HEAR - Earnings announcements

– Third Quarter Net Revenue of $94.4 million, up 60% Year-over-Year –– Net Income was $3.4 million compared to a Net Loss of ($3.6) in prior year –– Adjusted EBITDA was $16.3 million compared to $1.0 in prior year –– Raising Full Year 2024 EBITDA Guidance Again on Continued Execution Strength –– Repurchased $10.1 Million of Common Shares in the Third Quarter – WHITE PLAINS, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessories brand, today reported financial results for the third quarter ended September 30, 2024. Third Quarter Highlights Net revenue was $94.4 million, an increase of 60% compared to the prior year period.Net in

WHITE PLAINS, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR) a leading gaming headset and accessories brand, today announced it will report financial results for the third quarter 2024 on Thursday, November 7, 2024 after the close of trading on the Nasdaq Stock Market. The Company will also host a conference call and audio webcast at 5:00p.m. ET / 2:00p.m. PT that same day to review the results. The call will be hosted by Cris Keirn, Chief Executive Officer, and John Hanson, Chief Financial Officer. Conference Call InformationThe live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebe

– Second Quarter Net Revenue of $76.5 million, up 59% Year-over-Year –– Raising Full Year 2024 Guidance on Continued Execution Strength –– Repurchased $15 Million of Common Shares in the Second Quarter –– Highlight Intention to Continue Share Repurchases at Attractive Price Levels – WHITE PLAINS, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessories brand, today reported financial results for the second quarter ended June 30, 2024. Second Quarter Highlights Net revenue was $76.5 million, an increase of 59% compared to the prior year period.Net loss was $(7.5) million or ($0.35) per share compared to a net loss of ($15.9)

WHITE PLAINS, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ:HEAR) a leading gaming headset and accessories brand, today announced it will report financial results for the second quarter 2024 on Thursday, August 8, 2024 after the close of trading on the Nasdaq Stock Market. In conjunction with reporting second quarter 2024 results, Turtle Beach will also host a conference call and audio webcast at 5:00p.m. ET / 2:00p.m. PT that same day to review the results. On the call, Cris Keirn, Chief Executive Officer, and John Hanson, Chief Financial Officer, will discuss the second quarter results and provide commentary on business performance. A question-and-answer sessi

Strong Product Demand Increases Net Revenue 8.6% Year-over-Year Diligent Cost Management Initiatives Significantly Improve Adjusted EBITDA Profitability Favorable Gaming Trends and Upcoming New Product Launches Position Turtle Beach for Continued Success Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company"), a leading gaming accessories brand, today reported financial results for the first quarter ended March 31, 2024. First Quarter Summary vs. Year-Ago Quarter: Net revenue was $55.8 million, an increase of 8.6% compared to $51.4 million a year ago; Net income was $0.2 million, or $0.01 per diluted share, compared to net loss of $6.7 million, or $0.40 per di

Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessory brand, today announced it will report financial results for the first quarter 2024 on Tuesday, May 7, 2024. In conjunction with reporting first quarter 2024 results, Turtle Beach will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's CEO, Cris Keirn, and CFO, John Hanson. A live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebeachcorp.com. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conferen

Highly Accretive Acquisition of Performance Designed Products Expands Product Portfolio, Strengthens Profitability and Meaningfully Enhances Size of Company Establishes a Powerhouse in Hardware Gaming Accessories with Leadership Positions in Console Headsets and Controllers, Amplified by Significant Financial Synergies Announces Intent to Launch a Modified Dutch Tender Offer to Repurchase up to $30 Million in Value of Its Common Stock Between Range of $13.75 - $15.00 Per Share Pro Forma Prospective Net Debt of 0.7X at Transaction Closing Leaves Meaningful Financial Cushion to Fund Additional Growth Initiatives and Capital Return Alternatives Announces the Appointment of Cris Keirn a

Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company"), a leading gaming accessories brand, today reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter Summary vs. Year-Ago Quarter: Net revenue was $99.5 million, a decrease of 1.3% compared to $100.9 million a year ago; Net income was $8.6 million, or $0.47 per diluted share, compared to net loss of $23.2 million, or $1.40 per diluted share, a year ago; Adjusted EBITDA improved to $14.0 million compared to $1.0 million a year ago. 2023 Full-Year Summary vs. 2022: Net revenue was $258.1 million, an increase of 7.5% compared to $240.2 million a year ago; N

Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessory brand, today announced it will report financial results for the fourth quarter and full year 2023 on Wednesday, March 13, 2024. In conjunction with reporting fourth quarter and full year 2023 results, Turtle Beach will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's Interim CEO and SVP of Global Sales, Cris Keirn, and CFO, John Hanson. A live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebeachcorp.com. To access the call by phone, please go to this link (registration link) and you will be provided with dial-in details. T

Q3 Revenue Increased 15% Year-over-Year Gross Margin % Continue to Improve; Delivers Highest Level in Six Quarters Company Raises Run Rate Profitability Outlook Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company") reported financial results for the third quarter ended September 30, 2023. Third Quarter Summary vs. Year-Ago Quarter: Net revenue was $59.2 million, an increase of 15.3% compared to $51.3 million a year ago; Net loss was $3.6 million, or $0.21 per diluted share, compared to net loss of $12.0 million, or $0.73 per diluted share, a year ago; Adjusted EBITDA improved to $1.0 million compared to an Adjusted EBITDA lo

Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessory brand, today announced it will report financial results for the third quarter 2023 on Tuesday, November 7, 2023. In conjunction with reporting third quarter 2023 results, Turtle Beach will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's Interim CEO and SVP of Global Sales, Cris Keirn, and CFO, John Hanson. A live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebeachcorp.com. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourage p

Revenue and Adjusted EBITDA Increased 16% and 54% Year-over-Year, Respectively Maintains Full Year 2023 Revenue and Adjusted EBITDA Guidance Provides Line-of-Sight to Exit 2023 with $25 - $30 million Adjusted EBITDA Run-Rate, In-Line with Long-Term Adjusted EBITDA Margin Target of 10+% Previously Announced Value Enhancement Committee Continues to Review Broad Range of Opportunities to Maximize Value Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company") reported financial results for the second quarter ended June 30, 2023. Second Quarter Summary vs. Year-Ago Quarter: Net revenue was $48.0 million, an increase of 16% compared to $

Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming headset and accessory brand, announced it will report financial results for the second quarter 2023 on Monday, August 7, 2023. In conjunction with reporting second quarter 2023 results, Turtle Beach will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's Interim CEO and SVP of Global Sales, Cris Keirn, and CFO, John Hanson. A live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebeachcorp.com. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourage particip

Raises Full Year Outlook Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company") reported financial results for the first quarter ended March 31, 2023. First Quarter Summary vs. Year-Ago Quarter: Net revenue was $51.4 million, an increase of 10% compared to $46.7 million a year ago; Net loss was $6.7 million, or $0.40 per diluted share, compared to net loss of $6.5 million, or $0.40 per diluted share, a year ago; Adjusted net loss was $4.4 million, or $0.27 per diluted share, compared to adjusted net loss of $6.3 million or $0.39 per diluted share, a year ago; Adjusted EBITDA loss improved to $2.3 million compared to adjusted E

Board Comments on Engagement with Immersion Turtle Beach Corporation (NASDAQ:HEAR, the "Company"))), a leading gaming headset and audio accessory brand, today announced that its Board of Directors (the "Board") has unanimously taken a series of actions consistent with its commitment to acting in the best interest of its shareholders and ensuring best-in-class governance practices. These actions are aligned with shareholder feedback and include: Implementation of a CEO succession plan, effective June 30, 2023; Election of a new independent Chairman and separation of CEO and Chairman roles going forward; Decision by two long tenured directors, Mr. Stark and Mr. Keitel, to not stand

Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessory business, announced it will report financial results for the first quarter 2023 on Thursday, May 4, 2023. In conjunction with this announcement, Turtle Beach will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's Chairman and CEO, Juergen Stark, and CFO, John Hanson. A live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebeachcorp.com. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen m

Expects Net Revenues for Fiscal Year 2023 to Increase Approximately 10% Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR) reported financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter Summary vs. Year-Ago Quarter: Net revenue was $100.9 million ($105.5 million in constant currency), compared to $109.4 million a year ago; Net loss was $23.2 million, or $1.40 per diluted share, compared to net income of $4.5 million, or $0.25 per diluted share, a year ago; Adjusted net income was $1.6 million, or $0.10 per diluted share, compared to adjusted net income of $2.8 million or $0.16 per diluted share, a year ago; Adjusted EBITD

Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessory business, announced it will report financial results for the fourth quarter 2022 on Monday, March 13, 2023. In conjunction with this announcement, Turtle Beach will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's Chairman and CEO, Juergen Stark, and CFO, John Hanson. A live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebeachcorp.com. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen

Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR), reported financial results for the third quarter ended September 30, 2022. Third Quarter Summary vs Year-Ago Period: Third quarter net revenue was $51.3 million, compared to $85.3 million a year ago, where the Company reported its second-highest third quarter; Third quarter net loss was $(12.0) million, or $(0.73) per diluted share, compared to net income of $2.6 million, or $0.14 per diluted share, a year ago; Third quarter adjusted EBITDA loss was $(6.9) million compared to adjusted EBITDA of $6.7 million a year ago, including a $(2.3) million impact from foreign exchange; and Third quarter recurring operating

Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessory business, announced it will report financial results for the third quarter 2022 on Thursday, November 3, 2022. In conjunction with this announcement, Turtle Beach will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's Chairman and CEO, Juergen Stark, and CFO, John Hanson. A live webcast of the call will be available on the "Events & Presentations" page of the Company's website at www.turtlebeachcorp.com. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifte

Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR), reported financial results for the second quarter ended June 30, 2022. Second Quarter Summary vs Year-Ago Period: Second quarter net revenue was $41.3 million, compared to $78.6 million a year ago, reflecting a challenging macroeconomic environment vs. a near record quarter last year; Second quarter net loss was $(17.8) million, or $(1.08) per diluted share, compared to net income of $1.7 million, or $0.09 per diluted share; and Second quarter adjusted EBITDA was $(12.1) million compared to $5.0 million. Management Commentary "While the underlying trends in the gaming market remain strong, our second quarter re

Will Maintain Focus on Driving Value for Stockholders as a Standalone Business Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company") today provided an update regarding its previously announced review of strategic alternatives. Over the course of the review, the Board's Strategic Committee (the "Strategic Committee"), in consultation with its financial and legal advisors, engaged in a proactive process to evaluate strategic opportunities, focused on a sale of the Company. As part of the review, the Strategic Committee, through its financial advisor, Bank of America, contacted and held discussions with 109 parties, which included strategic a

Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessory business, announced it will report financial results for the second quarter 2022 on Monday, August 8, 2022. In conjunction with this announcement, Turtle Beach will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's Chairman and CEO, Juergen Stark, and CFO, John Hanson. A live webcast of the call will be available on the "Events & Presentations" page of the Company's website at corp.turtlebeach.com. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen min

Company Continues Targeting Roughly $100 Million of Revenue Outside of Console Gaming Headset Business in 2022 with a Positive Contribution to EBITDA Maintains 2022 Financial Outlook Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR), reported financial results for the first quarter ended March 31, 2022. First Quarter Summary vs Year-Ago Quarter: Net revenue was $46.7 million, compared to $93.1 million; Net loss was $(6.5) million, or $(0.40) per diluted share, compared to net income of $8.8 million, or $0.49 per diluted share; Adjusted EBITDA loss was $(5.7) million compared to adjusted EBITDA of $15.3 million; and All three metrics met or exceeded expectation

Believes That Shareholders Will Read Written Correspondence and Recognize the Current Board is Entrenched and Refused Potential Bona Fide Suitor Notes Turtle Beach Alleges Donerail Has Made "Omissions" Regarding Engagement, So Donerail Is Compelled to Release Emails and Private Letter to Correct the Record Reinforces That Change is Badly Needed and Urges Shareholders to Vote the WHITE Proxy Card TODAY to Elect Donerail's Full Slate of Highly Qualified Directors The Donerail Group LP (together with its affiliates, "Donerail," "we" or "us"), one of the largest shareholders of Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company") and, who together with the other participa

Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessory business, announced it will report financial results for the first quarter 2022 on Wednesday, May 4, 2022. The Company's financial results for the period will be reported via press release after the close of regular stock market trading hours, followed by a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's Chairman and CEO, Juergen Stark, and CFO, John Hanson. Conference Call Details: Date: Wednesday, May 4, 2022 Time: 5:00 p.m. ET / 2:00 p.m. PT Toll-Free Dial-in Number / PIN: (866) 374-5140 / 84197153# International Dial-in Number: / PIN (404) 400-0571 / 84197153# For the conference call, please dial-in

Terry Jimenez, Former CEO and Board Member of Tribune Publishing Company, Affirms Donerail's Credibility as an Acquirer Jimenez Served as the CFO of Tribune When Donerail Made Its Bid to Acquire Tribune Jimenez Declares Donerail's Acquisition Financing Structure to Be Credible and Is Surprised Turtle Beach's Board Did Not Engage in Good Faith with Donerail The Donerail Group LP (together with its affiliates, "Donerail," "we" or "us"), which collectively with the other participants in its solicitation beneficially owns approximately 8.3% of the outstanding shares of Turtle Beach Corporation (NASDAQ:HEAR) ("Turtle Beach" or the "Company"), today issued the below statement: While Donerail

Strong Product Demand, Successful Expansion into Non-Console-Headset Categories, and Disciplined Supply Chain and Logistics Navigation Delivered Record Full Year Revenue Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR), reported financial results for the full year and fourth quarter ended December 31, 2021. 2021 Full-Year Summary vs. 2020: Net revenue was $366.4 million, compared to $360.1 million a year ago; Net income was $17.7 million, or $0.97 per diluted share, compared to net income of $38.7 million, or $2.37 per diluted share; and Adjusted EBITDA was $36.6 million compared to $61.4 million. Fourth Quarter Summary vs Year-Ago Quarter: Net revenue was $

Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessory business, announced it will report financial results for the fourth quarter and full year 2021 on Wednesday, March 2, 2022. The Company's financial results for the period will be reported via press release after the close of regular stock market trading hours, followed by a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's Chairman and CEO, Juergen Stark, and CFO, John Hanson. Conference Call Details: Date: Wednesday, March 2, 2022 Time: 5:00 p.m. ET / 2:00 p.m. PT Toll-Free Dial-in Number: (877) 303-9855 International Dial-in Number: (408) 337-0154 Conference ID: 8270996 For the conference call, please di

Remains on Track to Deliver Year-over-Year Revenue Growth Following Record 2020; Updates 2021 Outlook Due to Impact from Supply and Logistics Constraints Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR), reported financial results for the third quarter and nine months ended September 30, 2021. Third Quarter 2021 Summary vs. Year-Ago Period: Net revenue was $85.3 million compared to $112.5 million a year ago when the Company posted a historic 141% increase; Net income was $2.6 million, or $0.14 per diluted share, compared to net income of $17.8 million, or $1.04 per diluted share; Adjusted EBITDA was $6.7 million compared to $27.6 million; Cash balance grew to

Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessory business, announced it will report financial results for the third quarter 2021 on Thursday, November 4, 2021. The Company's financial results for the period will be reported via press release after the close of regular stock market trading hours, followed by a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's Chairman and CEO, Juergen Stark, and CFO, John Hanson. Conference Call Details: Date: Thursday, November 4, 2021 Time: 5:00 p.m. ET / 2:00 p.m. PT Toll-Free Dial-in Number: (877) 303-9855 International Dial-in Number: (408) 337-0154 Conference ID: 5754117 For the conference call, please dial-in 5-10

Delivered Record First Half Results and Maintained 2021 Outlook for Record Year Leading gaming accessory maker Turtle Beach Corporation (NASDAQ:HEAR), reported financial results for the second quarter ended June 30, 2021. The Company is also providing year-to-date performance alongside its second quarter summary results given the unusual quarterly dynamics in 2020 and 2021. Second Quarter and First Half 2021 Summary vs. Year-Ago Period: Second quarter net revenue was $78.6 million compared to $79.7 million a year ago; first half 2021 net revenue was up 50%; Second quarter net income of $1.7 million, or $0.09 per diluted share, compared to net income of $8.2 million, or $0.51 per dilut

Turtle Beach Corporation (NASDAQ:HEAR), a leading gaming accessory business, announced it will report financial results for the second quarter 2021 on Thursday, August 5, 2021. The Company's financial results for the period will be reported via press release after the close of regular stock market trading hours, followed by a conference call at 5:00 p.m. ET / 2:00 p.m. PT with the Company's Chairman and CEO, Juergen Stark, and CFO, John Hanson. Conference Call Details: Date: Thursday, August 5, 2021 Time: 5:00 p.m. ET / 2:00 p.m. PT Toll-Free Dial-in Number: (800) 708-4540 International Dial-in Number: (847) 619-6397 Conference ID: 50199322 For the conference call, please dial-in 5-10 mi