Turtle Beach - HEAR STOCK NEWS

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 $99.99, these earbuds feature low-latency Game Mode, providing 60ms feedback essential for in-game audio. They boast 20 hours of battery life, are IPX4-rated for sweat and water resistance, and include customizable audio controls via dedicated apps. Pre-orders are available now, with a retail launch set for March 21, 2022.

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 $36.6 million, which fell 27% below earlier guidance. Donerail calls for management to halt acquisition discussions until after the 2022 Annual Meeting of Shareholders, advocating for the nomination of experienced directors to improve company performance.

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 Donerail has withdrawn its acquisition offer and is now focused on nominating an independent slate of directors at the upcoming Annual Meeting to revamp the Board and enhance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 $129.99, the Stealth 600 Gen 2 USB offers 24+ hours of battery life at $99.99. Both models promise enhanced audio quality and immersive sound experiences, reinforcing Turtle Beach's position in the gaming accessory market.

Turtle Beach's ROCCAT brand has launched the new Kone XP PC gaming mouse, available for pre-order at $89.99. This mouse, designed with 15 customizable buttons and 29 functions, features an Owl-Eye 19K DPI optical sensor and Titan Optical Switches for high precision and speed. The Kone XP also boasts advanced ergonomics and stunning 3D RGB lighting, making it suitable for a variety of uses beyond gaming. The product officially launches on March 29, 2022.

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.