secwatch.observer — SEC 8-K summary
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Issuer:     Corsair Gaming, Inc. (CRSR)
CIK:        0001743759
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000950170-24-122271
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corsair Q3 revenue down 16% to $304M; net loss $58.4M; FY24 EBITDA guidance cut to $40-55M
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- Net revenue $304.2M, down 16.2% YoY; Gaming Components fell 26%, Peripherals grew 13%.
- GAAP net loss $58.4M ($0.56/share) vs loss $3.1M in Q3 2023; includes $32.5M deferred tax valuation allowance.
- Adjusted net loss $30.3M ($0.29 adj loss/share) vs adj net income $13.4M; Adjusted EBITDA $4.8M vs $23M.
- FY2024 revenue reiterated $1.25-1.35B; adjusted EBITDA outlook lowered to $40-55M from $60-75M.
- Completed Fanatec acquisition; workforce reduction; expects Q4 EPS-neutral and profitability in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743759/000095017024122271/0000950170-24-122271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743759/000095017024122271/crsr-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-122271

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