Corsair Gaming Inc

+0.57 (+3.38%)
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Corsair Gaming Reports Second Quarter 2022 Financial Results

Published: 08/04/2022 20:52 GMT
Corsair Gaming Inc (CRSR) - Corsair Gaming Reports Second Quarter 2022 Financial Results.
Q2 Loss per Share $0.62.
Sees FY Revenue $1.35 Billion to $1.45 Billion.
Qtrly Net Revenue Was $283.9 Million.
Corsair Gaming - Yoy Declines in Qtrly Revenue Reflect Adverse Impact of Macro-economic Headwinds Affecting Consumer Spending on Gaming Gear.
Corsair Gaming - Proactively Taken Actions to Reduce Operating Expenses.
Corsair Gaming - Have Adjusted Product Ordering and Took a $19.5 Million Reserve Against Potential Inventory Overhangs.
Believe Our Business Fundamentals Remain Strong With a Positive Long-term Outlook.
Continue to Believe Self-built Gaming Pc Market Will Begin to Accelerate in Second Half of 2022.
Q2 Earnings per Share View $-0.01, Revenue View $320.1 Million -- Refinitiv Ibes Data (analyst estimates).
FY2022 Revenue View $1.67 Billion -- Refinitiv Ibes Data (analyst estimates).