Corsair Gaming Inc

For the period ended Mar 31, 2024. Filed May 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 7, 2024

CRSR$12.17+2.7%Stored close · as of Nov 9, 2026

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Condensed Consolidated Statements of Operations

(Unaudited, in thousands, except per share amounts)

	Three Months EndedMarch 31,
	2024	2023
Net revenue	$337,257	$353,964
Cost of revenue	250,618	268,560
Gross profit	86,639	85,404
Operating expenses:
Sales, general and administrative	80,217	67,529
Product development	16,641	16,838
Total operating expenses	96,858	84,367
Operating income (loss)	(10,219)	1,037
Other (expense) income:
Interest expense	(3,691)	(4,302)
Interest income	1,565	1,474
Other expense, net	(461)	(496)
Total other expense, net	(2,587)	(3,324)
Loss before income taxes	(12,806)	(2,287)
Income tax benefit	1,777	639
Net loss	(11,029)	(1,648)
Less: Net income attributable to noncontrolling interest	536	364
Net loss attributable to Corsair Gaming, Inc.	$(11,565)	$(2,012)
Calculation of net loss per share attributable to common stockholders of Corsair Gaming, Inc.:
Net loss attributable to Corsair Gaming, Inc.	$(11,565)	$(2,012)
Change in redemption value of redeemable noncontrolling interest	(975)	958
Net loss attributable to common stockholders of Corsair Gaming, Inc.	$(12,540)	$(1,054)
Net loss per share attributable to common stockholders of Corsair Gaming, Inc.:
Basic	$(0.12)	$(0.01)
Diluted	$(0.12)	$(0.01)
Weighted-average common shares outstanding:
Basic	103,563	101,685
Diluted	103,563	101,685

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.