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Corsair Gaming to Host Virtual Investor Day Today; Announces Fourth Quarter and Full-Year 2021 Earnings Date
Company sets revenue target of $3.5 billion for 2026 FREMONT, Calif., Jan. 20, 2022 (GLOBE NEWSWIRE) -- Corsair Gaming, Inc. (NASDAQ:CRSR) (“Corsair”), a
About this update from Corsair Gaming, Inc.
[{"type":"text","content":"Company sets revenue target of $3.5 billion for 2026\nFREMONT, Calif., Jan. 20, 2022 (GLOBE NEWSWIRE) -- Corsair Gaming, Inc. (NASDAQ:CRSR) (“Corsair”), a leading global provider and innovator of high-performance gear for gamers and content creators, announced that it is hosting its 2022 Virtual Investor Day today, January 20, 2022, between 7:00 a.m. and 9:30 a.m. Pacific Time. Corsair also announced that it will release its fourth quarter and full-year 2021 earnings on February 8, 2022. During the Virtual Investor Day today, Corsair will provide an overview of its strategy, growth opportunities and long-term financial targets. Interested parties will be able to join the event live via the Zoom link published on the Corsair Investor Relations website. Participants are invited to visit the site at least 15 minutes prior to the presentation to download any required streaming media software. Presentation materials and an archived recording of the event will be available via Corsair’s Investor Relations website. Following completion of the event, a recorded replay of the webcast will be available on the Investor Relations website. Virtual Investor Day Speaker Details Corsair’s Investor Day speakers will include: Andy Paul, Chief Executive OfficerGeoff Lyon, SVP & GM of PC ComponentsAdrian Bedggood, VP of MarketingMichael G Potter, Chief Financial Officer Highlights Discusses significant white space market opportunity in gaming hardwareIn depth look at Corsair’s Components businessElgato solutions driving the streaming and content creation market Preliminary Unaudited 2021 Results Preliminary unaudited net revenue for 2021 is expected to be approximately $1.9 billion, at the higher end of its previous guidance range of $1.825 billion to $1.925 billion. Other financial metrics will be discussed during Corsair’s quarterly earnings call. Financial Outlook Corsair is introducing revenue guidance for the full year 2022 as indicated below: Net revenue to be in the range of $1.9 billion to $2.1 billion. The Company is also introducing an estimated $3.5 billion net revenue target by fiscal 2026. 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 outl...