Welcome to our dedicated page for Turtle Beach news (Ticker: HEAR), a resource for investors and traders seeking the latest updates and insights on Turtle Beach stock.
Turtle Beach Corporation (HEAR) delivers cutting-edge audio solutions for gaming and professional applications. This centralized hub provides verified updates on product launches, financial results, and strategic initiatives driving innovation in immersive sound technology.
Find official press releases covering earnings reports, headset developments, and Hypersound technology deployments. Our curated collection ensures transparent access to material events affecting HEAR's position in consumer electronics and directed audio markets.
Bookmark this resource for real-time updates on Turtle Beach's market leadership. Stay informed about gaming audio advancements and emerging applications in healthcare and digital signage through primary-source documentation.
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.
Turtle Beach Corporation (NASDAQ: HEAR) announced the adoption of a limited duration stockholder rights plan, declaring a dividend distribution of one right for each outstanding share of common stock. The record date for this distribution is April 10, 2023, and the plan is set to expire on March 28, 2024. This Rights Plan aims to protect stockholder interests from potentially harmful actions by third parties and allows the Board time to make informed decisions. The Rights become exercisable only if someone acquires 12% or more of the stock without Board approval. The plan is not a response to any specific takeover bid, ensuring it does not deter fair offers.
Turtle Beach Corporation (Nasdaq: HEAR) has introduced the Stealth Pro, its flagship wireless gaming headset. Priced at $329.99, the headset features large 50mm Nanoclear drivers for enhanced sound quality and 25dB active noise-cancellation. Compatible with various platforms including Xbox and PlayStation, the Stealth Pro boasts dual microphones and proprietary S.M.A.R.T. technology for voice clarity. Scheduled for release on
Turtle Beach Corporation (Nasdaq: HEAR) has announced an extension of its share repurchase program, now valid until
Turtle Beach Corporation (Nasdaq: HEAR) reported Q4 and full-year 2022 financial results, revealing a net revenue of $100.9 million for Q4, a decline from $109.4 million a year prior. The company faced a net loss of $23.2 million, compared to a profit of $4.5 million in Q4 2021. For the full year, net revenue was $240.2 million, down from $366.4 million in 2021. The gross margin decreased to 20.5% from 35.0%, influenced by competitive pricing and high freight costs. Despite challenges, Turtle Beach expects a 10% revenue increase in 2023, forecasting adjusted EBITDA of approximately $5 million, showing optimism for market recovery and long-term growth prospects.
Turtle Beach Corporation (NASDAQ: HEAR) has introduced two new color options, Teal and Pink, for its Stealth 600 Gen 2 MAX wireless gaming headset. These variants are notable as they are the company’s first certified CarbonNeutral products, reflecting Turtle Beach's commitment to sustainability. The Stealth 600 Gen 2 MAX features over 48 hours of battery life and compatibility with multiple gaming systems. It is priced at
Turtle Beach Corporation (NASDAQ: HEAR) will report its fourth quarter 2022 financial results on March 13, 2023. A conference call will take place at 5:00 p.m. ET, featuring Chairman and CEO Juergen Stark and CFO John Hanson. The call can be accessed via a live webcast or by phone with registration. Turtle Beach is a leading provider of gaming accessories, known for its innovative products including gaming headsets and controllers, making it a market leader in console gaming audio.
Forward-looking statements are included, cautioning against risks that may affect actual results.
Turtle Beach Corporation (NASDAQ: HEAR) has launched the Magma Mini 60% Gaming Keyboard, priced at
Turtle Beach Corporation (NASDAQ: HEAR) announced that its VelocityOne Flight Universal Control System has become the best-selling flight controller in both the U.S. and UK for the year 2022. According to sales data from The NPD Group and GfK Entertainment, it achieved this status based on dollar sales in the U.S. and revenue in the UK. The VelocityOne Flight, which debuted at E3 2021, has received multiple accolades and was highly praised by gaming publications, earning top review scores. The company continues to innovate with product expansions like the VelocityOne Rudder and Flightstick.
Turtle Beach Corporation (NASDAQ: HEAR) has announced a multi-year extension of its partnership with popular streamer DrDisRespect. The agreement allows DrDisRespect to continue showcasing Turtle Beach and ROCCAT gaming accessories, including products like the Stealth 700 headset and Vulcan TKL keyboard. This collaboration began in June 2017 and has proven beneficial as DrDisRespect enjoys a large following on YouTube. CEO Juergen Stark expressed enthusiasm over this continued partnership, emphasizing the significance of their collaboration in the gaming industry.
