Form 8-K Corsair Gaming, Inc. To: October 14

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Room 99.1

Corsair Gaming Announces Preliminary Third Quarter 2021 Financial Results and 2021 Financial Outlook Update

announces the publication of third quarter 2021 results and the date of the conference call; Presentation at the next investor conferences

FREMONT, California, October 14, 2021 – Corsair Gaming, Inc. (NASDAQ: CRSR) (“Corsair” or the “Company”), a leading global supplier and innovator of high performance equipment for gamers and content creators, today announced the unaudited preliminary results of the quarter ended September 30, 2021 and updated 2021 financial results. outlook. The Company also announced the release date of its third quarter results and its presentation at upcoming investor conferences.

Preliminary unaudited third quarter 2021 results

Andy Paul, CEO of Corsair, commented: “We continue to view 2021 as a year of strong growth from the exceptional results of 2020 and building on the acceleration of gamers and streamers who are purchasing hardware for the first time. or upgrade faster than in the past. . We’re several years ahead of our growth expectations ahead of our IPO in 2020, and we believe this sets a new foundation for us to grow. Despite this growing backdrop, we believe our 2021 net revenue was held back by at least 10% by global logistics and supply chain issues, particularly the lack of affordable GPUs in the channel. retail. After a slower start to Q3 2021, we saw a return to more typical seasonal orders with September being the strongest month of the quarter. “

“As a result, for the third quarter ended September 30, 2021, we forecast net sales of approximately $ 391 million. Based on what we know today, we’re also updating our forecast for annual net revenue for 2021 to $ 1.825 billion to $ 1.925 billion. We intend to update our 2021 guidance for adjusted operating income and adjusted EBITDA when we release our third quarter results on November 2, 2021, ”concluded Andy Paul.

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.

Conference Call and Webcast Information

Corsair will release its third quarter 2021 results and updated financial outlook for 2021 ahead of the market opening on November 2, 2021. A conference call to discuss its results will follow at 5:30 am Pacific time the same day.

Those wishing to participate via the webcast should access the call through Corsair’s Investor Relations website at https://ir.corsair.com. Those wishing to participate by phone can dial 1-855-327-6838 (US) or 1-604-235-2082 (International). The replay of the conference call will be available via webcast on Corsair’s Investor Relations website. The telephone replay will be available from 8:30 a.m.

Pacific Time Enabled November 2, 2021, through November 9, 2021, by calling 1-844-512-2921 (United States) or 1-412-317-6671 (International). The replay password will be 10016719.

Upcoming investor conferences

Andy Paul and Michael G. Potter, Chief Financial Officer of Corsair, intend to speak at the following conferences:

A live webcast and replays of the presentations will be available on Corsair’s Investor Relations website. Management will also be available for individual and small group meetings with investors.

About Corsair Gaming, Inc.

Corsair Gaming, Inc. (NASDAQ: CRSR) is a leading global developer and manufacturer of high-performance equipment and technology for gamers, content creators and PC enthusiasts. From award-winning PC components and peripherals to high-end streaming gear and intelligent ambient lighting, Corsair offers a full ecosystem of products that work together to empower everyone from casual gamers to engaged professionals to perform at their best. themselves.

Corsair also sells hardware under our Elgato brand, which provides premium studio equipment and accessories for content creators, the SCUF Gaming brand, which makes custom-designed controllers for competitive gamers, and the ORIGIN PC brand. , a manufacturer of desktop PCs and custom gaming and workstation laptops. .

Forward-looking statements

Except for historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to. limited thereto, our views of our growth and whether acceleration of players and streamers buying hardware for the first time or upgrading faster than in the past will be achieved; and our estimated net sales for the year 2021. Forward-looking statements are based on the beliefs of our management, as well as on the assumptions made by, and the information currently available to it. Since these statements are based on expectations of future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the impact that the COVID-19 pandemic will have on demand for our products as well as its impact on our operations and operations of our manufacturers, retailers and other partners, and its impact on the economy in general, including capital markets; our ability to develop and maintain the strength of our brand among gaming and streaming enthusiasts and our ability to successfully develop and market new equipment and continuous improvements; the introduction and success of new high-performance third-party computer hardware, including graphics processing units and central processing units as well as new sophisticated video games; the risk that we may not be able to compete with our competitors and / or that the gaming industry, including streaming and esports, may not develop as expected or decline; loss or inability to attract and retain key leaders; delays or disruptions in our manufacturing and distribution facilities or those of third parties; exchange rate fluctuations or international trade disputes resulting in our equipment

become relatively more expensive for our foreign customers or lead to an increase in our manufacturing costs; the impact of the coronavirus on our business; general economic conditions which negatively affect, inter alia, consumer confidence and spending; and the other factors described under the heading “Risk Factors” in our quarterly report on Form 10-Q for the quarter ended June 30, 2021 filed with the Securities and Exchange Commission (SEC) on August 3, 2021 and our subsequent filings with the SEC. Copies of each filing can be obtained from us or the SEC. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. We do not undertake to update any forward-looking statements to reflect future events or circumstances. Our preliminary results for the quarter ended September 30, 2021 are not necessarily indicative of our results of operations for future periods.

Source: Corsair Gaming, Inc.

Investor Relations Contact:

Ronald van veen

[email protected]

510-578-1407

Media contact:

Adrien bedggood

[email protected]

510-657-8747

+ 44-7989-258827