Corsair Gaming: The PC Market Is Coming Back To Life, But Still A Long Way To Go [Seeking Alpha]
Corsair Gaming, Inc. (CRSR)
Company Research
Source: Seeking Alpha
The company's financial performance is concerning, with lower EBIT than interest expenses and minimal improvements in margins and profitability. The PC market is recovering, but the competitive gaming market and lack of competitive advantage pose challenges for Corsair. Introduction Corsair Gaming ( NASDAQ: CRSR recently reported Q4 earnings, and the company has dropped around 28% since the last time I covered it and has recently hit my PT of that time. I wanted to take a look at how the company has progressed over the last year and whether I should start a position now that it is much cheaper than it was back then, with a much more enticing risk/reward outlook. The slump in the PC market seems to be over and the company's operations are improving, however, I still don't think it is a good time to start a position, but I do acknowledge it is better than it was 7 months ago. Financial Performance As of FY23 ended on 31 December, released mid-February, the company had around
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CRSR
News
- Corsair Gaming to Report Q1 2024 Financial Results on May 7 [Yahoo! Finance]Yahoo! Finance
- Corsair Gaming to Report Q1 2024 Financial Results on May 7Business Wire
- New Stream Deck and Wave Mic Among Five Products Announced by ElgatoBusiness Wire
- Corsair Gaming, Inc.'s (NASDAQ:CRSR) recent 4.6% pullback adds to one-year year losses, institutional owners may take drastic measures [Yahoo! Finance]Yahoo! Finance
- Gaming Peripherals Strategic Business Report 2024-2030: On-Demand Gaming as a Service (GaaS) Spurs Opportunities for Gaming Peripherals [Yahoo! Finance]Yahoo! Finance
CRSR
Earnings
- 2/13/24 - Beat
CRSR
Sec Filings
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- 2/27/24 - Form 10-K
- CRSR's page on the SEC website