Loading...
•
Dec 31, 2021
Corsair Q4 2021 Earnings Report
Corsair reported Q4 2021 financial results, showing a decrease in net revenue compared to the record Q4 2020, but remaining above pre-pandemic levels. The company highlighted growth in the gamer and creator peripherals segment and provided financial outlook for full year 2022.
Key Takeaways
Corsair's Q4 2021 net revenue reached $510.6 million, within 8.2% of the record Q4 2020. Net income was $24.7 million, or $0.25 per diluted share, while adjusted net income was $34.7 million, or $0.35 per diluted share. The company anticipates continued growth in 2022, despite ongoing supply chain challenges.
Net revenue was $510.6 million, an 8.2% decrease compared to the record Q4 2020.
Net income was $24.7 million, or $0.25 per diluted share, down from $43.0 million, or $0.43 per diluted share, in the same period last year.
Adjusted net income was $34.7 million, or $0.35 per diluted share, compared to $53.0 million, or $0.53 per diluted share, in the same period last year.
The gamer and creator peripherals segment grew 20% year-over-year.
Revenue by Segment
Forward Guidance
For the full year 2022, Corsair expects net revenue to be in the range of $1.9 billion to $2.1 billion, adjusted operating income to be in the range of $195 million to $215 million, and adjusted EBITDA to be in the range of $205 million to $225 million.
Positive Outlook
- Net revenue to be in the range of $1.9 billion to $2.1 billion.
- Adjusted operating income to be in the range of $195 million to $215 million.
- Adjusted EBITDA to be in the range of $205 million to $225 million.
- Transformation of debt levels.
- Cost management efficiencies over the past few years.
Challenges Ahead
- Expect to continue to experience elevated freight costs.
- Ongoing supply chain issues.
- Macroeconomic conditions.
- Uncertainty regarding the impact of the COVID-19 pandemic on demand and operations.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...