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Turtle Beach - HEAR STOCK NEWS

Welcome to our dedicated page for Turtle Beach news (Ticker: HEAR), a resource for investors and traders seeking the latest updates and insights on Turtle Beach stock.

Turtle Beach Corporation (HEAR) delivers cutting-edge audio solutions for gaming and professional applications. This centralized hub provides verified updates on product launches, financial results, and strategic initiatives driving innovation in immersive sound technology.

Find official press releases covering earnings reports, headset developments, and Hypersound technology deployments. Our curated collection ensures transparent access to material events affecting HEAR's position in consumer electronics and directed audio markets.

Bookmark this resource for real-time updates on Turtle Beach's market leadership. Stay informed about gaming audio advancements and emerging applications in healthcare and digital signage through primary-source documentation.

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Turtle Beach’s award-winning brand, ROCCAT, has launched the Kone XP Air, a customizable wireless RGB gaming mouse, now available worldwide for $169.99. Featuring 29 programmable inputs, it utilizes ROCCAT’s Owl-Eye 19K DPI optical sensor and Titan Optical Switches, providing fast performance and high durability. The mouse is complemented by a Rapid Charge Dock offering 100 hours of gameplay on a full charge, and only 10 minutes of charging provides up to 5 hours of playtime. Reviews praised the mouse for its ergonomics and RGB features.

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Turtle Beach Corporation (NASDAQ: HEAR) has launched its REACT-R™ Controller for Xbox and PC gamers at an MSRP of $39.99. This controller features the exclusive Superhuman Hearing® sound setting, enhancing audio for competitive gameplay. Previously released in the UK and Europe, the REACT-R received positive reviews, including a 4.5/5 rating from GamesRadar. The controller offers compatibility with Xbox Series X|S and incorporates ergonomic design elements, customizable buttons, and vibration feedback.

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Turtle Beach Corporation (Nasdaq: HEAR) reported its Q2 2022 results, with net revenue at $41.3 million, down from $78.6 million year-over-year. The company faced a net loss of $(17.8) million, equating to $(1.08) per diluted share, contrasting with a net income of $1.7 million last year. Adjusted EBITDA also turned negative at $(12.1) million. The decline was attributed to rising inflation, supply chain issues, and a strong dollar. While management remains optimistic about the gaming market's long-term prospects, they anticipate revenue for the full year to be between $250 million and $275 million.

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Turtle Beach Corporation (NASDAQ: HEAR) has concluded its review of strategic alternatives, including a potential sale, after engaging with 109 parties. The Board's Strategic Committee found no suitable acquisition proposals due to current market dynamics, a challenging financing environment, and inflation impacting consumer discretionary spending. Despite robust interest, the outreach to potential buyers will stop, although the committee will continue evaluating strategic opportunities. The company remains committed to maximizing stockholder value as a standalone business, emphasizing confidence in its prospects in the gaming market.

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Turtle Beach Corporation (NASDAQ: HEAR) will report its second quarter 2022 financial results on August 8, 2022. A conference call is scheduled for 5:00 p.m. ET, featuring CEO Juergen Stark and CFO John Hanson. Investors can access the call via phone or through a live webcast on the company's website. Turtle Beach is a prominent player in the gaming accessory industry, known for high-quality headsets and gaming products. The company recently expanded its product line to include game controllers and simulation accessories.

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Rhea-AI Summary

Turtle Beach Corporation (Nasdaq: HEAR) announced the launch of the Kone XP Air, a new wireless customizable RGB gaming mouse, enhancing its ROCCAT brand's lineup. Built on 15 years of research, the mouse features a precise 19K DPI optical sensor, Titan Optical Switches for fast response times, and a lightweight design at just 99g. It includes a Rapid Charge Dock with up to 100 hours of gameplay per charge, available for pre-order at $169.99. The Kone XP Air will be officially released on August 22, 2022.

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Turtle Beach Corporation (Nasdaq: HEAR) has launched the new Designed for Xbox REACT-R™ Controller, priced at $39.99, enhancing its product lineup in the ~$600 million gamepad market. The REACT-R will be available in the U.S. on August 17, 2022 and is currently available for pre-order. Alongside, the company introduces an Arctic Camo colorway for its Recon Controller, which has received accolades, including a 9/10 rating from IGN. Turtle Beach aims to expand gaming accessory offerings with this initiative.

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Turtle Beach Corporation (NASDAQ: HEAR) has strengthened its partnership with Gen.G Esports, becoming the audio partner for the Seoul Dynasty Overwatch League team. This collaboration allows Gen.G's teams to utilize Turtle Beach and ROCCAT products, showcasing their premium gaming gear like the Syn Pro Air headsets and Elite Pro 2 headsets. Following a successful first year, this partnership aims to enhance gaming experiences and create engaging content for fans, while furthering Turtle Beach's growth in the Korean market.

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Turtle Beach (NASDAQ: HEAR) has partnered with Chauncey Gardner-Johnson, New Orleans Saints safety, to showcase its gaming accessories including popular ROCCAT products. Gardner-Johnson will utilize Turtle Beach's console and PC gaming accessories, enhancing visibility for the brand among gamers. His setup includes the Kone Pro Air mouse, Vulcan TKL Pro keyboard, and Syn Pro Air headset, showcasing the aim for quality and performance. This collaboration reflects Turtle Beach's strategy of aligning with pro athletes and influencers to drive brand awareness in the competitive gaming market.

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Nasdaq:HEAR

HEAR Rankings

HEAR Stock Data

350.79M
14.41M
28.13%
69.34%
3.95%
Consumer Electronics
Communications Equipment, Nec
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United States
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