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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 Corporation (NASDAQ: HEAR) has announced that it will report its financial results for the first quarter of 2023 on May 4, 2023. A conference call is scheduled for 5:00 p.m. ET featuring CEO Juergen Stark and CFO John Hanson. Participants can join via phone or through a live webcast available on the company's website. Turtle Beach is recognized as a leading provider of gaming accessories, known for its innovative headsets and gaming products. The company emphasizes its commitment to quality and customer support, which has solidified its market position.
Turtle Beach Corporation (HEAR) has launched its new flagship wireless gaming headset, the Stealth Pro, available globally for $329.99. This headset features large 50mm Nanoclear drivers, delivering high-quality audio and an expansive soundstage. It boasts best-in-class active noise cancellation and numerous premium features for various gaming platforms, including Xbox and PlayStation. Reviews highlight the Stealth Pro's exceptional audio performance, with major outlets like GamesRadar, IGN, and Windows Central giving it top scores and awards. CEO Juergen Stark emphasized Turtle Beach's long-standing market leadership in gaming audio. The headset's advanced technology aims to provide an unmatched audio experience for gamers.
Turtle Beach Corporation (Nasdaq: HEAR) disclosed its ongoing disputes with Immersion Corporation (Nasdaq: IMMR) regarding board nominations and governance. Despite multiple counterproposals aimed at avoiding a costly proxy contest, Immersion rejected Turtle Beach's offers, including the appointment of two of its nominees to the board and the formation of a Value Enhancement Committee.
The board's recent refresh resulted in a 4-year average tenure, with 9 experienced directors overseeing the company. Turtle Beach emphasized its commitment to shareholder interests, contrasting its collaborative approach with Immersion's antagonistic stance, which has been described as wasting shareholder capital. The company remains open to further engagement as it prioritizes operational oversight and shareholder value creation.
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