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Corsair Gaming Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS In Line

Corsair Gaming (NASDAQ:CRSR) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$311.8m (down 20% from 3Q 2021).

  • Net loss: US$8.90m (down from US$1.78m profit in 3Q 2021).

  • US$0.093 loss per share (down from US$0.019 profit in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Corsair Gaming Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Tech industry in the US.

Performance of the American Tech industry.

The company's shares are up 20% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Corsair Gaming's balance sheet.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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