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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's ROCCAT brand has partnered with renowned gaming streamer SypherPK, enhancing its visibility among gaming audiences. With over 14 million followers, SypherPK will showcase ROCCAT's latest peripherals, like the Kone Pro Air mouse and Vulcan TKL Pro keyboard. This partnership aligns with ROCCAT's strategy to leverage influencer marketing in the gaming sector, as highlighted by ROCCAT's General Manager, René Korte. The collaboration aims to foster a stronger connection with gamers and boost brand recognition in a competitive market.
On May 17, 2021, Turtle Beach Corporation (Nasdaq: HEAR) announced the global availability of its award-winning ROCCAT Kone Pro and Kone Pro Air gaming mice. These new models feature Titan Optical Switch technology, which registers clicks up to 100 times faster than typical gaming mice, and a lightweight design at 66 and 75 grams respectively. The Kone Pro is priced at $79.99, while the Kone Pro Air is $129.99. Reviews, including a 4.5/5 from Windows Central, highlight the exceptional performance of these mice, solidifying their status as top-tier products in gaming peripherals.
Turtle Beach's ROCCAT brand has partnered with renowned YouTuber Jon "Coconut Brah" Soli, who boasts over 1.6 million subscribers. This collaboration means Coconut Brah's gaming setup is now equipped with ROCCAT's latest peripherals, including the Kone Pro mouse and Vulcan TKL Pro keyboard. The partnership aims to leverage Coconut Brah's strategic gameplay to promote ROCCAT's innovative technology, such as their Titan Optical Switch that registers inputs significantly faster than standard devices. The collaboration highlights ROCCAT's commitment to delivering cutting-edge gaming gear.
Turtle Beach has launched the Recon 500, a new gaming headset featuring innovative 60mm Eclipse™ Dual Drivers and AccuTune™ wood composite earcups for superior sound quality. The headset is equipped with a noise-cancelling TruSpeak™ microphone, offering enhanced communication and comfort with memory foam cushions and a lightweight design. Priced at $79.95, the Recon 500 is compatible with multiple platforms including Xbox and PlayStation. Pre-orders are available with a launch date in North America on May 30, 2021.
Turtle Beach Corporation (Nasdaq: HEAR) reported a record first quarter for 2021, with net revenue of $93.1 million, up 166% from $35 million a year earlier. The company posted a net income of $8.8 million or $0.49 per diluted share, recovering from a net loss of $3.6 million last year. Adjusted EBITDA rose to $15.3 million from a loss of $2.7 million. Cash flow from operations increased 20% to $21.1 million. Turtle Beach also raised its full-year outlook, now expecting $385 million in revenue.
ROCCAT, Turtle Beach's Hamburg-based PC peripheral brand, announced the release of two new RGB gaming keyboards: the Magma and Pyro. The Magma, priced at $59.99, features a fully illuminated top plate showcasing advanced RGB lighting and silent membrane keys, while the Pyro offers a premium mechanical experience for $99.99 with durable keys and a brushed metal finish. Both keyboards launch on May 30, 2021, and include detachable palm rests and customizable media controls, enhancing usability for gamers.
Turtle Beach Corporation's ROCCAT brand has unveiled its Kone Pro and Kone Pro Air gaming mice, set for release on May 16, 2021. These mice feature advanced Titan Optical Switch technology, offering a click response rate up to 100 times faster than standard mechanical switches. Weighing 66g and 75g, they are among the lightest gaming mice available. The Kone Pro is priced at $79.99 and the Kone Pro Air at $129.99. Both include unique features such as the Titan Wheel Pro and Owl-Eye 19K dpi sensor, enhancing the gaming experience significantly.
Turtle Beach Corporation (Nasdaq: HEAR), a leader in gaming accessories, will announce its first quarter 2021 financial results on May 5, 2021, after market close. The announcement will be followed by a conference call at 5:00 p.m. ET, hosted by CEO Juergen Stark and CFO John Hanson. Participants can join the call by dialing (877) 303-9855 for U.S. or (408) 337-0154 internationally. A replay will be available after 8:00 p.m. ET the same day. Turtle Beach is known for its innovative gaming headsets and is a market leader in console gaming audio.
Turtle Beach (Nasdaq: HEAR) announced the appointment of Yie-Hsin Hung to its Board of Directors effective April 19, 2021. Ms. Hung has over 30 years in capital markets, M&A, and investment management, currently serving as CEO of New York Life Investment Management, managing over $400 billion in assets. Her expertise is expected to enhance Turtle Beach's strategic growth initiatives. The appointment reflects the company’s goal to strengthen its capital markets knowledge.
Turtle Beach (NASDAQ: HEAR) announced the launch of the latest colorway for its popular Recon 70 gaming headset, the Arctic Camo, available starting April 16, 2021. This model is the 10th color option in the series, known for its 40mm speakers and multi-platform compatibility across systems like Xbox, PlayStation, and PC, priced at $39.95. The Recon 70 headsets have consistently ranked highly in sales since their April 2019 launch, highlighting the product's success amid ongoing console demand and remote learning.
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