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Turtle Beach Corporation (NASDAQ: HEAR) designs innovative, market-leading audio products that cater to a global audience. Under its award-winning Turtle Beach brand, the company offers a vast selection of highly acclaimed gaming headsets compatible with Xbox One, PlayStation®4, personal computers, and mobile/tablet devices. These headsets are recognized for their superior sound quality and ergonomic design, solidifying Turtle Beach as a leader in the gaming accessories market.
Beyond headsets, the company has expanded its product lineup to include game controllers, flight and racing simulation accessories, keyboards, mice, and high-quality microphones. Turtle Beach operates on a global scale, with products available through major retailers like Amazon, Argos, Best Buy, GAME, GameStop, EB Games, Media Markt, Saturn, Target, and Walmart. A substantial portion of the company's revenue is generated during the holiday season, with North America being its largest market.
Through its HyperSound brand, Turtle Beach markets pioneering directed audio solutions utilized in digital signage, kiosks, consumer electronics, and hearing healthcare. These innovative products are designed to offer a more focused and immersive audio experience, making significant strides in both commercial and consumer sectors.
With nearly five decades of expertise in audio technology, Turtle Beach continues to innovate and expand its product offerings. The company's commitment to delivering high-quality audio solutions is evident in its numerous partnerships and recent achievements. Turtle Beach's financial condition remains robust, with continuous efforts to develop new technologies and enhance user experiences.
Turtle Beach Corporation (NASDAQ: HEAR) has launched its Environmental, Social, and Governance (ESG) program, named Play with Purpose. This initiative aims to reduce the company’s carbon footprint, eliminate plastic packaging, and enhance diversity in the workplace. Key goals include reducing plastic use in product packaging by 88% for select products and introducing carbon-neutral products by 2023. The program also emphasizes community involvement and supports underrepresented groups in gaming. Turtle Beach has engaged RPS Group to bolster its ESG strategy.
Turtle Beach Corporation (NASDAQ: HEAR) will report its financial results for Q1 2022 on Wednesday, May 4, 2022. The results will be issued after market close, followed by a conference call at 5:00 p.m. ET with Chairman and CEO Juergen Stark and CFO John Hanson. Investors can dial in using the toll-free number (866) 374-5140 or the international number (404) 400-0571.
The call will also be broadcast live and available for replay via the investor relations section of the Turtle Beach website.
Terry Jimenez, former CEO of Tribune Publishing, has endorsed Donerail Group's acquisition bid for Turtle Beach Corporation (HEAR). He stated that Donerail's financing structure was credible and criticized Turtle Beach's Board for not engaging in good faith. Jimenez revealed that Donerail's initial offer of $36.50 per share was deemed insufficient by the Board, despite acknowledging Donerail's financial capabilities. He noted that Turtle Beach shares are now nearly 50% lower than the rejected offer and called for shareholder scrutiny of the Board's decisions.
Turtle Beach Corporation shareholder Donerail Group LP owns approximately 8.5% of the company and expresses enthusiasm for change ahead of the June Annual Meeting. The letter highlights the company's significant underperformance under CEO Juergen Stark, with shares lagging industry peers by over 150% and EBITDA margins halved. Donerail proposes a comprehensive value creation plan aimed at improving profit margins and enhancing growth. Shareholders are reminded to ensure their shares can be voted by the April 8 record date.
Turtle Beach Corporation (NASDAQ: HEAR) announced the launch of the Stealth 700 Gen 2 MAX, a premium wireless gaming headset featuring multiplatform compatibility and over 40 hours of battery life. The headset connects via wireless USB or Bluetooth and supports various gaming systems including Xbox, PlayStation, and Nintendo Switch. It is available for pre-order at
Turtle Beach Corporation (NASDAQ: HEAR) has launched the Burst Pro Air, a lightweight, ergonomic wireless gaming mouse designed for FPS gamers. Weighing only 81g, it features a 19K DPI Owl-Eye Optical sensor and Titan Optical Switches for rapid actuation and precision. With a battery life of up to 100 hours and quick charging capabilities, the mouse ensures optimal performance during gameplay. The Burst Pro Air is now available for pre-order and will officially launch on April 26, 2022.
The new Kone XP PC gaming mouse from Turtle Beach Corporation (Nasdaq: HEAR) features 15 buttons, 29 assignable functions, and over 20 RGB LEDs. Retailing at $89.99, it boasts a 19K DPI Owl-Eye sensor, Titan Optical Switches for rapid actuation, and advanced ergonomics. Top publications like T3.com and PCMag.com have highly rated the mouse, with PCMag awarding it 4.5/5. The Kone XP is designed for diverse gaming genres, emphasizing comfort and customization.
Turtle Beach Corporation (NASDAQ: HEAR) announced that CEO Juergen Stark will present at the 2022 Virtual Growth Conference hosted by Maxim Group LLC from March 28 to 30, 2022. The event will occur from 9:00 a.m. to 5:00 p.m. EDT and will feature presentations and discussions across various sectors, including Gaming & Entertainment. Investors interested in attending the conference can sign up on the M-Vest platform. Turtle Beach is recognized for its innovative gaming accessories and has been a leader in console gaming audio for over a decade.
Turtle Beach Corporation (NASDAQ: HEAR) announced its intent to counter Donerail Group's board nominations, stating that the group lacks a value proposition for shareholders. The company recorded a 10% EBITDA margin amid challenges in the year and anticipates approximately $100 million in non-console headset revenues for 2022. Over the last five years, Turtle Beach has achieved over 350% total shareholder returns, with significant revenue and EBITDA growth of 111% and 812%, respectively. The firm is committed to maximizing shareholder value while maintaining an engaged and qualified board.
Turtle Beach (NASDAQ: HEAR) and ROCCAT have launched the new Scout Air and SYN Buds Air true wireless gaming earbuds, designed for mobile gamers. These earbuds feature a 60ms low-latency Game Mode, dual mics for clear voice chat, and a robust battery life of 20 hours. They are IPX4-rated for sweat and water resistance and come with customizable touch controls. Available for $99.99, they can connect to various Bluetooth-enabled devices. This release reflects the company's strategic expansion in the growing mobile gaming market.
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