sair Gaming(US:CRSR)2024-05-07 22:46Financial Performance & Guidance - Corsair's Q1'24 net revenue was $337.3 million, a decrease of 4.7% year-over-year[73] - The gross profit margin increased by 160 bps year-over-year to 25.7% in Q1'24[73] - Adjusted EBITDA for Q1'24 was $18.0 million[73] - The company provides 2024 financial guidance with net revenues between $1.45 billion and $1.60 billion, adjusted operating income between $92 million and $112 million, and adjusted EBITDA between $105 million and $125 million[80] Segment Performance - Gamer and Creator Peripherals segment experienced a 20% year-over-year growth in Q1'24[4, 75] - Gamer and Creator Peripherals segment revenue was $107.0 million in Q1'24, compared to $88.9 million in Q1'23[76] - Gross profit margin for the Gamer and Creator Peripherals segment was 40.8% in Q1'24, an increase of 1080 bps compared to Q1'23[76] - Gaming Components and Systems segment revenue was $230.3 million in Q1'24, a decrease of 13.1% year-over-year[76] Market Trends & Product Launches - The company expects a surge in the self-build PC market in the second half of 2024 and 2025 due to the launch of next-generation GPUs and CPUs[15] - Recent launches include the Elgato Neo product line, aimed at the creator market, and new compact keyboard and lightweight mouse products[13, 35]