPS) vs $11.9M ($0.11) prior year; Adjusted EBITDA $18.0M vs $20.6M.
Gamer and Creator Peripherals revenue $107.0M, up 20% YoY, with record 40% gross margin. Gaming Components & Systems $230.3M, down 13%.
Cash and restricted cash $130.2M as of March 31, 2024.

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 the first quarter ended March 31, 2024 results: revenue $337.3 million, net income Net loss attributable to common shareholders was $12.5 million, EPS net loss of $0.12 per diluted share.

Period: the first quarter ended March 31, 2024
Revenue: $337.3 million
Net income: Net loss attributable to common shareholders was $12.5 million
EPS: net loss of $0.12 per diluted share
Result: reported results

Exact text from the filing

First Quarter 2024 Select Financial Metrics • Net revenue was $337.3 million compared to $417.3 million in the fourth quarter of 2023 and $354.0 million in the first quarter of 2023. Gaming Components and Systems segment net revenue was $230.3 million compared to $280.5 million in the fourth quarter of 2023 and $265.0 million in the first quarter of 2023, while Gamer and Creator Peripherals segment net revenue was $107.0 million compared to $136.8 million in the fourth quarter of 2023 and $88.9 million in the first quarter of 2023. • Net loss attributable to common shareholders was $12.5 million, or net loss of $0.12 per diluted share, compared to net income of $6.2 million, or net income of $0.06 per diluted share, in the fourth quarter of 2023 and a net loss of $1.1 million, or a net loss of $0.01 per diluted share, in the first quarter of 2023.

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Source: SEC EDGAR

accession 0000950170-24-054467

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