Corsair Gaming, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 13, 2024 at 09:00 pm
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Corsair Gaming, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 417.29 million compared to USD 398.73 million a year ago. Net income was USD 6.98 million compared to USD 6.71 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.12 a year ago.
For the full year, the company reported sales was USD 1,459.88 million compared to USD 1,375.1 million a year ago. Net loss was USD 2.59 million compared to USD 54.39 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.63 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to diluted loss per share from continuing operations of USD 0.63 a year ago.
Corsair Gaming Inc. is a provider and innovator of high-performance products for gamers and digital creators such as streamers, vloggers, and broadcasters. The Companyâs personal computer (PC) components products offer its customers multiple options to build their customized gaming and workstation desktop PCs. The Company operates through two segments: Gamer and creator peripherals, and Gaming components and systems. The Gamer and creator peripherals segment include its high-performance gaming keyboards, mice, headsets, controllers, and streaming products, which includes capture cards, stream Decks, microphones, and audio interfaces, facecam streaming cameras, studio accessories and gaming furniture, among others. The Gaming components and systems segment Includes its high-performance power supply units (PSUs), cooling solutions, computer cases, and DRAM modules, as well as high-end prebuilt and custom-built gaming PCs and laptops, and gaming monitors, among others.