Turtle Beach - HEAR STOCK NEWS

Turtle Beach Corporation has announced the termination of its rights agreement, commonly known as a 'poison pill', which was originally set to expire in 2024. The expiration date has been accelerated to June 2023. Stockholders do not need to take any action as a result of this termination.

Turtle Beach Corporation raises full-year outlook after reporting financial results for the first quarter of 2023. Net revenue increased by 10% compared to the year-ago quarter, while adjusted net loss improved. The company expects 10 to 12% revenue growth and a return to positive adjusted EBITDA for the full year.

Turtle Beach Corporation's Board of Directors has taken several actions in response to shareholder feedback, including implementing a CEO succession plan and separating the roles of CEO and Chairman. Juergen Stark, the current CEO and Chairman, will step down from both roles by June 30, 2023. The Board has launched a search for a permanent CEO. The Board has also elected Terry Jimenez as the new non-executive Chairman of the Board. In addition, the Board has reorganized its committees, including the committee chairs.

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.