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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 (NASDAQ: HEAR) has launched the Recon™ 200 Gen 2 multiplatform gaming headset, priced at $59.95. This headset features enhanced audio capabilities, including 40mm speakers with Bass Boost, Variable Mic Monitoring, and compatibility with major gaming consoles. It has a 12-hour battery and can function in passive mode. The Gen 2 model offers improved comfort with memory foam cushions and a reinforced headband, and is available for pre-order, launching on September 19, 2021.
Turtle Beach Corporation (Nasdaq: HEAR) has issued a statement addressing misleading claims from The Donerail Group regarding an acquisition proposal. The Board stated that Donerail's proposal remains preliminary, contingent, and non-binding. Turtle Beach has engaged with Donerail but remains concerned about its financing capabilities and the proposed acquisition price. Despite ongoing discussions, Donerail has not provided necessary diligence items or established a non-disclosure agreement for further negotiations. The Board is open to credible offers but requires proper conditions for engagement.
Turtle Beach has launched the Torch Microphone, a USB mic aimed at gamers, streamers, and creators, priced at $99.99. This device boasts 24-bit audio quality, a dual condenser design, and latency-free Mic Monitoring. Users can choose among three pick-up patterns: Cardioid, Stereo, and an exclusive Whisper mode. The mic also features gesture-activated mute, mixer-style controls, and AIMO RGB lighting. The Torch is now available through global retailers and on ROCCAT.com.
Turtle Beach (NASDAQ: HEAR) has extended its partnership with League of Legends streamer KayPea in a new multi-year deal. This agreement includes the continued use of Turtle Beach’s Elite Pro 2 gaming headsets and now incorporates ROCCAT's acclaimed PC accessories, such as the Kain 200 mouse and Magma keyboard. KayPea has grown a diverse audience of over two million fans since 2013, and her involvement aims to inspire aspiring gamers across various backgrounds.
Turtle Beach Corporation (Nasdaq: HEAR) reported its Q2 2021 results, revealing net revenues of $78.6 million, a slight decline from $79.7 million a year ago. Net income fell to $1.7 million, or $0.09 per diluted share, down from $8.2 million. However, first half revenue surged 50%, and cash reserves increased to $56.2 million. The company anticipates full-year revenue of approximately $385 million, reflecting a 7% growth, while adjusted EBITDA is projected at $50 million. Turtle Beach aims for a long-term revenue CAGR of 10%-20%, bolstered by strong gaming accessory demand.
Turtle Beach Corporation (Nasdaq: HEAR) has launched its award-winning Recon™ Controller for Xbox, recognized as "Best of E3" by CNN Underscored and Android Authority. This innovative controller, priced at $59.95, integrates Turtle Beach's audio technologies, such as Superhuman Hearing and Mic Monitoring, enhancing gameplay experiences for Xbox and Windows 10 users. The controller features ergonomic design, customizable profiles, and advanced vibration feedback. It's available for purchase at retailers globally and at www.turtlebeach.com.
Turtle Beach Corporation (Nasdaq: HEAR) announced that its patented Superhuman Hearing technology significantly enhances gaming performance. A study involving over 100 college gamers revealed that those using this feature increased their average gameplay duration by nearly 20% and improved in-game statistics by over 40%. Participants noted a substantial rise in their Kill/Death Ratios, demonstrating a competitive edge through enhanced audio cues. The technology is included in various Turtle Beach and ROCCAT gaming headsets, emphasizing its importance for serious gamers in today’s competitive landscape.
Turtle Beach Corporation (Nasdaq: HEAR) is set to announce its financial results for the second quarter of 2021 on Thursday, August 5, 2021.
The results will be shared via a press release post-market close, followed by a conference call with Chairman and CEO Juergen Stark and CFO John Hanson at 5:00 p.m. ET. Investors can participate by dialing in 5-10 minutes early. The call will also be available for replay on the company's investor relations website.
Turtle Beach Corporation (Nasdaq: HEAR) has announced the pre-order availability of its **Recon Controller**, awarded 'Best of E3' by CNN Underscored and Android Authority. Launched on August 1, 2021, at a price of **$59.95**, this controller combines advanced audio features like **Superhuman Hearing** with innovative controls, enhancing gameplay on Xbox and Windows 10 PCs. The global gamepad accessory market is valued at **$600 million**, and the Recon Controller is positioned for strong entry, leveraging Turtle Beach's expertise in gaming audio.
ROCCAT, Turtle Beach's acclaimed PC peripheral brand, has launched the Torch, its inaugural studio-grade USB microphone. Set to retail at $99.99 and available for pre-order, the Torch features 24-bit audio quality, a dual condenser design, and user-friendly controls for gamers and aspiring content creators. With multiple pick-up patterns and AIMO RGB lighting, it aims to enhance the streaming experience. The product will be officially available on August 15, 2021.
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