M&A - Corsair Gaming, Inc.

Form Type: 10-Q

Filing Date: 2025-05-07

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025064667

Filing Summary: In its quarterly report for the period ended March 31, 2025, Corsair Gaming, Inc. reported a net revenue of $369,750,000, an increase from the previous year’s revenue of $337,257,000. The cost of revenue was $267,388,000, yielding a gross profit of $102,362,000. Operating expenses totaled $104,625,000, resulting in an operating loss of $2,263,000. The net loss attributable to Corsair Gaming for the quarter was $10,459,000. This report also discusses forward-looking statements regarding the company’s operations and financial performance, stating potential concerns including changes in tariffs and market conditions. Corsair has completed the acquisition of a noncontrolling interest in iDisplay, which was previously noted as a significant event in compliance with its financial reporting obligations. Additionally, the document outlines the company’s balance sheet metrics, showing total assets of $1,239,457,000 and liabilities of $616,165,000 as of March 31, 2025.

Form Type: 10-K

Filing Date: 2025-02-26

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025027856

Filing Summary: Corsair Gaming, Inc. provides its annual financial report for the year ending December 31, 2024. The report details the company's performance as a leading global provider of high-performance products for gamers and digital creators. Key financial highlights include an aggregate market value of $491 million as of June 30, 2024, and the total shares outstanding reported at 104,855,199 as of February 13, 2025. The filing mentions ongoing strategic moves, including notable acquisitions, particularly highlighting the acquisition of Fanatec, which occurred in September 2024. This acquisition is aimed at enhancing the company's product offerings and market presence within the gaming peripherals segment. The report contains essential forward-looking statements about the company's operations, competitive edge, and expectations regarding future growth, all subject to market variables. Furthermore, the filing incorporates references to sections of the Definitive Proxy Statement for the 2025 Annual Meeting, suggesting future shareholder discussions and engagements.