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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.
VelocityOne Flight by Turtle Beach has made a significant impact by selling out globally within minutes during its launch. The product, which received the 'Best of Show' award from Android Authority, is aimed at flight simulation enthusiasts. Pre-orders sold out in under 15 minutes in major markets like the U.S., UK, and Germany. The product features an integrated yoke and throttle quadrant, providing both experienced users and newcomers an immersive experience. The retail price is set at $379.95.
Turtle Beach Corporation (Nasdaq: HEAR) reported third quarter 2021 results showing net revenue of $85.3 million, down from $112.5 million year-over-year. Net income fell to $2.6 million, or $0.14 per diluted share, compared to $17.8 million, or $1.04 last year. Adjusted EBITDA also decreased to $6.7 million from $27.6 million.
Despite challenges, revenues for the nine months increased to $256.9 million from $227.2 million. Management expects full-year revenue between $365M-$380M, reflecting ongoing supply chain impacts. The company maintains a cash balance of $28.1 million, with no debt.
Turtle Beach Corporation (NASDAQ: HEAR) announced that the pre-orders for its VelocityOne Flight simulation control system sold out within minutes across the U.S., UK, and Germany. With over 21,000 fans waiting for availability, the product highlights Turtle Beach's entry into the flight simulation hardware market. CEO Juergen Stark emphasized the positive start, stating additional units will be available post-launch on November 14. The VelocityOne Flight system features a 180° yoke handle and modular throttle quadrant for enhanced user experience.
Turtle Beach Corporation (NASDAQ: HEAR) has announced the pre-order availability of its VelocityOne Flight simulation control system, designed for Xbox and PC. This system aims to enhance the flight simulation experience, particularly for Microsoft Flight Simulator 2020. The product has received acclaim as the “Best of Show” at E3 2021 and taps into a growing market projected to be worth $1 billion. With over 21,000 fans expressing interest, the controller is priced at $379.95 and integrates advanced controls for a realistic flying experience.
Turtle Beach Corporation (NASDAQ: HEAR) announced a new partnership with popular streamer Jessica Blevins. Blevins, who streams on various platforms including Twitch, Instagram, and TikTok, will use ROCCAT’s award-winning gaming accessories, including the Syn Pro Air headset, Kone Pro mouse, and Vulcan TKL Pro keyboard. This collaboration aims to enhance the gaming experience for both Blevins and her followers, highlighting ROCCAT's innovative technology and design.
Turtle Beach Corporation (Nasdaq: HEAR) will announce its third quarter 2021 financial results on November 4, 2021, following the close of market trading. There will be a conference call at 5:00 p.m. ET featuring CEO Juergen Stark and CFO John Hanson. Interested parties can join the call using a toll-free dial-in number or access it online. Turtle Beach continues to lead the gaming accessories market with its innovative products, catering to gamers with premium audio solutions.
ROCCAT, the PC peripheral brand of Turtle Beach (NASDAQ: HEAR), has announced the pre-order availability of its new Vulcan TKL Pro White keyboard, designed for gamers seeking a sleek Arctic White setup. This tenkeyless keyboard features the latest Titan Optical Switches, providing up to 100 million keystrokes and faster response times. Priced at
Turtle Beach Corporation has announced the pre-order availability of its new King Bee II XLR microphone at an MSRP of
The King Bee II builds on the success of its predecessor, aiming to deliver superior sound quality for various applications, including vocals and instruments, thanks to its advanced design and technology.
Turtle Beach (NASDAQ: HEAR) has partnered with Mexican TV personality and gaming influencer Javier Rodriguez. This marks Turtle Beach's first partnership in Latin America, targeting the growing gaming community in the region. Rodriguez, a pioneer in esports in Mexico and founder of the Mexican Esports Federation, will feature Turtle Beach’s Stealth 600 Gen 2 and Recon 200 Gen 2 headsets. The collaboration aims to expand Turtle Beach's presence among Latin American gamers.
Turtle Beach Corporation (Nasdaq: HEAR) has launched the Skyline desktop USB microphone, priced at
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