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Turtle Beach Corporation (Nasdaq: HEAR) has launched the Fuel Compact VR Charging Station for the Meta Quest 2, available for pre-order at $79.99, with a launch date of November 21, 2022. This innovative charging solution features dual 20-hour rechargeable battery packs for controllers and a magnetic charging system, allowing gamers to keep their VR equipment organized and charged. The station includes a compact design and an LED dashboard for battery indicators, enhancing user convenience and storage.
Turtle Beach Corporation (Nasdaq: HEAR) reported Q3 2022 results, revealing net revenue of $51.3 million, down from $85.3 million year-over-year. The company faced a net loss of $(12.0) million, or $(0.73) per diluted share, contrasting with a net income of $2.6 million a year ago. Adjusted EBITDA loss was $(6.9) million, impacted by lower demand and high freight costs. Although operating expenses decreased by 25%, gross margin plummeted to 14.1%. The company expects approximately $250 million in net revenues for FY 2022 and anticipates returning to revenue growth in 2023.
Turtle Beach Corporation (NASDAQ: HEAR) has launched the VelocityOne Rudder, enhancing their lineup of gaming simulation accessories. Priced at $299.99, this product offers dual-pedal configurations for optimal realism in flight simulation on PC and Xbox platforms. It features advanced technologies such as contactless hall-effect sensors for long-lasting performance and differential brakes for precise control. The VelocityOne Rudder complements the existing VelocityOne Flight Universal Control System and is available now at select retailers worldwide.
Turtle Beach announced the appointment of Terry Jimenez to its Board of Directors, enhancing its leadership with his 30 years of business and financial experience. Jimenez, former CEO of Tribune Publishing, will also join the Nominating and Governance Committee. His addition follows a commitment to board refreshment agreed upon with shareholders in May 2022. This change comes as the board re-evaluates strategic opportunities after concluding its Strategic Review Process. The board now consists of eight directors, with seven being independent, and aims to drive value for shareholders.
Turtle Beach Corporation (Nasdaq: HEAR) has launched the Kone Air Wireless Ergonomic Gaming Mouse, designed for both productivity and gaming. It features a patented ergonomic shape, lag-free 2.4GHz wireless and Bluetooth connectivity, and boasts a remarkable battery life of over 800 hours. The mouse, available for $69.99, supports a multi-button design with ROCCAT's Easy-Shift[+] technology. Pre-orders are open with a launch scheduled for November 14, 2022.
Turtle Beach Corporation (NASDAQ: HEAR) plans to announce its financial results for Q3 2022 on November 3, 2022. The company's Chairman and CEO, Juergen Stark, alongside CFO John Hanson, will discuss the results during a conference call at 5:00 p.m. ET. Interested participants can join via phone or through a live webcast on Turtle Beach's website. The event will provide insights into Turtle Beach's performance and future direction in the gaming accessory market.
Turtle Beach Corporation (Nasdaq: HEAR) has launched the VelocityOne™ Flightstick, a universal simulation controller aimed at air and space combat simulation gamers. Priced at $129.99 and available for pre-order, it features eight high-precision axes and various customizable controls. Designed for Xbox Series X|S, Xbox One, and Windows PCs, this controller enhances gameplay with an OLED Flight Management Display and 27 programmable buttons. The product will officially launch on November 17, 2022.
Turtle Beach Corporation (NASDAQ: HEAR) has launched the new Atom Controller, designed for mobile gaming. This controller features a unique two-piece design that magnetically connects and offers low-latency Bluetooth for a seamless gaming experience on Android devices. It accommodates nearly all smartphones and includes a one-month Xbox Game Pass Ultimate subscription. Available in various colors, retail price is set at $99.99, with pre-orders starting today. The Atom Controller aims to expand Turtle Beach's presence in the mobile gaming market.
Turtle Beach Corporation (NASDAQ: HEAR) has launched its Recon Cloud Hybrid Controller, marking its entry into mobile gaming accessories. The controller features wireless capabilities, a low-latency Bluetooth connection for Android devices, and a wired connection for Xbox Series X|S and Windows PCs. It boasts a battery life of over 30 hours and includes unique Turtle Beach audio features like Superhuman Hearing. Available in Blue Magma or Black for $99.99, the Recon Cloud aims to enhance gaming experiences for both mobile and Xbox gamers.
Turtle Beach Corporation (Nasdaq: HEAR) has launched the Vulcan II Max, an optical-mechanical gaming keyboard featuring ROCCAT's TITAN II Optical-Mechanical Switches. These switches offer ultra-fast keystroke responses, a lifecycle of 100 million clicks, and the world's first Dual-LED Smart Switches for enhanced functionality. Retailing for $229.99, the Vulcan II Max combines performance with a stunning RGB-infused design, catering to both aesthetics and competitive gaming needs. Available now at retailers and online.