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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 announced the pre-order availability of its new Kone XP PC gaming mouse, featuring support for NVIDIA Reflex Analyzer. Set to launch on March 29, 2022, this mouse boasts a 19K DPI optical sensor, 15 buttons, and customizable functions totaling 29. With advanced 3D RGB lighting and ultra-fast Titan Optical Switches, the Kone XP aims to enhance gaming responsiveness and accuracy. It is priced at $89.99 and is part of ROCCAT’s ongoing innovation in gaming peripherals.
Turtle Beach (NASDAQ: HEAR) and ROCCAT have launched the Scout Air and SYN Buds Air, true wireless gaming earbuds designed for gamers on-the-go. With a retail price of
The Donerail Group LP, a major shareholder of Turtle Beach Corporation (NASDAQ: HEAR), issued a letter expressing dissatisfaction with the company's management and 2021 financial results. The group criticized the CEO's statement of being 'pleased' with 2021 EBITDA of
Turtle Beach Corporation (Nasdaq: HEAR) reported record full-year revenue of $366.4 million for 2021, slightly up from $360.1 million in 2020. However, net income declined to $17.7 million from $38.7 million, reflecting increased operating expenses and higher logistics costs. The fourth quarter saw revenues of $109.4 million, an 18% decrease year-over-year. The company expects flat revenue for 2022, with ongoing challenges from market decline and elevated costs impacting margins and profitability.
Donerail Group, a major shareholder of Turtle Beach (NASDAQ: HEAR), is advocating for significant changes in the company’s leadership, citing years of ineffective governance and poor performance. Since CEO Juergen Stark took over in 2014, Turtle Beach's stock has plummeted over 60%. Donerail has withdrawn its acquisition offer and is now focused on nominating an independent slate of directors at the upcoming Annual Meeting to revamp the Board and enhance operational efficiency, capital allocation, and governance.
Turtle Beach Corporation (NASDAQ: HEAR) has launched two new wireless gaming headsets: the Stealth 600 Gen 2 MAX and Stealth 600 Gen 2 USB. The Stealth 600 Gen 2 MAX features 48+ hours of battery life and multiplatform connectivity, compatible with various gaming systems like Xbox and PlayStation. Priced at
Turtle Beach's ROCCAT brand has launched the new Kone XP PC gaming mouse, available for pre-order at
Turtle Beach Corporation (NASDAQ: HEAR) is set to release its financial results for the fourth quarter and full year 2021 on March 2, 2022, after market close. A conference call will follow at 5:00 p.m. ET, featuring Chairman and CEO Juergen Stark and CFO John Hanson. This event will provide insights into the company's performance and strategic direction. Turtle Beach, known for its high-quality gaming accessories, continues to innovate, having expanded its product range in 2021.
Turtle Beach Corporation (NASDAQ: HEAR) has announced a partnership with YouTube sensation MrBeast to promote his new snack brand, Feastables. The collaboration, which runs through April 2022, will offer gamers and fans over 360 chances to win various gaming accessories. The first product from Feastables is the MrBeast Bar, a gluten-free chocolate bar made from four simple ingredients. This strategic alliance aims to enhance brand visibility and consumer engagement across both gaming and snacking markets.
Turtle Beach (NASDAQ: HEAR) has launched its new Syn Buds Core gaming earbuds, designed for gamers seeking quality audio on the go. Featuring 10mm drivers for immersive sound, the wired earbuds include a 1.2-meter cable with in-line mic and volume control. They retail for $24.99 and come with a carrying case and multiple silicone ear tips for comfort. The earbuds are compatible with any 3.5mm audio device, aiming to enhance mobile gaming experiences. Turtle Beach emphasizes their affordability and quality, positioning the Syn Buds Core as a versatile choice for gamers.
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