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 announced financial results for the
second quarter ended June 30, 2023, and reiterated its financial
outlook for the full year 2023.
Second Quarter 2023 Select Financial Metrics
- Net revenue was $325.4 million compared to $283.9 million in
the second quarter of 2022, an increase of 14.6%. Gaming components
and systems segment net revenue was $246.7 million compared to
$194.9 million in the second quarter of 2022, while Gamer and
creator peripherals segment net revenue was $78.8 million compared
to $89.0 million in the second quarter of 2022.
- Net income attributable to common shareholders was $1.1
million, or net income of $0.01 per diluted share, compared to a
net loss of $59.4 million, or a net loss of $0.62 per diluted
share, in the second quarter of 2022.
- Adjusted net income was $9.8 million, or net income of $0.09
per diluted share, compared to adjusted net loss of $19.0 million,
or a net loss of $0.20 per diluted share, in the second quarter of
2022.
- Adjusted EBITDA was $17.8 million, compared to a loss of $11.0
million in the second quarter of 2022.
- Cash and cash equivalents were $184.0 million as of June 30,
2023.
First Half 2023 Select Financial Metrics
- Net revenue was $679.4 million compared to $664.6 million in
the first six months of 2022, an increase of 2.2%. Gaming
components and systems segment net revenue was $511.7 million
compared to $441.5 million in the first six months of 2022, while
Gamer and creator peripherals segment net revenue was $167.7
million compared to $223.1 million in the first six months of
2022.
- Net income attributable to common shareholders was $43
thousand, or a net income of $0.00 per diluted share, compared to a
net loss of $64.5 million, or a net loss of $0.68 per diluted
share, in the first six months of 2022.
- Adjusted net income was $21.8 million, or net income of $0.20
per diluted share, compared to an adjusted net loss of $9.8
million, or a net loss of $0.10 per diluted share, in the first six
months of 2022.
- Adjusted EBITDA was $38.3 million, compared to adjusted EBITDA
of $4.4 million in the first six months of 2022.
Andy Paul, Chief Executive Officer of Corsair, stated, “We are
very excited with our Q2 and 1H results, showing growth in revenue,
gross margin, and profitability compared to last year. The gaming
hardware market improved during the second quarter with less
discounting from peripheral competitors and continued strong gaming
PC build activity driven by new games and new graphics cards
launching. Activity in the U.S. and Europe is now on par with
mid-2022 and substantially higher than pre-pandemic levels. We
continue to take market share in our components and memory segment
and improve gross margins in our peripheral categories, with less
market discounting occurring. In June, we launched a new ecosystem,
iCUE link, which uses special proprietary connectors and protocols
so that components can be connected together in series with one
cable, and then controlled individually via our iCUE software. We
believe this makes gaming system building much easier and should
entice more new first-time customers. Following the quarter close,
we announced the acquisition of certain assets of Drop, a
community-based e-commerce company specializing in customized DIY
keyboards and keycaps and many other enthusiast and audiophile
products. We expect some significant opportunities and synergies
here, both by offering custom versions of our products on the Drop
site, as well as introducing some of their popular products into
our worldwide channel.”
Michael G. Potter, Chief Financial Officer of Corsair, stated,
“We are pleased with the substantial financial improvement led by
revenue growth, improved gross margins, steadily improving adjusted
EBITDA, and a more balanced inventory. We exceeded our near-term
expectations for gross margins, which increased 140 basis points
compared to Q1 2023, and increased 1,270 basis points and 580 basis
points, compared to Q2 2022 with and without the impact of the Q2
2022 excess inventory reserve, as we benefitted from ongoing
improvements in freight costs, as well as new products. We
continued to be operational cash flow positive, while investing in
inventory to support the expected stronger second half of 2023.
Shortly after quarter-end we invested in growth via our acquisition
of certain of Drop’s assets. We expect liquidity to remain
excellent for the rest of 2023 allowing us to be flexible as
opportunities present themselves.”
Financial Outlook
The Company reiterated its outlook for the full year 2023 for
revenue to be flat to slightly up in a softer economic environment
as compared to 2022. Corsair continues to expect an improvement for
the full year 2023 in adjusted EBITDA led by an improvement in
margin, normalized shipping costs, and continued tight operating
expense controls.
- Net revenue for the full year 2023 is expected to be in the
range of $1.35 billion to $1.55 billion.
- Adjusted operating income to be in the range of $75 million to
$95 million.
- Adjusted EBITDA to be in the range of $90 million to $110
million.
Certain non-GAAP measures included in our financial outlook were
not reconciled to the comparable GAAP financial measures because
the GAAP measures are not accessible on a forward-looking basis. We
are unable to reconcile these forward-looking non-GAAP financial
measures to the most directly comparable GAAP measures without
unreasonable efforts because we are currently unable to predict
with a reasonable degree of certainty the type and extent of
certain items that would be expected to impact GAAP measures for
these periods but would not impact the non-GAAP measures. Such
items may include stock-based compensation charges, depreciation
and amortization, and other items. The unavailable information
could have a significant impact on our GAAP financial results.
The foregoing forward-looking statements reflect our
expectations as of today's date. Given the number of risk factors,
uncertainties and assumptions discussed below, actual results may
differ materially. We do not intend to update our financial outlook
until our next quarterly results announcement.
Recent Developments
- Acquired certain assets of Drop, a leading privately held
peripheral developer known for its customizable mechanical
keyboards and switches, and its millions-member strong enthusiast
community. Personalized keyboards that can be modified by the
consumer is one of the fastest growing trends in the gaming
peripheral space.
- Enhanced the Company's popular Stream Deck Mobile iOS app,
allowing every iPhone or iPad user to use a 6-button app-based
Stream Deck for free. A Pro subscription model unlocks further
functionality and up to 64 customizable controls, empowering
millions of users and making it easier to streamline tasks and save
time using the iPhone or iPad they already know and love.
- Expanded Corsair's award-winning memory line-up with DOMINATOR
TITANIUM DDR5 memory. Built using some of the fastest DDR5 ICs
alongside patented CORSAIR DHX cooling technology for improved
overclocking potential, DOMINATOR TITANIUM continues the DOMINATOR
legacy with incredible design and fast performance. Boasting 11
vibrant individually addressable RGB LEDs and a replaceable
top-bar, DOMINATOR TITANIUM offers unique customization options,
alongside its flagship performance.
- Delivered increased simplicity to DIY PC builders with the
launch of the iCUE LINK Smart Component Ecosystem. iCUE LINK
changes the way experienced PC builders and newcomers alike will
create their next PC, implementing patent-pending single-cable
technology to reduce the time it takes to build and set up a new
performance PC by as much as 50% while dramatically reducing cable
management and wire clutter.
Conference Call and Webcast Information
Corsair will host a conference call to discuss the second
quarter 2023 financial results today at 2:00 p.m. Pacific Time. The
conference call will be accessible on Corsair’s Investor Relations
website at https://ir.corsair.com, or by dialing 1-888-886-7786
(USA) or 1-416-764-8658 (International) with conference ID
64460612. A replay will be available approximately 3 hours after
the live call ends on Corsair's Investor Relations website, or
through August 10, 2023 by dialing 1-844-512-2921 (USA) or
1-412-317-6671 (International), with passcode 64460612.
About Corsair Gaming, Inc.
CORSAIR (Nasdaq: CRSR) is a leading global developer and
manufacturer of high-performance gear and technology for gamers,
content creators, and PC enthusiasts. From award-winning PC
components and peripherals, to premium streaming equipment and
smart ambient lighting, CORSAIR delivers a full ecosystem of
products that work together to enable everyone, from casual gamers
to committed professionals, to perform at their very best. Corsair
also sells gear under its Elgato brand, which provides premium
studio equipment and accessories for content creators, SCUF Gaming
brand, which builds custom-designed controllers for competitive
gamers, Drop brand, which specializes in personalized keyboard and
gaming setup accessories, and ORIGIN PC brand, a builder of custom
gaming and workstation desktop PCs.
Forward Looking Statements
Except for the historical information contained herein, the
matters set forth in this press release are forward-looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995, including,
but not limited to, Corsair’s expectations regarding market
headwinds and tailwinds; its expectations regarding 2023, including
its expectations regarding continued growth in the gaming hardware
market in the second half of 2023 and its expectations regarding
liquidity in the second half of 2023 led by estimated revenue
growth and continued margin improvements; its expectations
regarding potential significant opportunities and synergies from
the acquisition of certain of Drop’s assets; and its estimated full
year 2023 net revenue, adjusted operating income and adjusted
EBITDA. Forward-looking statements are based on our management’s
beliefs, as well as assumptions made by, and information currently
available to them. Because such statements are based on
expectations as to future financial and operating results and are
not statements of fact, actual results may differ materially from
those projected. Factors which may cause actual results to differ
materially from current expectations include, but are not limited
to: current macroeconomic conditions, including the impacts of high
inflation and risk of recession on demand for our products,
consumer confidence and financial markets generally; the lingering
impacts and future outbreaks of the COVID-19 pandemic and its
impacts on our operations and the operations of our manufacturers,
retailers and other partners, as well as its impacts on the economy
overall, including capital markets; our ability to build and
maintain the strength of our brand among gaming and streaming
enthusiasts and our ability to continuously develop and
successfully market new gear and improvements to existing gear; the
introduction and success of new third-party high-performance
computer hardware, particularly graphics processing units and
central processing units as well as sophisticated new video games;
fluctuations in operating results; the risk that we are not able to
compete with competitors and/or that the gaming industry, including
streaming and esports, does not grow as expected or declines; the
loss or inability to attract and retain key management; the impact
of global instability, such as the war between Russia and Ukraine,
and any sanctions or other geopolitical tensions that may result
therefrom; delays or disruptions at our or third-parties’
manufacturing and distribution facilities; our ability to
successfully integrate any companies or assets we may acquire;
currency exchange rate fluctuations or international trade disputes
resulting in our gear becoming relatively more expensive to our
overseas customers or resulting in an increase in our manufacturing
costs; and the other factors described under the heading “Risk
Factors” in our Annual Report on Form 10-K for the year ended
December 31, 2022 filed with the Securities and Exchange Commission
(“SEC”) and our subsequent filings with the SEC. Copies of each
filing may be obtained from us or the SEC. All forward-looking
statements reflect our beliefs and assumptions only as of the date
of this press release. We undertake no obligation to update
forward-looking statements to reflect future events or
circumstances. Our results for the quarter ended June 30, 2023 are
also not necessarily indicative of our operating results for any
future periods.
Use and Reconciliation of Non-GAAP Financial Measures
To supplement the financial results presented in accordance with
GAAP, this earnings release presents certain non-GAAP financial
information, including adjusted operating income (loss), adjusted
net income (loss), adjusted net income (loss) per diluted share and
adjusted EBITDA. These are important financial performance measures
for us, but are not financial measures as defined by GAAP. The
presentation of this non-GAAP financial information is not intended
to be considered in isolation of or as a substitute for, or
superior to, the financial information prepared and presented in
accordance with GAAP.
We use adjusted operating income (loss), adjusted net income
(loss), adjusted net income (loss) per share and adjusted EBITDA to
evaluate our operating performance and trends and make planning
decisions. We believe that these non-GAAP financial measures help
identify underlying trends in our business that could otherwise be
masked by the effect of the expenses and other items that we
exclude in such non-GAAP measures. Accordingly, we believe that
these non-GAAP financial measures provide useful information to
investors and others in understanding and evaluating our operating
results, enhancing the overall understanding of our past
performance and future prospects, and allowing for greater
transparency with respect to the key financial metrics used by our
management in our financial and operational decision-making. We
also present these non-GAAP financial measures because we believe
investors, analysts and rating agencies consider it useful in
measuring our ability to meet our debt service obligations.
Our use of these terms may vary from that of others in our
industry. These non-GAAP financial measures should not be
considered as an alternative to net revenue, operating income
(loss), net income (loss), cash provided by operating activities,
or any other measures derived in accordance with GAAP as measures
of operating performance or liquidity. Reconciliations of these
measures to the most directly comparable GAAP financial measures
are presented in the attached schedules.
We calculate these non-GAAP financial measures as follows:
- Adjusted operating income (loss), non-GAAP, is determined by
adding back to GAAP operating income (loss), the impact from
amortization, stock-based compensation, certain acquisition-related
and integration-related costs, and other costs.
- Adjusted net income (loss), non-GAAP, is determined by adding
back to GAAP net income (loss), the impact from amortization,
stock-based compensation, certain acquisition-related and
integration-related costs, and other costs, and the related tax
effects of each of these adjustments.
- Adjusted net income (loss) per diluted share, non-GAAP, is
determined by dividing adjusted net income (loss), non-GAAP by the
respective weighted average shares outstanding, inclusive of the
impact of other dilutive securities.
- Adjusted EBITDA is determined by adding back to GAAP net income
(loss), the impact from amortization, stock-based compensation,
depreciation, interest expense, certain acquisition-related and
integration-related costs, tax benefit, and other costs.
We encourage investors and others to review our financial
information in its entirety, not to rely on any single financial
measure and to view these non-GAAP financial measures in
conjunction with the related GAAP financial measures.
Corsair Gaming, Inc.
Condensed Consolidated
Statements of Operations
(Unaudited, in thousands, except
per share amounts)
Three Months Ended June
30,
Six Months Ended June
30,
2023
2022
2023
2022
Net revenue
$
325,432
$
283,908
$
679,396
$
664,599
Cost of revenue
242,600
247,449
511,160
537,384
Gross profit
82,832
36,459
168,236
127,215
Operating expenses:
Sales, general and administrative
69,953
73,393
137,482
149,524
Product development
15,593
18,026
32,431
35,136
Total operating expenses
85,546
91,419
169,913
184,660
Operating loss
(2,714
)
(54,960
)
(1,677
)
(57,445
)
Other (expense) income:
Interest expense, net
(2,518
)
(1,676
)
(5,346
)
(2,955
)
Other (expense) income, net
(1,134
)
633
(1,630
)
134
Total other expense, net
(3,652
)
(1,043
)
(6,976
)
(2,821
)
Loss before income taxes
(6,366
)
(56,003
)
(8,653
)
(60,266
)
Income tax benefit
2,287
4,164
2,926
5,147
Net loss
(4,079
)
(51,839
)
(5,727
)
(55,119
)
Less: Net income (loss) attributable to
noncontrolling interest
401
174
765
(233
)
Net loss attributable to Corsair Gaming,
Inc.
$
(4,480
)
$
(52,013
)
$
(6,492
)
$
(54,886
)
Calculation of net loss per share
attributable to common stockholders of Corsair Gaming, Inc.:
Net loss attributable to Corsair Gaming,
Inc.
$
(4,480
)
$
(52,013
)
$
(6,492
)
$
(54,886
)
Change in redemption value of redeemable
noncontrolling interest
5,577
(7,379
)
6,535
(9,640
)
Net income (loss) attributable to common
stockholders of Corsair Gaming, Inc.
$
1,097
$
(59,392
)
$
43
$
(64,526
)
Net income (loss) per share attributable
to common stockholders of Corsair Gaming, Inc.:
Basic
$
0.01
$
(0.62
)
$
0.00
$
(0.68
)
Diluted
$
0.01
$
(0.62
)
$
0.00
$
(0.68
)
Weighted-average common shares
outstanding:
Basic
102,304
95,467
101,996
95,372
Diluted
106,502
95,467
106,169
95,372
Corsair Gaming, Inc.
Segment Information
(Unaudited, in thousands, except
percentages)
Three Months Ended June
30,
Six Months Ended June
30,
2023
2022
2023
2022
Net revenue:
Gamer and Creator Peripherals
$
78,755
$
88,989
$
167,697
$
223,137
Gaming Components and Systems
246,677
194,919
511,699
441,462
Total Net revenue
$
325,432
$
283,908
$
679,396
$
664,599
Gross Profit:
Gamer and Creator Peripherals
$
25,509
$
10,558
$
52,157
$
53,615
Gaming Components and Systems
57,323
25,901
116,079
73,600
Total Gross Profit
$
82,832
$
36,459
$
168,236
$
127,215
Gross Margin:
Gamer and Creator Peripherals
32.4
%
11.9
%
31.1
%
24.0
%
Gaming Components and Systems
23.2
%
13.3
%
22.7
%
16.7
%
Total Gross Margin
25.5
%
12.8
%
24.8
%
19.1
%
Corsair Gaming, Inc.
Condensed Consolidated Balance
Sheets
(Unaudited, in thousands)
June 30, 2023
December 31, 2022
Assets
Current assets:
Cash and restricted cash
$
183,776
$
153,827
Accounts receivable, net
220,219
235,656
Inventories
212,538
192,717
Prepaid expenses and other current
assets
45,147
40,593
Total current assets
661,680
622,793
Restricted cash, noncurrent
236
233
Property and equipment, net
33,589
34,927
Goodwill
348,554
347,747
Intangibles assets, net
197,689
216,255
Other assets
77,216
75,290
Total assets
$
1,318,964
$
1,297,245
Liabilities
Current liabilities:
Debt maturing within one year, net
$
10,251
$
6,495
Accounts payable
196,275
172,033
Other liabilities and accrued expenses
159,209
164,470
Total current liabilities
365,735
342,998
Long-term debt, net
217,357
232,170
Deferred tax liabilities
16,932
18,054
Other liabilities, noncurrent
45,018
48,589
Total liabilities
645,042
641,811
Temporary equity
Redeemable noncontrolling interest
15,231
21,367
Permanent equity
Corsair Gaming, Inc. stockholders’
equity:
Common stock and additional paid-in
capital
614,681
593,496
Retained earnings
37,266
37,223
Accumulated other comprehensive loss
(3,761
)
(6,881
)
Total Corsair Gaming, Inc. stockholders'
equity
648,186
623,838
Nonredeemable noncontrolling interest
10,505
10,229
Total permanent equity
658,691
634,067
Total liabilities, temporary equity and
permanent equity
$
1,318,964
$
1,297,245
Corsair Gaming, Inc.
Condensed Consolidated
Statements of Cash Flows
(Unaudited, in thousands)
Three Months Ended June
30,
Six Months Ended June
30,
2023
2022
2023
2022
Cash flows from operating
activities:
Net loss
$
(4,079
)
$
(51,839
)
$
(5,727
)
$
(55,119
)
Adjustments to reconcile net loss to net
cash provided by operating activities:
Stock-based compensation
8,174
6,087
15,420
11,234
Depreciation
3,036
2,545
5,933
5,149
Amortization
9,757
13,434
19,498
23,572
Deferred income taxes
(3,490
)
(6,742
)
(5,699
)
(10,820
)
Other
2,154
2,434
2,282
3,087
Changes in operating assets and
liabilities:
Accounts receivable
(697
)
65,612
13,926
120,046
Inventories
(24,014
)
11,221
(19,342
)
10,559
Prepaid expenses and other assets
(4,510
)
(1,334
)
(5,587
)
(9,481
)
Accounts payable
7,404
(8,188
)
25,560
(43,496
)
Other liabilities and accrued expenses
8,411
(17,073
)
(2,292
)
(44,680
)
Net cash provided by operating
activities
2,146
16,157
43,972
10,051
Cash flows from investing
activities:
Acquisition of business, net of cash
acquired
—
—
—
(19,534
)
Payment of deferred consideration
—
(95
)
—
(95
)
Purchase of property and equipment
(2,780
)
(7,556
)
(7,457
)
(11,921
)
Investment in available-for-sale
convertible note
—
(1,000
)
—
(1,000
)
Net cash used in investing activities
(2,780
)
(8,651
)
(7,457
)
(32,550
)
Cash flows from financing
activities:
Repayment of debt
(1,250
)
(1,500
)
(11,250
)
(2,750
)
Borrowing from line of credit
—
110,000
—
403,000
Repayment of line of credit
—
(110,000
)
—
(403,000
)
Payment of other offering costs
—
—
(497
)
—
Payment of contingent consideration
—
(146
)
(950
)
(438
)
Proceeds from issuance of shares through
employee equity incentive plans
4,262
2,985
6,379
3,508
Payment of taxes related to net share
settlement of equity awards
(231
)
(110
)
(787
)
(997
)
Net cash provided by (used in) financing
activities
2,781
1,229
(7,105
)
(677
)
Effect of exchange rate changes on
cash
(188
)
(2,018
)
542
(3,502
)
Net increase (decrease) in cash and
restricted cash
1,959
6,717
29,952
(26,678
)
Cash and restricted cash at the beginning
of the period
182,053
31,985
154,060
65,380
Cash and restricted cash at the end of the
period
$
184,012
$
38,702
$
184,012
$
38,702
Corsair Gaming, Inc.
GAAP to Non-GAAP
Reconciliations
Non-GAAP Operating Income
(Loss) Reconciliations
(Unaudited, in thousands, except
percentages)
Three Months Ended June
30,
Six Months Ended June
30,
2023
2022
2023
2022
Operating Loss - GAAP
$
(2,714
)
$
(54,960
)
$
(1,677
)
$
(57,445
)
Amortization
9,757
13,434
19,498
23,572
Stock-based compensation
8,174
6,087
15,420
11,234
Inventory reserve in excess of normal run
rate to address overhang in the channel
—
19,489
—
19,489
Restructuring costs
—
1,488
—
1,488
Acquisition-related and
integration-related costs
634
227
774
470
Other
—
34
—
309
Adjusted Operating Income (Loss) -
Non-GAAP
$
15,851
$
(14,201
)
$
34,015
$
(883
)
As a % of net revenue - GAAP
-0.8
%
-19.4
%
-0.2
%
-8.6
%
As a % of net revenue - Non-GAAP
4.9
%
-5.0
%
5.0
%
-0.1
%
Corsair Gaming, Inc.
GAAP to Non-GAAP
Reconciliations
Non-GAAP Net Income (Loss) and
Net Income (Loss) Per Share Reconciliations
(Unaudited, in thousands, except
per share amounts)
Three Months Ended June
30,
Six Months Ended June
30,
2023
2022
2023
2022
Net income (loss) attributable to common
stockholders of Corsair Gaming, Inc. (1)
$
1,097
$
(59,392
)
$
43
$
(64,526
)
Less: Change in redemption value of
redeemable noncontrolling interest
5,577
(7,379
)
6,535
(9,640
)
Net loss attributable to Corsair Gaming,
Inc.
(4,480
)
(52,013
)
(6,492
)
(54,886
)
Add: Net income (loss) attributable to
noncontrolling interest
401
174
765
(233
)
Net Loss - GAAP
(4,079
)
(51,839
)
(5,727
)
(55,119
)
Adjustments:
Amortization
9,757
13,434
19,498
23,572
Stock-based compensation
8,174
6,087
15,420
11,234
Inventory reserve in excess of normal run
rate to address overhang in the channel
—
19,489
—
19,489
Restructuring costs
—
1,488
—
1,488
Acquisition-related and
integration-related costs
634
227
774
470
Other
—
34
—
309
Non-GAAP income tax adjustment
(4,665
)
(7,923
)
(8,215
)
(11,272
)
Adjusted Net Income (Loss) -
Non-GAAP
$
9,821
$
(19,003
)
$
21,750
$
(9,829
)
Diluted net income (loss) per
share:
GAAP
$
0.01
$
(0.62
)
$
0.00
$
(0.68
)
Adjusted, Non-GAAP
$
0.09
$
(0.20
)
$
0.20
$
(0.10
)
Weighted-average common shares
outstanding - Diluted:
GAAP
106,502
95,467
106,169
95,372
Adjusted, Non-GAAP
106,502
95,467
106,169
95,372
(1) Numerator for calculating net loss per
share-GAAP
Corsair Gaming, Inc.
GAAP to Non-GAAP
Reconciliations
Adjusted EBITDA
Reconciliations
(Unaudited, in thousands, except
percentages)
Three Months Ended June
30,
Six Months Ended June
30,
2023
2022
2023
2022
Net loss - GAAP
$
(4,079
)
$
(51,839
)
$
(5,727
)
$
(55,119
)
Amortization
9,757
13,434
19,498
23,572
Stock-based compensation
8,174
6,087
15,420
11,234
Inventory reserve in excess of normal run
rate to address overhang in the channel
—
19,489
—
19,489
Depreciation
3,036
2,545
5,933
5,149
Interest expense, net
2,518
1,676
5,346
2,955
Restructuring costs
—
1,488
—
1,488
Acquisition-related and
integration-related costs
634
227
774
470
Other
—
34
—
309
Income tax benefit
(2,287
)
(4,164
)
(2,926
)
(5,147
)
Adjusted EBITDA - Non-GAAP
$
17,753
$
(11,023
)
$
38,318
$
4,400
Adjusted EBITDA margin - Non-GAAP
5.5
%
-3.9
%
5.6
%
0.7
%
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230803603899/en/
Investor Relations: Ronald van Veen ir@corsair.com
510-578-1407
Media: David Ross david.ross@corsair.com +44 11 8208
0542
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