Turtle Beach Corp (OQ:HEAR)
Business Focus: Computer Hardware
| Sector: Technology | Industry: Computer Hardware |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 44 South Broadway, 4Th Floor WHITE PLAINS NY 10601 |
| Tel: | N/A |
| Website: | https://corp.turtlebeach.com |
| IR: | See website |
| Key People | ||
| Cristopher Keim Chief Executive Officer, Director | John T. Hanson Chief Financial Officer, Treasurer, Secretary | |
| Business Overview |
| Turtle Beach Corporation (Turtle Beach) is an audio and gaming technology company. Turtle Beach is engaged in developing, commercializing, and marketing products under Turtle Beach and ROCCAT brands. The Company is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers (PC), tablets and mobile devices. Its PC peripherals brand, ROCCAT, creates PC gaming keyboards, mice and other gaming accessories focused on the PC gaming market. The Turtle Beach brand has a market of gaming headsets with a portfolio of headsets for Xbox, PlayStation, and Nintendo consoles, as well as for PCs and mobile/tablet devices. It also includes the Neat Microphones brand, which creates, manufactures, and sells digital universal serial bus (USB) and analog microphones. Its subsidiaries include VTB Holdings, Inc., Voyetra Turtle Beach, Inc., TBC Holding Company LLC, Turtle Beach Europe Limited and TB Germany GmbH. |
| Financial Overview |
| For the three months ended 31 March 2024, Turtle Beach Corp revenues increased 9% to $55.8M. Net income totaled $155K vs. loss of $6.7M. Revenues reflect Asia Pacific segment increase from $1M to $2.7M, North America segment increase of 4% to $42.2M. Net Income reflects Stock-based Compensation in SGA decrease of 72% to $263K (expense), General and administrative - Balancing v decrease of 11% to $5.4M (expense). |
| Employees: | 223 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $372.07M as of Mar 31, 2024 |
| Annual revenue (TTM): | $262.53M as of Mar 31, 2024 |
| EBITDA (TTM): | -$0.22M as of Mar 31, 2024 |
| Net annual income (TTM): | -$10.82M as of Mar 31, 2024 |
| Free cash flow (TTM): | $23.31M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $28.14M as of Mar 31, 2024 |
| Shares outstanding: | 21,522,744 as of Apr 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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