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Turtle Beach Corporation (Nasdaq: TBCH) has successfully completed a comprehensive debt refinancing, securing a $150 million senior secured credit facility with Bank of America. The new facility includes a $90 million revolving credit facility and a $60 million term loan, both maturing on August 1, 2028.
The refinancing features improved terms, with initial borrowing rates at SOFR plus 325 basis points, representing a significant 450 basis point reduction compared to the previous term loan. This restructuring aims to strengthen the company's capital structure and enhance financial flexibility for future growth initiatives.
Turtle Beach Corporation (Nasdaq: TBCH), a leading gaming accessories brand, has scheduled its second quarter 2025 financial results announcement for Thursday, August 7, 2025, after Nasdaq's market close.
The company will host a conference call and webcast at 4:30 p.m. ET / 1:30 p.m. PT featuring CEO Cris Keirn and CFO Mark Weinswig. Investors can access the webcast through the company's website or join via phone at 1-844-826-3035 (US) or 1-412-317-5195 (International). A replay will be available until August 21, 2025.
Turtle Beach Corporation (Nasdaq: TBCH), a leading gaming headset and accessories brand, has scheduled its first quarter 2025 financial results announcement for Thursday, May 8, 2025, after the Nasdaq Stock Market closes.
Key details of the announcement:
- Conference Call Time: 5:00 p.m. ET / 2:00 p.m. PT on May 8, 2025
- Key Speakers: Cris Keirn (CEO) and Mark Weinswig (CFO)
- Participant Access: Available via webcast on the company's "Events & Presentations" page at corp.turtlebeach.com
- Dial-in Numbers: 1-877-407-0792 (US) or 1-201-689-8263 (International)
- Replay Access: Available until May 22, 2025 via phone (1-844-512-2921 or 1-412-317-6671, passcode: 13752645) and website
Participants are advised to join the conference call 15 minutes before the scheduled start time to avoid delays.
Turtle Beach (TBCH) reported record-breaking Q4 2024 results with net revenue reaching $146.1 million, up 47% year-over-year. The company achieved Q4 net income of $20.1 million ($0.95 per diluted share) compared to $8.6 million in the prior year, while Adjusted EBITDA hit a record $35.7 million, up 156%.
For full-year 2024, TBCH posted its highest-ever revenue of $372.8 million, a 44% increase, with net income of $16.2 million versus a loss in 2023. The company's PDP integration delivered over $13 million in annual synergies. Gross margin expanded by 500 basis points to 37.0% in Q4.
The company repurchased 1.8 million shares for $27.8 million in 2024 and has $18.8 million remaining in its buyback program. For 2025, TBCH projects revenue between $395-405 million and Adjusted EBITDA of $68-72 million, representing 21-28% growth, despite gaming accessories market headwinds expected in H1 2025.
Turtle Beach (TBCH) has scheduled its fourth quarter and full year 2024 financial results announcement for Thursday, March 13, 2025, after the Nasdaq market close. The gaming headset and accessories company will host a conference call and webcast at 5:00 p.m. ET / 2:00 p.m. PT on the same day.
CEO Cris Keirn and CFO Mark Weinswig will lead the conference call. Participants can join via webcast through the company's website or by dialing 1-877-407-0792 (US) or 1-201-689-8263. To avoid delays, participants are advised to dial in 15 minutes before the scheduled start time.
A replay will be available until March 27, 2025, accessible by phone at 1-844-512-2921 or 1-412-317-6671 with passcode 13751064, or through the investor relations website.