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Turtle Beach Corporation  (HEAR)
Other Ticker:  
 
    Sector  Technology    Industry Communications Equipment
 
Price: $14.4400 $-0.44 -2.957%
Day's High: $14.99 Week Perf: -8.72 %
Day's Low: $ 14.38 30 Day Perf: -13.79 %
Volume (M): 351 52 Wk High: $ 18.45
Volume (M$): $ 5,068 52 Wk Avg: $11.21
Open: $14.80 52 Wk Low: $7.97



 Market Capitalization (Millions $) 250
 Shares Outstanding (Millions) 17
 Employees 135
 Revenues (TTM) (Millions $) 259
 Net Income (TTM) (Millions $) -49
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 4

Turtle Beach Corporation

Turtle Beach Corporation, headquartered in San Diego, California is the global leader in gaming headsets and has been an innovator in premier audio technology for over 40 years. The Turtle Beach® brand is highly regarded among the over 700 million gamers in North America and Europe where the company has a dominant market share in gaming headsets for Xbox and PlayStation® consoles. In addition to its gaming headset business, the company acquired and developed an innovative and patent-protected sound technology that delivers immersive, directional audio called HyperSound® via a reverse merger with Parametric Technologies in January 2014.

Turtle Beach launched its first gaming headset in 2005 and has grown to be the leading brand in console gaming headsets. The Company designs and markets premium audio peripherals for both Xbox and PlayStation® game consoles, as well as for PC, Mac® and mobile/tablet devices. Additionally, Turtle Beach is an officially-licensed partner of Microsoft, delivering innovative and groundbreaking first-to-market products for their latest family of consoles including the latest Xbox One X. Turtle Beach headsets are distributed internationally across North America, South America, Europe, the Middle East, Africa, Australia, and Asia, and are sold at thousands of storefronts, including major retailers such as Amazon, Argos, Best Buy, Game, GameStop, EB Games, Target, and Walmart.


The Company offers a variety of headsets, spanning multiple retail price points ranging from $20 to $300, with offerings compatible across all major gaming platforms. Our price tiers correspond to customer profiles, beginning with “Entry-Level” gamers and progressing through “Casual,” “Enthusiast,” “Core,” and professional gamers including eSports players and fans. Each successive price tier incorporates a higher level of finish, features and technology, progressing from passive mono to amplified stereo, surround sound, and programmable surround sound. Premium headsets have padded leather headbands, accent stitching, and noise-isolating memory foam ear cups. Other features found in select premium headset models include removable microphones, breakaway cables and “charge-and-play” batteries that allow gamers to continue playing even as they recharge their batteries. As gaming consoles have evolved from dedicated video game platforms to home entertainment hubs, and as mobile and tablet devices have become mainstay platforms for entertainment, we have continued to evolve our headsets to reflect how content is consumed.
Each Turtle Beach headset is designed for a “primary” platform, such as a specific console or for the personal computer platform, though many can be used with multiple platforms, and most are compatible with mobile/tablet devices via a standard 3.5mm jack and Bluetooth® connectivity. A primary platform designation paired with our unique, platform-specific packaging designs often result in our products being assorted in multiple sections in-store by retailers, increasing the prominence of the Turtle Beach brand and its products in physical retail locations and online catalogs.

HyperSound Business
HyperSound technology is a pioneering audio solution that projects sound in a highly directional manner. HyperSound directs a beam of audio to targeted listeners in a specific spot, delivering an immersive, 3D-like audio experience as well as benefits for people with hearing loss. The Company has also developed and patented the capability to created directed audio from a transparent “speaker” using a set of layered materials on glass. The technology has applications in multiple verticals including retail displays where isolated audio is desired, personal or business audio where a directed beam of audio offers privacy benefits, and living room audio solutions for people with hearing loss.

Gaming Headset Market
Gaming headsets are part of a global, growing gaming market sized at over $100 billion. Global gaming now exceeds both global cinema and global music market sizes with over 2.1 billion active gamers worldwide. Gaming peripherals are a $2 billion business globally with over 75%, over $800 million, of that market in the Americas and Europe where the company’s business is focused. Gaming headsets are nearly half of that, at over $1 billion in global market size.
eSports is a global phenomena where professional gamers train, compete, win prize money and attract fans similar to other professional sports. There are over 140 million eSports enthusiasts globally and growing quickly. Gaming headsets are a must-have piece of equipment for competitive gaming.
Xbox and PlayStation® consoles are the dominant gaming platforms in North America and Europe. Many gamers play online where gaming headsets - which include a microphone and allow players to communicate with one another in real time - provide the ability to jump in and engage in the industry’s most popular games and franchises. Gaming headsets also create a more immersive and rich gaming experience. In addition to consoles, personal computers are a key platform for gaming and utilize similar style headsets with the requisite benefits. Gaming on mobile/tablet devices represents about a third of the global gaming market and headsets can be used for mobile gaming, but Xbox, PlayStation®, and PC gaming are by far the largest drivers of gaming headset use. Nintendo Switch™ has emerged as a popular gaming platform, although much less of a driver of gaming headset sales.



   Company Address: 44 South Broadway White Plains 10601 NY
   Company Phone Number: 496-8001   Stock Exchange / Ticker: NASDAQ HEAR
   


Customers Net Income grew by HEAR's Customers Net Profit Margin grew to

490.72 %

3.46 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AAPL   -4.45%    
HPQ   -0.54%    
IBM        0.18% 
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Turtle Beach Corporation

Turtle Beach Corporation Achieves Remarkable Financial Growth and Operational Efficiency in Third Quarter of 2023



In the highly competitive gaming accessories industry, Turtle Beach Corporation has demonstrated commendable growth and improvement in its financial results for the July to September 2023 fiscal span. Despite challenges posed by the seasonal nature of the company's business, Turtle Beach Corporation has reduced its losses per share, increased its revenue, and exhibited strong potential for future growth.
Key financial highlights:
Turtle Beach Corporation reported a significant decrease in its loss per share for the July to September 2023 fiscal span, reaching $-0.21 compared to $-0.73 in the same period last year. This demonstrates the company's successful efforts in cutting costs and improving operational efficiency. Furthermore, the company's earnings per share (EPS) showed encouraging improvement, with $-0.93 per share in the prior reporting season and $-0.21 per share in the current season.

Turtle Beach Corporation

Thriving Amidst Challenges: Turtle Beach Corporation Sees Double Digit Top-Line Growth in Q2 2023

Turtle Beach Corporation: A Look at the Financials and Stock Performance
Turtle Beach Corporation, a prominent company in the Communications Equipment sector, recently released its financial results for the April to June 30, 2023, period. Despite facing a challenging market, the company managed to show improvement in its top-line growth, unlike many of its sector peers who reported revenue reductions.
During the aforementioned financial interval, Turtle Beach Corporation experienced a net loss of $-0.93 per share, a slight improvement from the loss of $-1.08 per share during the same period a year earlier. Furthermore, the company's deficit increased from $-0.40 per share in the preceding reporting season. Although the losses persist, this reduction in the deficit indicates that Turtle Beach Corporation is taking steps in the right direction towards profitability.

Turtle Beach Corporation

Turtle Beach Corporation Reports Significant Losses Despite Strong Revenue in First Quarter of 2023

Turtle Beach Corporation, a global leading manufacturer of gaming headsets and accessories, has recorded a cumulative net loss of $-60 million during 12 months ending in the first quarter of 2023, resulting in a negative return on equity of -59.38%. This news has been reported following the release of the company's financial report for the quarter ending March 31, 2023.
The return on equity, which represents the profitability of a business, has worsened compared to the fourth quarter of 2022 from 0 to 3497, indicating some significant losses for the company. In the Communications Services industry, Turtle Beach Corporation has performed less well than most companies, with 39 other firms recording higher returns on equity.






 

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