WHITE PLAINS, N.Y., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: HEAR), a leading gaming accessories provider, today announced that it will update its ticker symbol to “TBCH” effective January 7, 2025. This change reflects Turtle Beach's evolution and ongoing growth as a dominant force in the broader gaming accessories market.
– 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 –
Turtle Beach's financial history has been turbulent, but the PDP acquisition has repositioned the company into clearly higher margins and better scale at a cheap acquisition multiple. The gaming accessories industry has clear long- and short-term tailwinds, aiding Turtle Beach in achieving likely good organic growth in the future. The investment still has elevated risks, ranging from the cut of a previously important brand partnership to continued PDP integration's success and other risks.
Turtle Beach (HEAR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Canadian Gamers Can Now Find the Latest Turtle Beach Gaming Accessories at Best Buy Canada Turtle Beach Launches a Variety of New Gaming Accessories in Mexico & Colombia & Expands into Chile WHITE PLAINS, N.Y., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Leading gaming accessories maker Turtle Beach Corporation (Nasdaq: HEAR) is bringing its best-selling and award-winning gaming accessories to more gamers in key international markets, including Canada and Latin America.
WHITE PLAINS, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: HEAR), a leading gaming headset and accessories brand, today announced that Chief Financial Officer and Treasurer John Hanson, has informed the Company of his intent to retire after an over 45-year career in leadership, operational, and strategic finance roles. The Company has retained Korn Ferry, an executive recruiting firm, to assist in the search for his successor, and the search will include both external and internal candidates. Mr. Hanson is expected to remain in his current role until a successor is appointed and to remain with Turtle Beach in an advisory capacity following the successor appointment to support continuity and a smooth transition.
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.
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