Corsair (CRSR) Q4 2021 earnings results beat revenue and EPS expectations

Corsair (CRSR) is one of the latest companies to release its earnings report, showing shareholders and analysts how it financially performed over the previous period. In Corsair’s (CRSR) Q4 2021 earnings report, the company reveals that it beat expectations for both revenue and earnings-per-share.

Corsair (CRSR) shared its Q4 2021 earnings report on February 8, detailing its financial performance over the past few months. In the report, we see that Corsair pulled in $510.6 million in revenue, easily beating the $495.3 million expectation. The company also reported $.35 per share, which beats the expectation of $.25.

Following the release of the earnings report, Corsair’s (CRSR) stock price fell from a daily high of $21.30 to a low of $18.48. This massive drop came despite the fact that Corsair beat both revenue and EPS expectations. Corsair CEO Andy Paul provided a statement with the report.

After the extraordinary growth in 2020 caused by gamers spending more time at home gaming and the large growth in the creator economy, we are pleased to see that after lockdowns and shelter at home were lifted, our Q421 net revenues were within about 8% of Q420. Despite the ongoing logistical and supply chain challenges impacting markets, including the lack of availability of reasonably priced GPUs in the retail channel, we experienced healthy growth over 2020 in both our operating segments. Our gamer and creator peripherals segment grew 20% year-over-year, demonstrating the underlying secular growth trends in the overall gaming, esports, content creator, and streaming hardware and services market. As we discussed during our recent Investor Day and with our record new product introductions of 141, including five new categories, we remain focused on expanding our presence in the market and are well-positioned to continue to gain market share.

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