Corsair Gaming, Inc. (CRSR) launched an addition to its CPU cooling lineup, A115 High-Performance Tower CPU Air Cooler.The availability and pricing about this new top-tier air cooler can be obtained from the company’s webstore, and the respective area’s network of authorized retailers and distributors.The new A115 air cooler aims to control high temperatures generated by the latest processors. Also, this efficiently engineered air cooler houses innovative features that make installation and adjustment prett ...

At the heart of CORSAIR's A115 High-Performance Tower CPU Air Cooler are six 6mm heat pipes and a high-efficiency copper cold plate, capable of handling CPUs with up to 270W TDP. The slightly convex shape of the cold plate optimizes contact with the CPU, ensuring maximum thermal transfer and stability. After absorbing heat, 90 nickel-plated cooling fins provide a substantial 1.69m² surface area for rapid heat dissipation. "Our customers have been clamoring for a new CORSAIR air cooler, and we’ve heard them ...

MILPITAS, Calif.--(BUSINESS WIRE)--Corsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair” or the “Company”), a leading global provider and innovator of high-performance gear for gamers, streamers, content-creators, and gaming PC builders, today announces full support for Nvidia's RTX 4080 Super, RTX 4070 Ti Super, and RTX 4070 Super graphics cards with its latest power supply ranges. These new GPUs offer impressive performance boosts, particularly when using AI-powered DLSS 3.0, making it a great time for enthusia ...

Financial Data and Key Metrics Changes - Q3 2023 revenue was $363.2 million, a 16.5% increase from $311.8 million in Q3 2022 [6][56] - Adjusted net income for Q3 2023 improved to $13.4 million or $0.13 per diluted share, compared to $7.6 million or $0.08 per share in Q3 2022 [19][70] - Gross margin increased to 24.6% in Q3 2023 from 23% in Q3 2022 [61][53] - Adjusted EBITDA for Q3 2023 rose to $23 million from $10.1 million in Q3 2022 [63][72] Business Line Data and Key Metrics Changes - Gaming components and systems segment revenue was $272.8 million in Q3 2023, up 26.9% from $214.9 million in Q3 2022 [57] - Memory products revenue increased to $131.7 million in Q3 2023 from $115.2 million in Q3 2022 [57] - Gamer and creator peripheral segment revenue decreased to $90.4 million in Q3 2023 from $96.8 million in Q3 2022 [60] Market Data and Key Metrics Changes - European markets contributed approximately 36.5% of total revenues, up from 32.3% in Q2 2023, although they remain softer than the Americas [56] - The overall gaming hardware market is expected to resume growth, with current activity levels elevated compared to pre-pandemic [55] Company Strategy and Development Direction - The company is focusing on integrating the Drop acquisition to enhance revenue synergies and expects to turn positive EBITDA in 2024 [73][23] - New product launches, including the Elgato Marketplace, are aimed at enriching user experience and driving sales [54][55] - The company plans to target new product categories such as sim racing and mobile gaming in the future [87] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer markets are softer in 2023, but gaming hardware spending remains elevated compared to pre-pandemic levels [9] - The company anticipates a strong holiday season, with retail channels stocking up in preparation [67] - Management expects to see growth in the gaming peripherals market by 2025 and 2026, returning to traditional growth rates [41] Other Important Information - The company ended Q3 with a cash balance of $147.8 million and reduced debt to $223.8 million [20][64] - The company is maintaining a direct-to-consumer revenue mix of about 10% and aims to increase it to over 15% [84] Q&A Session Summary Question: Can you provide more details on the Drop integration and synergies? - Management indicated that most synergies will come from revenue expansion rather than cost savings, with expectations for positive EBITDA in 2024 [14] Question: What is the outlook for the holiday season and promotional environment? - Management expressed confidence in a strong holiday season, noting that the promotional environment has normalized compared to earlier in the year [76] Question: How does the refresh cycle differ between components and peripherals? - Management stated that systems typically have a refresh cycle of three to five years, while peripherals are more like three years, with some lower-end products refreshing in as little as 18 months [91] Question: What are the expectations for D2C revenues with the Drop acquisition? - Management expects a small positive effect on D2C revenues from the Drop acquisition, maintaining a current mix of about 10% [84] Question: What are the new product categories being targeted? - Management highlighted sim racing and mobile gaming as potential new product categories for future launches [87]

| --- | --- | |-------|-------| | | | | | | | | | | | | DISCLAIMER Forward Looking Statements This presentation contains forward looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the Company's results may differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not ...

Financial Performance - Net revenue for the three months ended September 30, 2023, increased by 16.5% compared to the same period last year, driven by sales in the gaming components and systems segment [141]. - Gross margin improved from 23.0% to 24.6% for the three months ended September 30, 2023, and from 20.4% to 24.7% for the nine months ended September 30, 2023 [141]. - Net revenue increased by 16.5% for the three months ended September 30, 2023, compared to the same period last year, driven by a 26.9% increase in sales for gaming components and systems [176]. - Net revenue for the nine months ended September 30, 2023, increased by 6.8% to $1,042,589 thousand compared to $976,368 thousand for the same period last year, driven by a 19.5% increase in sales for gaming components and systems [197]. - The gamer and creator peripherals segment saw a revenue decline of 19.4% for the nine months ended September 30, 2023, primarily due to demand softness in a challenging macroeconomic environment [203]. Operating Expenses - SG&A expenses increased by 10.6% for the three months ended September 30, 2023, primarily due to higher personnel-related costs and the inclusion of Drop's post-acquisition expenses [179]. - Total operating expenses for the three months ended September 30, 2023, were $90,111 thousand, compared to $82,548 thousand in the same period last year [175]. - SG&A expenses decreased by 2.3% for the nine months ended September 30, 2023, primarily due to lower freight costs and reduced marketing expenses [213]. - Product development expenses decreased by 4.4% for the nine months ended September 30, 2023, totaling $48,542 thousand, primarily due to lower personnel-related costs [199]. - Product development expenses increased by 3.2% for the three months ended September 30, 2023, mainly due to higher personnel-related costs [214]. Cash Flow and Financing - Cash provided by operations was $32.1 million for the nine months ended September 30, 2023, compared to $45.1 million for the same period in 2022 [142]. - Net cash provided by operating activities for the nine months ended September 30, 2023, was $32,060 thousand, down from $45,142 thousand in the same period last year [207]. - Cash used in investing activities was $25,004 thousand for the nine months ended September 30, 2023, primarily for the Drop Acquisition and capital expenditures [208]. - Cash used in financing activities was $13,205 thousand for the nine months ended September 30, 2023, mainly for debt repayment and tax payments related to equity awards [209]. - The company refinanced its First Lien Credit Agreement, securing a total commitment of $350 million, which includes a $100 million revolving credit facility and a $250 million term loan facility [210]. Market and Product Development - The company launched 81 new products in the first nine months of 2023, including a new FLEX OLED bendable monitor and new Stream Deck products [140]. - The company expects continued growth in the gaming market due to lower-priced GPUs and new game titles being released [140]. - The company is focused on expanding into new markets and product categories through organic growth and acquisitions [140]. Interest and Tax - Interest expense, net for the three months ended September 30, 2023, was $(2,529) thousand, compared to $(2,734) thousand in the same period last year [181]. - Interest expense, net increased by 38.4% for the nine months ended September 30, 2023, primarily due to higher interest rates on the Term Loan, despite earning $5.2 million in interest income [200]. - Effective tax rates for the three months ended September 30, 2023, were 3.3%, down from 50.7% in the same period last year, while the nine-month effective tax rates increased to 26.0% from 15.6% [201]. - Income tax benefit for the three months ended September 30, 2023, was $97 thousand, with an effective tax rate of 3.3% [182]. Loss and Profit - Operating loss for the three months ended September 30, 2023, was $(758) thousand, an improvement from $(10,988) thousand in the same period last year [175]. - Net loss attributable to Corsair Gaming, Inc. for the three months ended September 30, 2023, was $(3,079) thousand, compared to $(6,211) thousand in the same period last year [175]. - Total gross profit for the Gamer and Creator Peripherals Segment was $89.4 million for the three months ended September 30, 2023, reflecting a gross margin increase of 5.1% for the nine-month period [220]. Risk Factors - The company is exposed to market risks primarily due to fluctuations in interest rates and foreign currency exchange rates [230]. - Approximately 16.4% of net revenue for the nine months ended September 30, 2023, was denominated in foreign currencies, primarily Euro, exposing the company to foreign exchange risks [250]. - The impact of foreign currency rate changes resulted in a loss of $(1.5) million for the nine months ended September 30, 2023, compared to a gain of $1.5 million in the same period of 2022 [250]. - A hypothetical ten percent change in exchange rates would increase or decrease gains or losses on foreign currency exchange by approximately $2.0 million for the nine months ended September 30, 2023 [250]. - The company entered into forward currency contracts with an outstanding notional principal amount of $32.1 million as of September 30, 2023, to mitigate currency fluctuations [250].

Corsair Gaming, Inc. (NASDAQ:CRSR) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Ronald Van Veen - Vice President, Finance and IR Andy Paul - Chief Executive Officer Michael Potter - Chief Financial Officer Conference Call Participants Aaron Lee - Macquarie Drew Crum - Stifel Doug Creutz - TD Cowen Jack Butler - Barclays Operator Good afternoon, and welcome to the Corsair Gaming’s Second Quarter 2023 Earnings Conference Call. As a reminder, today’s call is being recorded an ...

Q2'19 Q2'23 Q2'19 Q2'23 US EU +24% +28% August 25 'Summer 2023' August 31 September 6 September 26 October 10 October 12 October 17 October 24 November Est. Debuted at Computex 2023 to enthusiastic reception. Corsair has partnered with top-tier streamer Jack "CouRageJD" Dunlop, further expanding our lineup of top-tier gaming influencer partnerships. The first CORSAIR 65% layout keyboard as we continue to expand our product line to address keyboard enthusiast demands. This presentation also contains estimate ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-39533 Corsair Gaming, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware ...

Corsair Gaming, Inc. (NASDAQ:CRSR) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants Ronald Van Veen - Vice President of Finance and Investor Relations Andy Paul - Chief Executive Officer Michael Potter - Chief Financial Officer Conference Call Participants Eric Sheridan - Goldman Sachs Drew Crum - Stifel, Nicolaus & Company. Aaron Lee - Macquarie Group Jack Butler - Barclays Bank Plc Operator Good afternoon, and welcome to the Corsair Gaming's First Quarter 2023 Earnings Confere ...