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Turtle Beach Corporation - HEAR STOCK NEWS

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

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.

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Turtle Beach Corporation (NASDAQ: HEAR) announces the restock of its highly acclaimed VelocityOne Flight controller, a popular product among flight simulation enthusiasts. Initially released in November 2021, this controller has seen multiple sell-outs due to significant demand. Priced at $379.95, it offers a comprehensive flying experience for Xbox and PC gamers. Developed with expertise from aeronautical engineers, the VelocityOne Flight delivers realistic controls and has garnered multiple industry awards for its innovative design and performance.

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Turtle Beach Corporation (Nasdaq: HEAR) has announced preliminary 2021 results, forecasting approximately $365 million in revenue, aligning with prior guidance. Adjusted EBITDA is expected near the lower end of the $36-$44 million range. CEO Juergen Stark highlighted proactive measures taken amidst industry challenges, including weak retail traffic and constrained console supplies. The company anticipates that 20% of 2021 revenues will come from new categories such as PC accessories and controllers. Final audited results are expected in March 2022.

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Turtle Beach Corporation (Nasdaq: HEAR) has issued a response to misleading claims made by Donerail Group. The Board emphasizes its commitment to maximizing shareholder value through strategic alternatives, noting significant shareholder returns of over 350% in the last five years. The Board raises concerns about Donerail's financing capabilities, highlighting its lack of credible proof despite engagement attempts. They assert their willingness to evaluate any credible offer that benefits shareholders while stressing the misleading nature of Donerail's public statements.

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Bumblebee II is a newly launched USB condenser microphone from Neat Microphones, a brand under Turtle Beach Corporation (NASDAQ: HEAR), priced at just $99.99. This microphone features a 25mm capsule, promising professional-quality 24 Bit/96 kHz digital audio, ideal for content creators, streamers, and professionals.

With substantial improvements over its predecessor, the Bumblebee, it aims to deliver enhanced audio capture while maintaining affordability. The Bumblebee II is now available at major retailers like Amazon and Target.

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Turtle Beach's ROCCAT brand has launched the Vulcan TKL Pro Arctic White, a compact gaming keyboard designed for serious PC gamers. Priced at $159.99, it features Titan Optical Switches that are 40 times faster than traditional mechanical switches and boast a lifecycle of 100 million keystrokes. The keyboard's compact design enhances mouse movement space, and it comes with a sleek aluminum plate for durability. Additionally, it includes AIMO RGB lighting and is available both online and in retail stores.

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Turtle Beach Corporation (Nasdaq: HEAR) announced the launch of the Worker Bee II microphone, priced at $99.99. This new model is designed for recording, podcasting, and streaming, promising high-quality sound reproduction. It builds on the success of the original Worker Bee, which was well-received by professionals. The microphone features solid-state cardioid condenser technology and a compact design, making it versatile for various recording environments. The Worker Bee II is available through major retailers including Amazon and Sweetwater.

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Turtle Beach Corporation (NASDAQ: HEAR) announces a diverse lineup of gaming accessories, including headsets and controllers, for the holiday season. The company highlights its successful Recon Controller and VelocityOne Flight products, both receiving positive reviews. Turtle Beach's headsets continue to outperform competitors, while its ROCCAT peripherals gain global market share. The introduction of new microphones from Neat Microphones strengthens its audio capture segment. This expansion showcases Turtle Beach's drive for innovation and leadership in gaming accessories.

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Turtle Beach Corporation (HEAR) announced the launch of its Worker Bee II microphone, priced at $99.99. This cardioid condenser microphone features a 25mm capsule and discrete Class A electronics, promising high-quality sound for recording, podcasting, and streaming. Set for release on December 6, 2021, it is now available for pre-order from major retailers. The microphone is designed to capture detailed audio, making it ideal for both vocals and instruments, catering to the growing demand in the audio recording market.

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Bumblebee II is the latest USB condenser microphone from Neat Microphones, a Turtle Beach brand, priced at $99.99. This microphone offers professional-quality 24 Bit/96 kHz digital audio, featuring a 25mm capsule—the largest in its price range. Launching on December 12, 2021, it targets content creators, gamers, and musicians. Improvements over its predecessor include superior audio capture. The Bumblebee II is available for pre-order at major retailers like Amazon and zZounds.

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Turtle Beach Corporation (NASDAQ: HEAR) has launched the King Bee II XLR microphone at a MSRP of $169.99. This new model enhances the legacy of the original King Bee, known for its studio-quality sound at an accessible price. The King Bee II features a large 34mm precision gold-sputtered true condenser capsule and Class-A discrete electronics for exceptional sound clarity. Available at major retailers like Amazon and Sweetwater, this product aims to satisfy the needs of vocalists, musicians, and content creators looking for high performance.

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FAQ

What is the current stock price of Turtle Beach Corporation (HEAR)?

The current stock price of Turtle Beach Corporation (HEAR) is $15.96 as of December 23, 2024.

What is the market cap of Turtle Beach Corporation (HEAR)?

The market cap of Turtle Beach Corporation (HEAR) is approximately 317.1M.

What does Turtle Beach Corporation specialize in?

Turtle Beach Corporation specializes in gaming accessories, including headsets, controllers, keyboards, mice, and simulation hardware.

What is the Turtle Beach brand known for?

The Turtle Beach brand is known for its award-winning gaming headsets, which are highly acclaimed for their superior sound quality and ergonomic design.

Under what brands does Turtle Beach Corporation operate?

Turtle Beach Corporation operates under the Turtle Beach and HyperSound brands.

Where can Turtle Beach products be purchased?

Turtle Beach products are available through major retailers such as Amazon, Argos, Best Buy, GAME, GameStop, EB Games, Media Markt, Saturn, Target, and Walmart.

What markets does Turtle Beach Corporation serve?

Turtle Beach Corporation serves a global market, with North America being its largest revenue generator.

What are the applications of HyperSound products?

HyperSound products are used in digital signage, kiosks, consumer electronics, and hearing healthcare for a focused and immersive audio experience.

How long has Turtle Beach Corporation been in the audio technology industry?

Turtle Beach Corporation has nearly five decades of expertise in the audio technology industry.

What are some of the recent achievements of Turtle Beach Corporation?

Recent achievements of Turtle Beach include continuous innovation in audio technology and the expansion of its product lineup to include game controllers and simulation accessories.

How does Turtle Beach Corporation generate most of its revenue?

A substantial portion of Turtle Beach Corporation's revenue is generated during the holiday season.

What is the significance of Turtle Beach Corporation's financial condition?

Turtle Beach Corporation's robust financial condition supports its continuous efforts to develop new technologies and enhance user experiences.

Turtle Beach Corporation

Nasdaq:HEAR

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HEAR Stock Data

317.05M
14.43M
28.13%
69.4%
4.16%
Consumer Electronics
Communications Equipment, Nec
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United States of America
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