secwatch.observer — SEC 8-K summary
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Issuer:     Corsair Gaming, Inc. (CRSR)
CIK:        0001743759
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000950170-24-089250
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corsair Gaming Q2 revenue falls 19.7% to $261.3M; net loss $29.6M; cuts ~100 jobs
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- Q2 2024 net revenue $261.3M (-19.7% YoY); net loss $29.6M (-$0.28 diluted EPS) vs net income $1.1M a year ago.
- Adjusted net loss of $6.8M (-$0.07/sh) vs adj. net income $9.8M; adjusted EBITDA loss $1.2M vs profit $17.8M.
- Gaming Components & Systems revenue $167.1M (-32% YoY); Gamer & Creator Peripherals revenue $94.2M (+19.6% YoY).
- Reduced workforce by ~100 employees in July 2024 to lower opex; exploring Fanatec/ENDOR AG acquisition after insolvency filing.
- FY2024 outlook: revenue $1.25B-$1.35B; adj. operating income $48M-$63M; adj. EBITDA $60M-$75M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743759/000095017024089250/0000950170-24-089250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743759/000095017024089250/crsr-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-089250

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