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Turtle Beach Corporation (HEAR) Report Analysis

Corporate Events

Negative

Turtle Beach Corporation(NasdaqGM:HEAR) dropped...

2022-06-24 00:00:00

Turtle Beach Corporation(NasdaqGM:HEAR) dropped from Russell 2000 Value-Defensive Index

Negative

Turtle Beach Corporation(NasdaqGM:HEAR) dropped...

2022-06-24 00:00:00

Turtle Beach Corporation(NasdaqGM:HEAR) dropped from Russell 2000 Defensive Index

Negative

Turtle Beach Corporation(NasdaqGM:HEAR) dropped...

2022-06-24 00:00:00

Turtle Beach Corporation(NasdaqGM:HEAR) dropped from Russell 2000 Growth-Defensive Index

Negative

Turtle Beach Corporation(NasdaqGM:HEAR) dropped...

2022-06-11 00:00:00

Turtle Beach Corporation(NasdaqGM:HEAR) dropped from S&P Technology Hardware Select Industry Index

Negative

Turtle Beach Corporation Announces Changes to Its Board

2022-05-18 12:01:00

Turtle Beach Corporation accepted voluntary resignation of Yie-Hsin Hung from the board, and concurrently with Ms. Hung’s resignation, appoint...

Positive

Donerail Group Enters into Cooperation Agreemen...

2022-05-17 17:20:00

On May 13, 2022, Donerail Group LP announced that it has entered into a cooperation agreement with Turtle Beach Corporation related to the com...

Positive

Turtle Beach’s All-New Premium Stealth 700 Gen ...

2022-05-09 12:30:00

Turtle Beach Corporation announced the all-new Designed for Xbox Turtle Beach Stealth 700 Gen 2 MAX, Stealth 600 Gen 2 MAX and Stealth 600 Gen...

Neutral

Turtle Beach Corporation Provides Information t...

2022-05-09 11:39:00

On May 9, 2022, Turtle Beach Corporation announced that it has made certain updates to its website relating to the upcoming 2022 annual meetin...

Positive

Turtle Beach Exploring a Sales Process

2022-05-05 23:30:00

Turtle Beach Corporation (NasdaqGM:HEAR) said it is exploring a sales process as it considers ways to maximize value for shareholders. In a le...

Neutral

Turtle Beach Corporation Provides Earnings Guid...

2022-05-04 20:05:00

Turtle Beach Corporation provided earnings guidance for the year 2022. For the year, the company is maintaining its full year 2022 outlook and...

Neutral

Tranche Update on Turtle Beach Corporation (Nas...

2022-05-04 17:08:00

From January 1, 2022 to March 31, 2022, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has compl...

Positive

The Donerail Group Delivers Material to Shareho...

2022-05-03 17:04:00

On May 3, 2022, The Donerail Group, LP delivered material to shareholders of Turtle Beach Corporation in connection with the Company’s annual ...

Positive

The Donerail Group Sends a Letter to Shareholders

2022-04-29 14:15:00

On April 29, 2022, The Donerail Group released a letter to shareholders of Turtle Beach Corporation and expressed that the shareholders will r...

Neutral

Turtle Beach Corporation Communicates with Shareholders

2022-04-28 14:15:00

On April 28, 2022, Turtle Beach Corporation Communicates with its shareholders in connection with the information provided by the Donerail Gro...

Neutral

Turtle Beach Corporation - Shareholder/Analyst Call

2022-04-25 20:48:00

AGM

Neutral

Turtle Beach Corporation, Annual General Meetin...

2022-04-25 20:48:00

Turtle Beach Corporation, Annual General Meeting, Jun 07, 2022, at 09:00 Pacific Standard Time. Agenda: To elect eight members to the Board of...

Positive

Turtle Beach’s All-New Recon Air Wireless Chat ...

2022-04-25 20:05:00

Turtle Beach Corporation revealed the Company’s all-new Turtle BeachRecon Air Wireless Chat Communicator headset is now available at participa...

Neutral

Turtle Beach Files Definitive Proxy Materials a...

2022-04-25 16:48:00

On April 25, 2022, Turtle Beach Corporation announced that it has filed definitive proxy materials with the Securities and Exchange Commission...

Positive

Turtle Beach Explores Strategic Options

2022-04-25 16:43:00

Turtle Beach Corporation (NasdaqGM:HEAR) is looking at strategic alternatives including a possible sale, the company said on April 22, 2022, a...

Positive

The Donerail Group LP Issues an Open Letter Sha...

2022-04-25 14:50:00

On April 25, 2022, The Donerail Group LP sent a letter to shareholders of Turtle Beach Corporation, highlights the compensation of the current...

Neutral

Turtle Beach Corporation Solicits Proxies from ...

2022-04-21 08:02:00

On April 21, 2022, Turtle Beach Corporation announced that it has filed a definitive proxy statement with Sec and urged the shareholders to vo...

Neutral

Turtle Beach Corporation, Q1 2022 Earnings Call...

2022-04-20 12:00:00

Turtle Beach Corporation, Q1 2022 Earnings Call, May 04, 2022

Neutral

Turtle Beach Corporation to Report Q1, 2022 Res...

2022-04-20 12:00:00

Turtle Beach Corporation announced that they will report Q1, 2022 results After-Market on May 04, 2022

Positive

The Donerail Group Posts Materials to its Websi...

2022-04-15 16:29:00

On April 15, 2022, The Donerail Group, LP announced that it has uploaded materials to https://ResetTurtleBeach.com in connection with Turtle B...

Positive

The Donerail Group LP Issues an Open Letter to ...

2022-04-06 13:00:00

On April 6, 2022, The Donerail Group LP issued an open letter to shareholders of Turtle Beach Corporation and mentioned that it intends to fil...

Positive

Turtle Beach Levels-Up Its Premium Wireless Gam...

2022-04-04 12:30:00

Turtle Beach Corporation announced the Designed for Xbox Stealth 700 Gen 2 MAX as an all-new entry to the best-selling brand’s Stealth 700 ser...

Positive

ROCCAT Expands Its Lightweight Symmetrical Mous...

2022-03-31 12:30:00

ROCCAT, Turtle Beach Corporation’s revealed the new Burst Pro Air as the premium wireless addition to its Burst family of lightweight PC gamin...

Positive

Roccat Launches the All-New Kone Xp Ergonomic M...

2022-03-29 12:30:00

Turtle Beach Corporation’s announced the retail availability of its all-new Kone XPergonomic PC gaming mouse. Already revered for the Kone’s p...

Neutral

Tranche Update on Turtle Beach Corporation (Nas...

2022-03-02 17:01:00

From October 1, 2021 to December 31, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has co...

Negative

Donerail Group LP cancelled the acquisition of ...

2022-03-02 00:00:00

Donerail Group LP agreed to acquire remaining stake in Turtle Beach Corporation (NasdaqGM:HEAR) on April 27, 2021. As reported on August 20, 2...

Positive

Donerail Group Submits a Revised Offer to Acqui...

2021-12-22 18:57:00

On December 22, 2021, The Donerail Group LP announced that it has submitted a revised offer to acquire Turtle Beach Corporation for $32.86 per...

Neutral

Turtle Beach Corporation Responds to Misleading...

2021-12-20 08:46:00

On December 20, 2021, Turtle Beach Corporation issued the following response on behalf of its Board of Directors to misleading statements made...

Neutral

Turtle Beach Corporation Revises Earnings Guida...

2021-11-04 20:21:00

Turtle Beach Corporation revised earnings guidance for the full year 2021. For the year, the company expects revenue to be in the range of $36...

Neutral

Tranche Update on Turtle Beach Corporation (Nas...

2021-11-04 17:01:00

From July 1, 2021 to September 30, 2021, the company has repurchased 168,920 shares, representing 1.05% for $4.88 million. With this, the comp...

Neutral

Turtle Beach Corporation, Q3 2021 Earnings Call...

2021-10-21 20:05:00

Turtle Beach Corporation, Q3 2021 Earnings Call, Nov 04, 2021

Neutral

Turtle Beach Corporation to Report Q3, 2021 Res...

2021-10-21 20:05:00

Turtle Beach Corporation announced that they will report Q3, 2021 results After-Market on Nov 04, 2021

Positive

Turtle Beach Corporation Announces the Availabi...

2021-10-11 12:44:00

Turtle Beach Corporation announced the availability of its all-new NeatSkylineTM desktop USB microphone. With daily virtual meetings, online g...

Neutral

ROCCAT and Oakley Launch New Limited-Edition RO...

2021-09-30 21:00:00

Turtle Beach and Oakley® announced their ongoing partnership now includes the PC peripherals brand ROCCAT. This partnership expansion follows ...

Neutral

Turtle Beach Corporation Presents at LD Micro M...

2021-09-27 18:57:00

Turtle Beach Corporation Presents at LD Micro Main Event, Oct-12-2021 01:30 PM. Venue: Luxe Sunset Boulevard Hotel in Bel Air, Los Angeles, Ca...

Positive

Turtle Beach and Its PC Peripherals Brand Rocca...

2021-09-22 17:15:00

Turtle Beach and its PC peripherals brand ROCCAT, launched all-new custom, limited-edition gaming gear in collaboration with Dr Disrespect. Tu...

Positive

Turtle Beach’s Redesigned Recon 200 Gen 2 Power...

2021-09-20 20:05:00

Turtle Beach announced that the redesigned Recon™ 200 Gen 2 powered gaming headset is now available at participating retailers worldwide. Succ...

Positive

Roccat’S Pro Line of Pc Gaming Mice Support Nvi...

2021-09-20 12:30:00

ROCCAT, Turtle Beach’s announced that the Kone Pro, Kone Pro Air, and Burst Pro professional-grade PC gaming mice are compatible with NVIDIA’s...

Neutral

LD Micro, Inc., LD Micro Main Event, Oct 12, 20...

2021-09-13 13:00:00

LD Micro, Inc., LD Micro Main Event, Oct 12, 2021 through Oct 14, 2021. Venue: Luxe Sunset Boulevard Hotel in Bel Air, Los Angeles, California...

Neutral

Turtle Beach Corporation Presents at 10th Annua...

2021-08-31 11:44:00

Turtle Beach Corporation Presents at 10th Annual Gateway Conference, Sep-08-2021 10:30 AM. Speakers: Juergen Stark, Chairman, CEO & President.

Positive

Donerail Group Responds to Turtle Beach

2021-08-26 21:05:00

On August 26, 2021, The Donerail Group LP responded to Turtle Beach Corporation’s press release issued on August 23, 2021. The Donerail Group ...

Neutral

Turtle Beach Corporation Presents at D.A. David...

2021-08-24 13:56:00

Turtle Beach Corporation Presents at D.A. Davidson 20th Annual Software & Internet Virtual Conference, Sep-09-2021 01:30 PM. Speakers: Alex Th...

Positive

Turtle Beach Corporation Responds to Misleading...

2021-08-23 13:00:00

On August 23, 2021, Turtle Beach Corporation issued its response on behalf of its board of directors to misleading statements by Donerail Grou...

Positive

Turtle Beach Board Rejects Donerail Group’s Inc...

2021-08-23 10:08:00

On August 23, 2021, Donerail Group LP announced that on August 19, 2021, Donerail issued a press release announcing that Turtle Beach Corporat...

Positive

ROCCAT’s Studio-Grade Torch Microphone for Game...

2021-08-16 12:30:00

ROCCAT, Turtle Beach’s PC peripheral brand announced the Torch Microphone is now available for purchase. The Torch is ROCCAT’s all-new USB mic...

Neutral

Turtle Beach Extends and Expands Partnership Wi...

2021-08-12 20:05:00

Turtle Beach announced it has extended and expanded its partnership with the indomitable League of Legends streamer KayPea. The new multi-year...

Positive

Donerail Group Engages in Discussions with Turt...

2021-08-09 16:37:00

On August 9, 2021, Donerail Group LP announced that it has been actively engaged with Turtle Beach Corporation’s board of directors and manage...

Neutral

Turtle Beach Corporation Presents at Canaccord ...

2021-08-06 13:24:00

Turtle Beach Corporation Presents at Canaccord Genuity 41st Annual Growth Conference, Aug-10-2021 . Speakers: John T. Hanson, CFO, Treasurer &...

Neutral

Turtle Beach Corporation Provides Financial Gui...

2021-08-05 20:20:00

Turtle Beach Corporation provided financial guidance for the second half and full year 2021. For the full year 2021, the Company continues to ...

Neutral

Tranche Update on Turtle Beach Corporation (Nas...

2021-08-05 17:02:00

From April 1, 2021 to June 30, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has complete...

Positive

Turtle Beach Corporation Announces That Gamers ...

2021-08-02 12:30:00

Turtle Beach Corporation announced that gamers on Xbox can now get their hands on the award-winning Recon™ Controller. Turtle Beach’s all-new ...

Neutral

Turtle Beach Corporation Presents at Lake Stree...

2021-07-31 04:07:00

Turtle Beach Corporation Presents at Lake Street Capital Markets 5th Annual Best Ideas Growth Conference, Sep-14-2021 .

Neutral

Lake Street Capital Markets, LLC, Lake Street C...

2021-07-30 21:59:00

Lake Street Capital Markets, LLC, Lake Street Capital Markets 5th Annual Best Ideas Growth Conference, Sep 14, 2021 through Sep 15, 2021.

Neutral

Turtle Beach Corporation, Q2 2021 Earnings Call...

2021-07-22 20:05:00

Turtle Beach Corporation, Q2 2021 Earnings Call, Aug 05, 2021

Neutral

Turtle Beach Corporation to Report Q2, 2021 Res...

2021-07-22 20:05:00

Turtle Beach Corporation announced that they will report Q2, 2021 results After-Market on Aug 05, 2021

Positive

Donerail Group LP agreed to acquire remaining s...

2021-07-19 00:00:00

Donerail Group LP agreed to acquire remaining stake in Turtle Beach Corporation (NasdaqGM:HEAR) on April 27, 2021. As reported on August 20, 2...

Neutral

Gateway Group, Inc., 10th Annual Gateway Confer...

2021-06-28 21:26:00

Gateway Group, Inc., 10th Annual Gateway Conference, Sep 08, 2021 through Sep 09, 2021.

Negative

Turtle Beach Corporation(NasdaqGM:HEAR) dropped from Russell 2000 Value-Defensive Index

2022-06-24 00:00:00

Turtle Beach Corporation(NasdaqGM:HEAR) dropped from Russell 2000 Value-Defensive Index

Negative

Turtle Beach Corporation(NasdaqGM:HEAR) dropped from Russell 2000 Defensive Index

2022-06-24 00:00:00

Turtle Beach Corporation(NasdaqGM:HEAR) dropped from Russell 2000 Defensive Index

Negative

Turtle Beach Corporation(NasdaqGM:HEAR) dropped from Russell 2000 Growth-Defensive Index

2022-06-24 00:00:00

Turtle Beach Corporation(NasdaqGM:HEAR) dropped from Russell 2000 Growth-Defensive Index

Negative

Turtle Beach Corporation(NasdaqGM:HEAR) dropped from S&P Technology Hardware Select Industry Index

2022-06-11 00:00:00

Turtle Beach Corporation(NasdaqGM:HEAR) dropped from S&P Technology Hardware Select Industry Index

Negative

Turtle Beach Corporation Announces Changes to Its Board

2022-05-18 12:01:00

Turtle Beach Corporation accepted voluntary resignation of Yie-Hsin Hung from the board, and concurrently with Ms. Hung’s resignation, appointed Katherine L. Scherping, Brian Stech and Michelle D. Wilson to the board. Ms. Hung’s decision to resign from the board was not the result of any disagreements with the company on any matter relating to the company’s operations, policies or practices. Ms. Scherping was appointed to the audit committee of the board and to the nominating and governance committee of the board. Mr. Stech was nominated to the compensation committee of the board. In addition, Mr. Stech and Ms. Wilson each were nominated to the previously-announced strategic review committee of the board.

Positive

Donerail Group Enters into Cooperation Agreement with Turtle Beach Corporation

2022-05-17 17:20:00

On May 13, 2022, Donerail Group LP announced that it has entered into a cooperation agreement with Turtle Beach Corporation related to the composition of the Company’s board of directors and certain other matters. Donerail Group stated that pursuant to the agreement, the Board would accept the resignation of 1 incumbent director, appoint 3 new directors to serve on the Board and increase the size of the Board from 6 to 8 members in connection therewith. Donerail Group added that the 3 new directors would be selected from 5 of Donerail Group’s nominees for the Company’s 2022 annual meeting of stockholders, consisting of Terry Jimenez, Kimberly Kreuzberger, Katherine L. Scherping, Brian Stech, and Michelle D. Wilson. Donerail Group stated that pursuant to the agreement, the Company has further agreed to accept the resignation of 1 additional director promptly after 120 days from the date of the agreement and, concurrently with such resignation, appoint either William Wyatt or Wesley Calvert, both affiliated with Donerail Group, as a director to fill the vacancy resulting from such resignation. Donerail Group added that promptly after such appointment of the Fourth New Director, the newly constituted Board will initiate a process of identifying and appointing another additional director, who will be mutually agreed upon by the Board and Donerail Group or otherwise selected pursuant to the terms of the agreement and will increase the size of the Board from 8 to 9 members in connection therewith. Donerail Group stated that during the term of the agreement the Board will not increase the size of the Board to greater than 9 members without the unanimous consent of all the members of the Board. Donerail Group added that it has agreed to withdraw its notice of intent to nominate director candidates for election at the 2022 annual meeting.

Positive

Turtle Beach’s All-New Premium Stealth 700 Gen 2 MAX, Stealth 600 Gen 2 MAX, and Stealth 600 Gen 2 USB Wireless Gaming Headsets for Xbox Are Now Available Globally

2022-05-09 12:30:00

Turtle Beach Corporation announced the all-new Designed for Xbox Turtle Beach Stealth 700 Gen 2 MAX, Stealth 600 Gen 2 MAX and Stealth 600 Gen 2 USBseries wireless gaming headsets are now on-sale at participating retailers worldwide. With these superbly upgraded entries to the brand’s best-selling Stealth 700 and Stealth 600 series products, Turtle Beach once again redefines the powerful capabilities of a well-engineered gaming headset. Turtle Beach’s all-new premium Stealth 700 Gen 2 MAX, Stealth 600 Gen 2 MAX, and Stealth 600 gen 2 USB wireless gaming headsets for Xbox are now available globally The all-new Designed for Xbox Stealth 700 Gen 2 MAX expands upon the best-selling premium wireless series’ already impressive feature set and now offers players the ability to connect lag-free via wireless USB and Bluetooth® to more gaming systems, including Xbox Series X|S and Xbox One, PS5™ and PS4™, Nintendo Switch™, Windows PCs and Mac®, and compatible iOS and Android mobile devices. Stealth 700 Gen 2 MAX also takes the series’ battery life up to 40+ hours. These upgrades add to its powerful 3D spatial surround sound and unmatched comfort features that have made Stealth 700 Gen 2 the best-selling and highly acclaimed premium wireless gaming headset since it debuted. IGN recently named the Stealth 700 Gen 2 the Best Xbox Series X|S Gaming Headset in its latest Best Gaming Headsets 2022 story. The Stealth 700 Gen 2 MAX for Xbox comes in Black or a stunning Cobalt Blue and is available from www.turtlebeach.com and participating retailers for a $199.99 MSRP. Also available globally are Turtle Beach’s new Designed for Xbox Stealth 600 Gen 2 MAX and Stealth 600 Gen 2 USB wireless gaming headsets. Just like its 700 MAX sibling, the all-new Stealth 600 Gen 2 MAX for Xbox adds multiplatform compatibility and a massive, best-in-class 48+ hour battery life to the industry’s best-selling wireless gaming headset series. The Stealth 600 Gen 2 MAX for Xbox comes in Black, Midnight Red, and Arctic Camo and is available from www.turtlebeach.com and participating retailers for a $129.99 MSRP. The new Stealth 600 Gen 2 USB for Xbox brings the best-selling headset series’ battery life up to 24+ hours while maintaining its attractive $99.99 MSRP.

Neutral

Turtle Beach Corporation Provides Information to Shareholders

2022-05-09 11:39:00

On May 9, 2022, Turtle Beach Corporation announced that it has made certain updates to its website relating to the upcoming 2022 annual meeting of stockholders. In addition, the Company stated that it has filed a definitive proxy statement and urged the shareholders of the Company to vote for its board nominees at the 2022 annual meeting of shareholders.

Positive

Turtle Beach Exploring a Sales Process

2022-05-05 23:30:00

Turtle Beach Corporation (NasdaqGM:HEAR) said it is exploring a sales process as it considers ways to maximize value for shareholders. In a letter to shareholders, the company said it has engaged with potential buyers on three separate occasions in the last five years and that it hired Bank of America last year to spearhead the process. “Based on that outreach, the company signed 10 (non disclosure agreements) and held 9 management meetings,” the letter said. The company has been engaging in ongoing discussions with at least two strategic buyers, two sources familiar with the matter said on May 05, 2022. The company has also received calls from financial buyers who might be interested in making an acquisition, the sources said.

Neutral

Turtle Beach Corporation Provides Earnings Guidance for the Year 2022; Provides Earnings Guidance for the Second Quarter of 2022

2022-05-04 20:05:00

Turtle Beach Corporation provided earnings guidance for the year 2022. For the year, the company is maintaining its full year 2022 outlook and expects revenue to be approximately flat, plus or minus 5%, from its record 2021 revenues. Net income per diluted share is expected to be within the range of $0.70 to $1.20 based upon 17.5 million diluted shares for 2022. For the second quarter, the company expects second quarter 2022 revenues to be approximately flat to first quarter 2022 and anticipates stronger growth in the second half of 2022 driven by the launch of new triple A games in advance of the holiday season, lesser constraints on console supplies, pent-up demand created by short-term consumer caution, and the impact from new product launches.

Neutral

Tranche Update on Turtle Beach Corporation (NasdaqGM:HEAR)'s Equity Buyback Plan announced on April 10, 2019.

2022-05-04 17:08:00

From January 1, 2022 to March 31, 2022, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 440,220 shares, representing 2.92% for $7.41 million under the buyback announced on April 10, 2019.

Positive

The Donerail Group Delivers Material to Shareholders of Turtle Beach Corporation

2022-05-03 17:04:00

On May 3, 2022, The Donerail Group, LP delivered material to shareholders of Turtle Beach Corporation in connection with the Company’s annual meeting of shareholders.

Positive

The Donerail Group Sends a Letter to Shareholders

2022-04-29 14:15:00

On April 29, 2022, The Donerail Group released a letter to shareholders of Turtle Beach Corporation and expressed that the shareholders will read written correspondence and recognize the current board is entrenched and refused potential bona fide suitor. Donerail Group noted that the Company beach alleges Donerail has made omissions regarding engagement, so Donerail is compelled to release emails and private letter to correct the record. In addition, Donerail Group stated that it reinforced that change is badly needed and urges shareholders to vote on its proxy card to elect Donerail’s full slate of qualified directors.

Neutral

Turtle Beach Corporation Communicates with Shareholders

2022-04-28 14:15:00

On April 28, 2022, Turtle Beach Corporation Communicates with its shareholders in connection with the information provided by the Donerail Group LP regarding board positions and the Company stated that information provided by Donerail Group LP is incomplete. In addition, the Company urged the shareholders to vote for its board nominees at the 2022 annual meeting of shareholders.

Neutral

Turtle Beach Corporation - Shareholder/Analyst Call

2022-04-25 20:48:00

AGM

Neutral

Turtle Beach Corporation, Annual General Meeting, Jun 07, 2022

2022-04-25 20:48:00

Turtle Beach Corporation, Annual General Meeting, Jun 07, 2022, at 09:00 Pacific Standard Time. Agenda: To elect eight members to the Board of Directors to serve until the next Annual Meeting of Stockholders and until their successors are elected and are qualified; to ratify the appointment of BDO USA, LLP as company's independent registered public accounting firm for the fiscal year ending December 31, 2022; and to consider the compensation of our named executive officers.

Positive

Turtle Beach’s All-New Recon Air Wireless Chat Communicator Launches Worldwide

2022-04-25 20:05:00

Turtle Beach Corporation revealed the Company’s all-new Turtle BeachRecon Air Wireless Chat Communicator headset is now available at participating retailers worldwide. The Recon Air is designed for gamers who have a killer home entertainment system for game audio and need a headset to hear and talk to other players, and it’s perfect for anybody who wants a sleek Bluetooth wireless chat headset that can be used for audio and video conferencing and a variety of daily needs. Turtle Beach’s Recon Air delivers high-quality inbound and outbound chat with friends and teammates and is a great tool for congratulating the other team on their epic loss. The Recon Air’s microphone is tuned for gaming to pick up voice chat loud and clear and is also noise-cancelling to minimize background distractions. A rechargeable 10-hour battery powers the headset throughout the day, while a reversible ear hook and swappable ear tips ensure comfort. The Designed for Xbox Recon Air delivers crystal-clear chat on Xbox Series X|S and Xbox One, and there’s also a version for PS5 and PS4. Both models are also compatible with Windows PCs, Mac, and Bluetooth-enabled iOS and Android mobile devices. Recon Air is available for participating retailers worldwide for a $39.99 MSRP. The all-new wireless Recon Air enables complete freedom for crystal-clear chat with teammates as well as for taunting enemies, while also looking and sounding fantastic when using services like Discord, Skype, Teams, Zoom, and more. Recon Air has a sleek, minimalist design and its unidirectional, noise-cancelling, gaming-tuned microphone picks up voice chat loud and clear while minimizing background noise. The Recon Air’s wireless transmitter makes setup on Xbox or PlayStation consoles a breeze, and lag-free Bluetooth 5.1 connectivity expands compatibility for Windows PCs and Mac, as well as iOS and Android mobile devices. Ensuring a comfortable fit for everyone, the Recon Air has a customizable design that allows users to rotate the ear hook to wear the headset on either side of their head, and three different sized interchangeable ear tips make for the perfect fit. The long-lasting 10-hour battery keeps players in the game without interruptions, plus a quick 15-minute charge using the included USB-C cable delivers three hours of battery life. Additionally, integrated controls allow gamers to keep their eyes on the action and easily adjust chat volume, mute the sound, answer phone calls, and use other Bluetooth-enabled functions.

Neutral

Turtle Beach Files Definitive Proxy Materials and Mails Letter to Stockholders

2022-04-25 16:48:00

On April 25, 2022, Turtle Beach Corporation announced that it has filed definitive proxy materials with the Securities and Exchange Commission in connection with its upcoming annual meeting of stockholders scheduled for June 7, 2022. The Company stated that it urges stockholders to vote for all 6 of its director nominees, Juergen Stark, Greg Ballard, Yie-Hsin Hung, William Keitel, Kelly Thompson, and Andrew Wolfe, on the Company’s proxy card. The Company also stated that it underscores the Donerail Group’s self-serving agenda to gain effective control of the Company’s board without any strategic proposals, relevant skills, or value proposition to stockholders. The Company added that it launches www.VoteTurtleBeach.com, providing additional information for stockholders including the Company’s history of constructive engagement with Donerail Group.

Positive

Turtle Beach Explores Strategic Options

2022-04-25 16:43:00

Turtle Beach Corporation (NasdaqGM:HEAR) is looking at strategic alternatives including a possible sale, the company said on April 22, 2022, as it seeks to defend itself against a hedge fund which is seeking to replace all of the gaming equipment company’s six board members. Investment advisory firm Donerail Group and Turtle Beach have both made regulatory filings urging the company’s investors to back their candidates at this year’s annual meeting. The company said that Donerail, which had earlier attempted to buy Turtle Beach, has issued public letters and press releases with misleading and false information regarding the company and its performance. Turtle Beach said that it will continue to engage in discussions with strategic acquirers and private equity firms to explore a sale. Donerail said that the Turtle Beach board must be replaced citing its compensation package that was in line with companies much larger than itself, adding that the board cannot be trusted. Earlier in March 2022, Donerail Group said in a letter to shareholders that it was working with another asset manager to uproot the company’s board and nominated six directors.

Positive

The Donerail Group LP Issues an Open Letter Shareholders of Turtle Beach Corporation

2022-04-25 14:50:00

On April 25, 2022, The Donerail Group LP sent a letter to shareholders of Turtle Beach Corporation, highlights the compensation of the current board compares with Company’s current enterprise value and Company’s revenue. In addition, The Donerail Group LP urged the shareholders of the Company to vote for its board nominees at the annual meeting of shareholders scheduled to be held on June 7, 2022.

Neutral

Turtle Beach Corporation Solicits Proxies from Shareholders

2022-04-21 08:02:00

On April 21, 2022, Turtle Beach Corporation announced that it has filed a definitive proxy statement with Sec and urged the shareholders to vote for its board nominees Juergen Stark, William E. Keitel, L. Gregory Ballard, Yie-Hsin Hung, Kelly Thompson and Andrew Wolfe and other proposals at the annual meeting of shareholders scheduled to be held on June 7, 2022.

Neutral

Turtle Beach Corporation, Q1 2022 Earnings Call, May 04, 2022

2022-04-20 12:00:00

Turtle Beach Corporation, Q1 2022 Earnings Call, May 04, 2022

Neutral

Turtle Beach Corporation to Report Q1, 2022 Results on May 04, 2022

2022-04-20 12:00:00

Turtle Beach Corporation announced that they will report Q1, 2022 results After-Market on May 04, 2022

Positive

The Donerail Group Posts Materials to its Website for Shareholders of Turtle Beach Corporation

2022-04-15 16:29:00

On April 15, 2022, The Donerail Group, LP announced that it has uploaded materials to https://ResetTurtleBeach.com in connection with Turtle Beach Corporation’s annual shareholders meeting.

Positive

The Donerail Group LP Issues an Open Letter to Shareholders of Turtle Beach Corporation

2022-04-06 13:00:00

On April 6, 2022, The Donerail Group LP issued an open letter to shareholders of Turtle Beach Corporation and mentioned that it intends to file a preliminary proxy statement with the Securities and Exchange Commission to be used to solicit votes to elect its slate of director nominees at the 2022 annual meeting of shareholders of the Company.

Positive

Turtle Beach Levels-Up Its Premium Wireless Gaming Headset Series with the Multiplatform Stealth 700 Gen 2 Max for Xbox

2022-04-04 12:30:00

Turtle Beach Corporation announced the Designed for Xbox Stealth 700 Gen 2 MAX as an all-new entry to the best-selling brand’s Stealth 700 series of premium wireless gaming headsets. By simply flipping a switch, the Stealth 700 Gen 2 MAX offers players the ability to connect lag-free via wireless USB or Bluetooth® to more gaming systems, including Xbox Series X|S and Xbox One, PS5™ and PS4™, plus Nintendo Switch™, Windows PCs and Mac®, and compatible iOS and Android mobile devices. Stealth 700 Gen 2 MAX also increases battery life to 40+ hours, with 15-minutes of charge delivering over eight hours of playtime. The Stealth 700 Gen 2 MAX continues delivering the superior high-quality audio with powerful 3D spatial surround sound and ultimate comfort that have made it the best-selling and highly acclaimed premium wireless gaming headset. IGN recently included the Stealth 700 Gen 2 in its latest Best Gaming Headsets 2022 story, naming it the Best Xbox Series X|S Gaming Headset. The Stealth 700 Gen 2’s premium features like large and powerful 50mm Nanoclear™ drivers, Aerofit™ cooling gel-infused memory foam ear cushions, ProSpecs™ glasses-friendly comfort, Superhuman Hearing®, a metal-reinforced headband, as well as Bluetooth for talking on Discord, taking calls, listening to music, and connecting to the mobile companion app – all make a return with the Stealth 700 Gen 2 MAX. The Designed for Xbox Stealth 700 Gen 2 MAX is available for pre-order from www.turtlebeach.com and at participating retailers worldwide. Available in Black or Cobalt Blue, Stealth 700 Gen 2 MAX for Xbox launches globally on May 8, 2022 for a $199.99 MSRP. Additionally, Turtle Beach’s new Designed for Xbox Stealth 600 Gen 2 MAX and Stealth 600 Gen 2 USB models unveiled in early March are now available for pre-order in North America and launch May 8, 2022. In the UK and Europe, the Stealth 600 Gen 2 MAX and USB Xbox models are on-sale at .turtlebeach.com and at participating retailers. Stealth 600 Gen 2 MAX for Xbox adds multiplatform compatibility plus best-in-class 48+ hour battery life for a $129.99 MSRP, while Stealth 600 Gen 2 USB for Xbox brings the best-selling headset’s battery life up to 24+ hours while maintaining its attractive $99.99 MSRP. The Stealth 600 Gen 2 MAX in Black is available on April 4, 2022, while the Midnight Red and Arctic Camo versions will be available May 8, 2022. Stealth 600 Gen 2 USB is available in Black or White. Full details on Turtle Beach’s all-new Stealth 700 Gen 2 MAX, Stealth 600 Gen 2 MAX, and Stealth 600 Gen 2 USB follow: Stealth 700 Gen 2 MAX: The Designed for Xbox Turtle Beach Stealth 700 Gen 2 MAX delivers a premium gaming audio experience on more systems. With the toggle of a switch players can use their headset with Xbox Series X|S and Xbox One, PS5 and PS4, Nintendo Switch, Windows PCs and Mac, and experience the immersive 3D spatial surround sound**, premium features, and class-leading comfort the Stealth 700 series is known for. The Stealth 700 Gen 2 MAX’s Bluetooth connection also makes it great for mobile gaming on compatible iOS and Android devices, as well as for chatting on Discord, taking calls, or listening to music simultaneously while gaming. Players can also use Bluetooth to connect to the Stealth 700 Gen 2 MAX mobile companion app on compatible iOS and Android devices where they’ll be able to customize features like audio presets, Mic Monitoring, and other settings. The Stealth 700 Gen 2 MAX’s upgraded battery delivers 40+ hours of playtime and a lag-free, lossless wireless USB stays connected without interruption. ProSpecs glasses-friendly technology and Aerofit cooling gel-infused memory foam ear cushions provide exceptional comfort, while 50mm Nanoclear speakers bring games to life. Players will also enjoy crystal-clear chat with the Gen 2’s flip-to-mute mic, as well as premium features like Turtle Beach’s exclusive Superhuman Hearing sound setting for a competitive advantage. Turtle Beach’s Designed for Xbox Stealth 700 Gen 2 MAX is available for pre-order now in Black or Cobalt Blue for a MSRP of $199.99. Launches globally on May 8, 2022. Stealth 600 Gen 2 MAX: The Designed for Xbox Turtle Beach Stealth 600 Gen 2 MAX wireless multiplatform gaming headset delivers incredible battery life and high-quality game audio. A monster 48+ hour battery life keeps the headset going for days while a low-latency, lossless connection to game systems is handled by Turtle Beach’s proprietary lag-free 2.4GHz wireless USB transmitter. With the simple flip of a switch, players can select their favorite game system and experience immersive, 3D spatial surround sound** through large and powerful 50mm speakers, and crystal-clear chat with the Gen 2’s flip-to-mute microphone. Soft, ProSpecs™ glasses-friendly ear cushions offer plush comfort, and easy access controls let players adjust their settings and activate features like Superhuman Hearing for a competitive advantage. Stealth 600 Gen 2 MAX for Xbox is available for pre-order in North America in Black, Midnight Red, or Arctic Camo for a MSRP of $129.99. In the UK and Europe Stealth 600 Gen 2 MAX in Black is available for a MSRP of £129.99 /€139.99, while the Midnight Red and Arctic Camo versions will be available May 8, 2022. Stealth 600 Gen 2 USB: The Designed for Xbox Turtle Beach Stealth 600 Gen 2 USB wireless amplified headset delivers high-quality game audio & chat on Xbox Series X|S and Xbox One. A long-lasting 24+ hour battery means less charging and more gaming while a low-latency, lossless connection is handled by Turtle Beach’s proprietary lag-free 2.4GHz wireless USB transmitter. Players will experience immersive, 3D spatial surround sound** through 50mm speakers, and crystal-clear chat through the Gen 2’s flip-to-mute microphone. Soft, ProSpecs glasses-friendly ear cushions offer plush comfort, and easy access controls let players adjust their settings and activate features like Superhuman Hearing for a competitive advantage. Available for pre-order in North America in Black or White for a MSRP of $99.99. Available in the UK and Europe now for a MSRP of £89.99 /€99.99. Stealth 600 Gen 2 USB for Xbox will be available in North America May 8, 2022.

Positive

ROCCAT Expands Its Lightweight Symmetrical Mouse Series With the New Burst Pro Air Wireless PC Gaming Mouse

2022-03-31 12:30:00

ROCCAT, Turtle Beach Corporation’s revealed the new Burst Pro Air as the premium wireless addition to its Burst family of lightweight PC gaming mice. Like its wired Burst Pro counterpart, the Burst Pro Air is designed for PC gamers that prefer the comfort and feel of an ergonomic symmetrical mouse with a lightweight design, and wireless freedom. The wireless Burst Pro Air is lightweight at 81g and delivers ROCCAT’s core performance components like the Owl-Eye Optical 19K DPI sensor and ridiculously fast Titan Optical Switches, while Stellar Wireless technology optimizes and manages wireless signal strength and battery use for optimal performance. The Burst Pro Air has a rechargeable battery life of up to 100 hours, and PC gamers can enjoy up to five hours of gaming after rapid-charging the mouse for only 10-minutes. The Burst Pro Air’s revolutionary transparent Bionic Shell also returns, this time updated with additional LEDs for a more consistent and vibrant RGB lighting experience. The Burst Pro Air is now available for pre-order at www.roccat.com and participating retailers worldwide and launches globally on April 26, 2022. The Burst Pro Airfeatures the same ergonomic and symmetrical shape ROCCAT created for the original wired Burst Pro; a design focused on performance and comfort in high-speed first-person PC games like Fortnite, Apex Legends, and Valorant. ROCCAT’s Owl-Eye optical sensor (based on PAW3370 from PixArt) delivers 19K DPI and 400 IPS tracking speed for an unprecedented movement tracking efficiency. Additionally, ROCCAT’s ridiculously fast Titan Optical Switches give a responsive click with incredibly rapid actuation for unparalleled speed and precision. The Titan Optical Switch is twice as fast as a mechanical switch and twice as durable, clocking in at a scorching 0.2ms actuation speed for up to 70 million clicks. Additionally, while most wireless mice are typically heavier, the Burst Pro Airis lightweight at just 81g due to ROCCAT’s unique water- and dust-resistant Bionic Shell design. The Burst Pro Air also houses four LED zones that light up to reveal its inner honeycomb structure. Once connected, gamers can use ROCCAT’s AIMO RGB lighting engine – which produces a vibrant lighting display in 16.8 million colors – to sync with other compatible AIMO-enabled products for RGB illumination that flows from one ROCCAT device to the next. The Burst Pro Air’s wireless connectivity and battery performance are managed by ROCCAT’s Stellar Wireless technology, which constantly balances signal strength and battery usage for optimal performance. PC gamers also have the choice between a low-latency gaming-grade 2.4GHz wireless connection, or a multi-purpose Bluetooth 5.2 wireless connection. The Burst Pro Air delivers up to 100 hours of wireless performance on a single charge for uninterrupted gameplay. Additionally, USB-C rapid charging gives players up to five hours of play time with just a 10-minute charge. When the time to recharge the Burst Pro Air eventually arrives, the flexible and lightweight PhantomFlex cable feels as close to “wireless” as possible. The Burst Pro Air's heat-treated pure PTFE glides are also a game changer. The additional heat-treatment means the Burst Pro Air comes pre-tuned to deliver incredible glide and smooth mouse movements right out of the box. Adding to its myriad of features, the Burst Pro Air also supports the NVIDIA Reflex Analyzer. NVIDIA G-SYNC displays with Reflex have the world’s first and only system latency analyzer that detects clicks coming from gaming mice and measures the time for the resulting pixels (weapon muzzle flash) to change on screen. When using ROCCAT’s Kone XP mouse in conjunction with an NVIDIA G-SYNC display with Reflex, gamers can measure and improve full peripheral and end-to-end system latency.

Positive

Roccat Launches the All-New Kone Xp Ergonomic Multi-Genre Pc Gaming Mouse At Participating Retailers Worldwide

2022-03-29 12:30:00

Turtle Beach Corporation’s announced the retail availability of its all-new Kone XPergonomic PC gaming mouse. Already revered for the Kone’s perfected ergonomics, ROCCAT’s new Kone XP mouse pairs the brand’s iconic shape with 15 buttons and 29 assignable functions, making it one of the most customizable PC gaming mice available and perfect for gamers who play a variety of game types. Hardcore PC gamers will appreciate the Kone XP’s top performance features like ROCCAT’s Owl-Eye 19K DPI sensor and ridiculously fast Titan Optical Switches, while heat-treated pure PFTE mouse skates and the PhantomFlex™ cable provide a near-wireless feel for smooth coasting across desktops. For PC gamers who love RGB lighting, ROCCAT’s Kone XP once again takes peripheral lighting to new heights and is sure to standout on any desktop with over 20 LEDs and the new transparent 4D Krystal Wheel. ROCCAT’s all-new Kone XP PC gaming mouse is available at participating retailers worldwide for a MSRP of $89.99. The Kone XP's multi-button design, along with its revised ergonomics, reduced weight, and overall comfort will appeal to fans of ROCCAT’s earlier Kone AIMO Remastered, as well as PC gamers who play a range of games across different genres. The Kone XP mouse features the most buttons of any mouse in its price range. It has 15 buttons, with 29 different button functionalities thanks to ROCCAT's Easy-Shift[+]™ technology — perfect for strategy games and MMOs like the recently released Lost Ark or Elden Ring. The Kone XP's ridiculously fast Titan Optical Switches sit under the left and right click buttons, giving a responsive click with incredibly rapid actuation for unparalleled speed and precision. The Titan Optical Switch is twice as fast as a mechanical switch and twice as durable, clocking in at a scorching 0.2ms actuation speed for up to 70 million clicks. Kone XP also allows for customizable debounce timing – critical for drag-clicking, making it a great companion for Minecraft. With the Kone XP's amazing 22 LED lights, 8 light pipelines and translucent shell, ROCCAT is once again reinventing RGB lighting. The Kone XP’s translucent shell sets the stage to showcase ROCCAT’s AIMO lighting engine and ecosystem, synchronizing with other AIMO-enabled ROCCAT products such as the Magma membrane keyboard or the award-winning Vulcans.AIMO produces vibrant lighting displays in 16.8 million colours right out of the box, without the need for extensive configuration. Kone XP also features ROCCAT’s innovative 4D Krystal Wheel, which diffuses RGB lighting through its smoky transparent design to produce a unique lighting effect. In addition to the typical vertical click and scroll functions, the 4D Krystal Wheel also provides left and right lateral inputs, plus ROCCAT's satisfying tactile “click” feel. At the heart of the Kone XP PC gamers will find ROCCAT’s Owl-Eye 19K DPI optical sensor (based on PAW3370 from PixArt). The Owl-Eye sensor tracks mouse movement with high-precision for extreme in-game accuracy and is customizable via ROCCAT’s Swarm software suite. The Kone XP also features ROCCAT’s PhantomFlex™ cable and heat-treated PTFE glides for a wireless mouse feeling. Flexible, pliable, and light, the cable resists snagging or tangling, and the extra heat-treatment on the slides means the mouse glides smoothly across desktops. The Kone XP PC gaming mouse is also among a select list of products supporting the NVIDIA Reflex Analyzer. NVIDIA G-SYNC displays with Reflex have the world’s first and only system latency analyzer that detects clicks coming from gaming mice and measures the time for the resulting pixels (weapon muzzle flash) to change on screen. When using ROCCAT’s Kone XP mouse in conjunction with an NVIDIA G-SYNC display with Reflex, gamers can measure and improve full peripheral and end-to-end system latency.

Neutral

Tranche Update on Turtle Beach Corporation (NasdaqGM:HEAR)'s Equity Buyback Plan announced on April 10, 2019.

2022-03-02 17:01:00

From October 1, 2021 to December 31, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 440,220 shares, representing 2.92% for $7.41 million under the buyback announced on April 10, 2019.

Negative

Donerail Group LP cancelled the acquisition of remaining stake in Turtle Beach Corporation (NasdaqGM:HEAR).

2022-03-02 00:00:00

Donerail Group LP agreed to acquire remaining stake in Turtle Beach Corporation (NasdaqGM:HEAR) on April 27, 2021. As reported on August 20, 201, Donerail's revised offer values Turtle Beach at $36.50 per share in cash, up from its original $34.50 per share bid. Donerail able to meaningfully increase offer if, based on Donerail’s diligence, found evidence of additional value inherent in the Turtle Beach that would warrant a higher premium. Prior $36.50 per share offer got rejected. On December 20, 2021, Donerail presented to Turtle Board of Directors a Revised Offer to acquire Turtle in an all-cash transaction at a proposed price of $32.86 per share, Donerail’s Revised Offer Stands at a 51% Premium to Turtle Closing Share Price on December 14th and a 20% Premium to Price at Which Turtle CFO Sold Majority of His Stock Position Last Month. Donerail would consider substantially increasing the offer. Donerail discloses ownership of more than 4% of Turtle Beach. Donerail not need a financing contingency as part of a transaction. On July 9, 2021, the Board had limited financing concerns and confirmed the credibility of Donerail prospective financing package and initial offer was not deemed sufficiently high enough to warrant further engagement. The transaction is subject to confirmatory due diligence. Turtle Beach Board of Directors deemed Donerail’s acquisition financing to be credible yet rejected Donerail's offer and refused to engage with Donerail to negotiate a transaction. The offer was rejected by Turtle's board as it was not deemed sufficiently high enough to warrant further engagement as reported on July 9, 2021. Donerail proposal was again turned down as under-priced on August 20, 2021. Donerail Group LP cancelled the acquisition of remaining stake in Turtle Beach Corporation (NasdaqGM:HEAR) on March 2, 2022.

Positive

Donerail Group Submits a Revised Offer to Acquire Turtle Beach Corporation

2021-12-22 18:57:00

On December 22, 2021, The Donerail Group LP announced that it has submitted a revised offer to acquire Turtle Beach Corporation for $32.86 per share in cash. Donerail Group stated that its revised offer stands at a 51% premium to the Company's closing share price on December 14th and a 20% premium to the price at which the Company's CFO sold majority of his stock position last month. Donerail Group also stated that it seeks to expeditiously move forward to advance discussions with the Company.

Neutral

Turtle Beach Corporation Responds to Misleading Statements by Donerail Group

2021-12-20 08:46:00

On December 20, 2021, Turtle Beach Corporation issued the following response on behalf of its Board of Directors to misleading statements made by Donerail Group and its representatives. The Board remains committed to dutifully pursuing the best interests of the Company and its shareholders to maximize long-term value: 1) The Board continues to be open to strategic alternatives that maximize shareholder value. This is a normal, ongoing responsibility which does not necessarily benefit from public disclosures that could be damaging to the continuing operation of the business and employee retention, 2) Maximizing shareholder value with respect to a strategic alternative necessitates a careful weighing of the intrinsic value of the Company’s business against a one-time, near-term exit price. Short-term fluctuations in the share price, especially ones that are market or sector-wide, should be understood as such when evaluating the value of a business. The Board remains engaged in overseeing the strategy of the Company, which has generated significant shareholder value. As a result of that strategy, the Company is well-positioned for continued value creation, given its commanding leadership in console gaming headsets, successful diversification into new gaming accessory categories and strong profitability and cashflow.

Neutral

Turtle Beach Corporation Revises Earnings Guidance for the Full Year 2021; Provides Earnings Guidance for the Second Half of 2021

2021-11-04 20:21:00

Turtle Beach Corporation revised earnings guidance for the full year 2021. For the year, the company expects revenue to be in the range of $365 million to $380 million, up from $360 million in 2020 despite global supply challenges, logistics constraints and semiconductor shortages that the company estimates will impact full year revenues by $25 million to $30 million. This anticipated growth remains above the company’s original 2021 outlook at the midpoint and is driven by continued strong sell through of the company’s core products, the expansion of its PC accessories business, and additional revenues from new market entries.For the second half of 2021, the company expects revenue to be in the range of $193 million to $208 million.

Neutral

Tranche Update on Turtle Beach Corporation (NasdaqGM:HEAR)'s Equity Buyback Plan announced on April 10, 2019.

2021-11-04 17:01:00

From July 1, 2021 to September 30, 2021, the company has repurchased 168,920 shares, representing 1.05% for $4.88 million. With this, the company has completed the repurchase of 440,220 shares, representing 2.92% for $7.41 million under the buyback announced on April 10, 2019.

Neutral

Turtle Beach Corporation, Q3 2021 Earnings Call, Nov 04, 2021

2021-10-21 20:05:00

Turtle Beach Corporation, Q3 2021 Earnings Call, Nov 04, 2021

Neutral

Turtle Beach Corporation to Report Q3, 2021 Results on Nov 04, 2021

2021-10-21 20:05:00

Turtle Beach Corporation announced that they will report Q3, 2021 results After-Market on Nov 04, 2021

Positive

Turtle Beach Corporation Announces the Availability of Its All-New Neatskylinetm Desktop Usb Microphone

2021-10-11 12:44:00

Turtle Beach Corporation announced the availability of its all-new NeatSkylineTM desktop USB microphone. With daily virtual meetings, online get-togethers with friends and family, and online education becoming everyday activities, it’s critical voice is heard clearly. With the Neat team’s decades-long background and expertise creating many of the world’s best high-performance microphones, the all-new Skyline is designed to outperform any PC’s built-in mic to ensure sound good at home, in the office, and when learning from home. Skyline is available in black or white and has a sleek and sophisticated shape that accents any desktop setup. Its high-quality, crystal-clear 24 bit/96 kHz digital audio makes it the perfect addition to any PC, laptop, tablet, or other compatible device with a USB input. Neat Microphones’ Skyline is available Amazon, Sweetwater, American Musical Supply, zZounds, and other participating retailers in North America for a MSRP of $69.99. Skyline is planned to launch in select European territories in November. Neat Microphones’ Skyline desktop condenser USB microphone takes audio to new heights by offering outstanding versatility and incredible sound quality. The Skyline’s high-resolution 24 bit/96 kHz audio plugs into an available USB port on PC or Mac via the included a USB-C to USB-A cable. Once connected, colleagues, friends, and family will quickly note improved voice clarity when talk, and for those times don’t want to be heard, Skyline features a large, tactile mute button that feels great to push for quick, easy silence. Neat is creating the next generation of microphones, with products that embrace cutting-edge audio technology and innovative design. Whether record in a professional studio or home, whether it’s music, podcasts, gaming, voiceovers, or conferencing/chatting with colleagues, classmates, friends and family, Neat captures it all with exceptional audio clarity and looks. For the latest information on the Neat Skyline and Neat Microphone’s complete lineup of professional and consumer microphones.

Neutral

ROCCAT and Oakley Launch New Limited-Edition ROCCAT PC Gaming Eyewear Collection

2021-09-30 21:00:00

Turtle Beach and Oakley® announced their ongoing partnership now includes the PC peripherals brand ROCCAT. This partnership expansion follows the successful Turtle Beach and Oakley collaboration announced in January 2021 that debuted custom gaming eyewear and limited-edition co-branded sunglasses. With ROCCAT, Oakley continues its expansion of gaming eyewear developed for gamers looking for high performance. When paired with ROCCAT’s PC gaming headsets, including the powerful wireless Syn Pro Air and Elo series headsets featuring Turtle Beach’s patented ProSpecs™ glasses-friendly technology, PC gamers will see better, hear better, and will have an advantage in vanquishing all foes on the digital battlefield. The new Oakley x ROCCAT Collection features Oakley’s Metalink RX frames, which comes in a grey and white colorway and features ROCCAT’s iconic logo on the temple. Inside the frame lies the power of Prizm™ Gaming. Oakley Authentic Prescription lenses with Prizm™ Gaming Lens Technology provide excellent blue light filtration, allowing PC gamers to focus on the action without eye strain. The result is a purpose-inspired frame that provides vision benefits while fitting seamlessly with ROCCAT’s PC gaming headsets. The Metalink RX frames feature headset-compatible temples to ensure they stay in place even in the most intense gaming sessions and come with a custom ROCCAT logo microbag. Gamers who wear glasses can purchase the frames from Oakley.com, and Oakley will create custom Prizm™ Gaming Lenses based on their prescription.

Neutral

Turtle Beach Corporation Presents at LD Micro Main Event, Oct-12-2021 01:30 PM

2021-09-27 18:57:00

Turtle Beach Corporation Presents at LD Micro Main Event, Oct-12-2021 01:30 PM. Venue: Luxe Sunset Boulevard Hotel in Bel Air, Los Angeles, California, United States. Speakers: John T. Hanson, CFO, Treasurer & Secretary, Juergen Stark, Chairman, CEO & President.

Positive

Turtle Beach and Its PC Peripherals Brand Roccat, Launched All-New Custom, Limited-Edition Gaming Gear in Collaboration with Dr Disrespect

2021-09-22 17:15:00

Turtle Beach and its PC peripherals brand ROCCAT, launched all-new custom, limited-edition gaming gear in collaboration with Dr Disrespect. Turtle Beach, ROCCAT, and the two-time champ are ferociously stepping into The Arena for a limited time with a Champion Grade gaming headset, mouse, keyboard, and mousepad. Doc fans can now dominate like the 6-foot 8-inch specimen with the limited-edition Dr Disrespect Stealth 700™ Gen 2 headset, Vulcan TKL Pro keyboard, Kone Pro mouse, and Sense Immortal mousepad. This gear is for Champions. For the ultimate in gaming audio performance, the Turtle Beach® Stealth™ 700 Gen 2 Dr Disrespect wireless gaming headset for PS5™ & PS4™ delivers Champion Grade performance with a wireless connection as strong as the 2X himself, a long-lasting 20-hour battery, Aerofit™ Ear Cushions, and powerful 50mm Nanoclear™ drivers. Its paltry MSRP is $149.95. When it is time to take aim at the pathetic scrimmers attempting to achieve victory on map, the ROCCAT Kone Pro Dr Disrespect Mouse helps ensure headshot precision with its Owl-Eye 19k optical gaming sensor and ridiculously fast Titan Optical Switches. The mouse has a mere $89.99 MSRP. Paired with ROCCAT’s acclaimed Vulcan TKL Pro Dr Disrespect Keyboard for $159.99 MSRP and the smoothness of the Sense Immortal Dr Disrespect Mousepad for $49.99 MSRP, PC gamers will have all the essential Dr Disrespect ingredients to create an amount of in-game violence, speed, and momentum that would make the Doc proud. The Dr Disrespect limited-edition peripherals are available now and can be purchased separately, or as a Dr Disrespect Champion Grade Bundle for the ultimate Champions Club experience for $399.99.

Positive

Turtle Beach’s Redesigned Recon 200 Gen 2 Powered Multiplatform Gaming Headset Is Now Available At Retailers Worldwide

2021-09-20 20:05:00

Turtle Beach announced that the redesigned Recon™ 200 Gen 2 powered gaming headset is now available at participating retailers worldwide. Successor to the original best-selling Recon 200, the Gen 2 is available in black, white, and an all-new midnight blue color. The Gen 2 edition builds on the strengths of the original Recon 200while offering gamers more features and functionality for the same $59.95 MSRP. The Recon 200 Gen 2’s sound is driven by powerful 40mm speakers that deliver amplified audio, and it’s rechargeable 12-hour battery unleashes even more immersive features like Bass Boost and Variable Mic Monitoring. Gamers will also enjoy new softer memory foam cushions that include Turtle Beach’s patented ProSpecs™ glasses-friendly technology, and a new headband design with added rigidity and durability. The Recon 200 Gen 2 works great with Xbox Series X|S and Xbox One, PS5™ and PS4™, Nintendo Switch™, as well as with compatible PCs and mobile devices with a 3.5mm jack. The Recon 200 Gen 2’s 12-hour battery and powerful 40mm speakers offer a booming, amplified soundstage enhanced by features like always-on Bass Boost for deep lows, and the headset supports spatial sound technologies like Windows Sonic, Dolby Atmos, DTS Headphone:X1, and Sony 3D Audio. The Recon 200 Gen 2 also includes Variable Mic Monitoring so gamers can hear and adjust the volume of their voice in the headset to avoid shouting. 12-hours can go by quickly though, so the Recon 200 Gen 2 can keep delivering game audio without power in passive mode2 that delivers basic headset functionality. Additionally, the Recon 200 Gen 2’s rapid charge battery means that 15-minutes of charging will give gamers up to one and a half hours of powerful amplified game audio. Whether chatting with teammates or trash-talking the enemy, the Recon 200 Gen 2’s high-sensitivity flip-to-mute mic captures all communications loud and clear. Gamers will also feel the Recon 200 Gen 2’s redesigned comfort with ultra-soft memory foam ear cushions and ProSpecs™ glasses-friendly technology, wrapped in athletic fabric to keep ears cool and senses sharp. Additionally, the reinforced metal headband returns in the Gen 2 with enhanced styling and added rigidity, while maintaining its lightweight and flexible structure. With a simple flip of a switch, the Recon 200 Gen 2 works with Xbox or PlayStation® consoles, and more.

Positive

Roccat’S Pro Line of Pc Gaming Mice Support Nvidia’S Reflex Latency Analyzer

2021-09-20 12:30:00

ROCCAT, Turtle Beach’s announced that the Kone Pro, Kone Pro Air, and Burst Pro professional-grade PC gaming mice are compatible with NVIDIA’s latency measuring system, Reflex. NVIDIA Reflex is a revolutionary suite of technologies that optimize and measure system latency to deliver the ultimate competitive advantage. NVIDIA G-SYNC displays with Reflex have the world’s first and only system latency analyzer that detect clicks coming from gaming mice with Reflex and measure the time for the resulting pixels (weapon muzzle flash) to change on screen. PC gamers can start every match with confidence knowing their system is operating at the lowest possible latency.When using ROCCAT’s Kone Pro, Kone Pro Air, or Burst Pro mice in conjunction with an NVIDIA G-SYNC display with Reflex, gamers can measure and improve full peripheral and end-to-end system latency. There are only a limited number of PC gaming mice verified by NVIDIA to achieve this designation.

Neutral

LD Micro, Inc., LD Micro Main Event, Oct 12, 2021 through Oct 14, 2021

2021-09-13 13:00:00

LD Micro, Inc., LD Micro Main Event, Oct 12, 2021 through Oct 14, 2021. Venue: Luxe Sunset Boulevard Hotel in Bel Air, Los Angeles, California, United States.

Neutral

Turtle Beach Corporation Presents at 10th Annual Gateway Conference, Sep-08-2021 10:30 AM

2021-08-31 11:44:00

Turtle Beach Corporation Presents at 10th Annual Gateway Conference, Sep-08-2021 10:30 AM. Speakers: Juergen Stark, Chairman, CEO & President.

Positive

Donerail Group Responds to Turtle Beach

2021-08-26 21:05:00

On August 26, 2021, The Donerail Group LP responded to Turtle Beach Corporation’s press release issued on August 23, 2021. The Donerail Group stated that while the Company stated in its release that Donerail Group’s public statements had been misleading, the Company failed to detail how any of Donerail Group’s previous public statements were misleading and, instead, proceeded to present its own narrative misrepresenting Donerail Group’s acquisition efforts to date. In the press release, Donerail Group highlights Board’s efforts to obfuscate and distort the record regarding its acquisition overtures. Donerail Group stated that it remains hopeful that good faith negotiations are still possible.

Neutral

Turtle Beach Corporation Presents at D.A. Davidson 20th Annual Software & Internet Virtual Conference, Sep-09-2021 01:30 PM

2021-08-24 13:56:00

Turtle Beach Corporation Presents at D.A. Davidson 20th Annual Software & Internet Virtual Conference, Sep-09-2021 01:30 PM. Speakers: Alex Thompson, Chief Executive O cer & Chairman, John T. Hanson, CFO, Treasurer & Secretary.

Positive

Turtle Beach Corporation Responds to Misleading Statements by Donerail Group

2021-08-23 13:00:00

On August 23, 2021, Turtle Beach Corporation issued its response on behalf of its board of directors to misleading statements by Donerail Group. The Company stated that its board is committed to acting in the best interests of the Company and its shareholders to maximize long-term value. Consistent with this commitment, members of the board and management team have held numerous discussions with Donerail over the past several months to hear its views with respect to the Company. The Company does not normally comment on private communications with individual shareholders, but believes this response is necessary to address Donerail’s false statements and provide its shareholders accurate information about Donerail’s proposal. Donerail’s acquisition proposal by its terms remains preliminary, contingent, subject to due diligence and financing, and is therefore not binding. Nonetheless, at the Company’s instruction, its financial advisor Bank of America sought to engage with Donerail constructively over the past few months so that Company could review its acquisition proposal in greater detail. The Company also conveyed to Donerail that the Board had concerns regarding Donerail’s ability to consummate a transaction and its financing sources, and that it did not view Donerail’s proposed acquisition price to be sufficient. Still, the Company was willing to continue to evaluate the proposal in an effort to achieve a higher offer price.

Positive

Turtle Beach Board Rejects Donerail Group’s Increased All Cash Offer

2021-08-23 10:08:00

On August 23, 2021, Donerail Group LP announced that on August 19, 2021, Donerail issued a press release announcing that Turtle Beach Corporation had rejected Donerail’s updated offer to acquire the Company or all-cash consideration at a premium of $36.50 per share, up from Donerail’s prior all-cash offer of $34.50 per share. Since submitting its increased $36.50 per share offer, the board has indicated to Donerail that $36.50 per share is inadequate and that the board would only be open to re-engaging if Donerail provides a proposal at a meaningfully higher price, thereby effectively rejecting Donerail’s $36.50 all-cash offer that would provide certain, immediate and meaningful value to the Company’s shareholders. Donerail further highlighted in the August 19, 2021, press release its concerns that the Company’s reactions to Donerail’s proposals demonstrate the entrenchment of the board and its unwillingness to genuinely consider opportunities to maximize value for all the Company’s shareholders.

Positive

ROCCAT’s Studio-Grade Torch Microphone for Gamers, Streamers, and Aspiring Creators Now Available Worldwide

2021-08-16 12:30:00

ROCCAT, Turtle Beach’s PC peripheral brand announced the Torch Microphone is now available for purchase. The Torch is ROCCAT’s all-new USB microphone designed to deliver studio-grade performance for gamers, streamers, and aspiring creators. The Torch’s audio setup is driver-free, and the high-quality mic offers an array of professional features, including 24-bit audio quality, a dual condenser design, latency-free Mic Monitoring, and a built-in pop filter. Additionally, the Torch is compatible with a myriad of shock mounts, boom arms, and other accessories. The Torch also includes ROCCAT’s acclaimed AIMO RGB lighting through NEON – the brand’s all-new device and ecosystem software suite, and distinct lighting zones that change color depending on the microphone mode. ROCCAT’s Torch USB microphone is available at participating retailers worldwide and from www.roccat.com for a MSRP of $99.99. ROCCAT’s Torch USB microphone features a dual condenser design offering 24-bit audio with up to 48kHz sampling, ensuring a wide range of voices can be captured and perfectly broadcast. From simple whispers to loud and heated in-game reactions, the Torch delivers broadcast-quality sound for any content creator. The Torch comes with three pre-selected pick-up patterns for an effortless out-of-the-box experience. Users will be able to choose between Cardioid – perfect for gaming and streaming; Stereo – great for vocals and instruments; and the Torch’s exclusive Whisper pattern – for when user must be at quietest, but still be heard. The Torch also features quick and easy controls to deliver the best experience. Gesture-activated mute functionality provides a convenient way to instantly mute without disturbing the quality of the recorded content. For on-the-fly adjustments, the Torch’s mixer-style controls allow gamers to fine-tune settings, control volume, and cycle through the different patterns without having to install a single driver. The Torch also includes a 3.5mm headphone jack for latency-free Mic Monitoring. The Torch’s sophisticated and smart design showcases distinct lighting zones that change color depending on the selected recording pattern or microphone mode, while the ROCCAT logo uses AIMO RGB lighting to sync with other AIMO-enabled accessories in the new NEON device ecosystem. The Torchcan be used from the desktop while mounted to its mixer-style base and can also be reconfigured to be used with a wide array of boom arms. The Torch’s mic module can be separated from the base and attached to a boom arm while still maintaining the full functionality of the mixer-style base on the desktop.

Neutral

Turtle Beach Extends and Expands Partnership With League of Legends Streamer KayPea to Include ROCCAT PC Accessories

2021-08-12 20:05:00

Turtle Beach announced it has extended and expanded its partnership with the indomitable League of Legends streamer KayPea. The new multi-year deal encompasses KayPea’s continued use of her custom Turtle BeachElite Pro 2 gaming headsets on stream, and now adds ROCCAT’s award-winning line of PC accessories, including her favorites – the Kain 200 mouse and Magmakeyboard. The refreshed partnership with KayPea sees the noted League of Legends (LoL) mid-lane player (and frequent dragon swiper) continuing as a key member of Turtle Beach and ROCCAT’s growing family of esports teams, influencers, and ambassadors that encourage aspiring gamers of all backgrounds and genders to be better competitors and stronger gamers. Kelsie 'KayPea' Pelling has been streaming since 2013 and over this time has nurtured and built an immense and diverse audience of over two million fans by being positive, funny, and using her quick wits. KayPea has honed her mid-lane skills in LoL to those of a champion who plays for the love of the game and her fans. She draws energy from her community and encourages connecting with them both on and offline when she can meet them face-to-face. KayPea also focuses on growing a multicultural and welcoming community by balancing being as interactive and positive as possible, while still maintaining her quality mechanical gameplay.

Positive

Donerail Group Engages in Discussions with Turtle Beach Corporation

2021-08-09 16:37:00

On August 9, 2021, Donerail Group LP announced that it has been actively engaged with Turtle Beach Corporation’s board of directors and management for the past 5 months regarding a number of value-creating and governance-enhancing topics. Donerail Group stated that it is engaging, and expects to continue to engage, in discussions with the Company regarding its acquisition proposal and other matters relating to value maximization of the Company.

Neutral

Turtle Beach Corporation Presents at Canaccord Genuity 41st Annual Growth Conference, Aug-10-2021

2021-08-06 13:24:00

Turtle Beach Corporation Presents at Canaccord Genuity 41st Annual Growth Conference, Aug-10-2021 . Speakers: John T. Hanson, CFO, Treasurer & Secretary, Juergen Stark, Chairman, CEO & President.

Neutral

Turtle Beach Corporation Provides Financial Guidance for the Second Half and Full Year 2021

2021-08-05 20:20:00

Turtle Beach Corporation provided financial guidance for the second half and full year 2021. For the full year 2021, the Company continues to expect revenue to be approximately $385 million, up 7% from record $360 million in 2020.For the second half of 2021, the Company expects revenue to be approximately $213.4 million.

Neutral

Tranche Update on Turtle Beach Corporation (NasdaqGM:HEAR)'s Equity Buyback Plan announced on April 10, 2019.

2021-08-05 17:02:00

From April 1, 2021 to June 30, 2021, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 271,300 shares, representing 1.87% for $2.53 million under the buyback announced on April 10, 2019.

Positive

Turtle Beach Corporation Announces That Gamers on Xbox Can Now Get Their Hands on the Award-Winning Recon Controller

2021-08-02 12:30:00

Turtle Beach Corporation announced that gamers on Xbox can now get their hands on the award-winning Recon™ Controller. Turtle Beach’s all-new Designed for Xbox Recon Controller was proudly designated with “Best of E3” awards from CNN Underscored and Android Authority because it is the first controller to blend responsive and precise controls with Turtle Beach’s signature audio technologies, including Superhuman Hearing®, Mic Monitoring, Signature Audio Presets, and more. This combination of powerful, innovative controls and integrated audio heightens gamers’ senses and elevates gameplay experiences when playing on Xbox and compatible Windows 10 PCs. Turtle Beach’s Recon Controller for Xbox comes in black or white for a MSRP of $59.95, and is available for purchase at participating retailers worldwide and from www.turtlebeach.com. Designed for Xbox, the all-new Recon Controller is the first controller to pair Turtle Beach’s signature audio innovations with game-winning controls. Gamers on Xbox Series X|S, Xbox One, and compatible Windows 10 PCs will be able to plug in any wired headset with a standard 3.5mm audio interface and take advantage of proven Turtle Beach features, including Superhuman Hearing, Mic Monitoring, Signature Audio Presets, and more. Additionally, Pro-Aim™Focus Mode lets gamers tune the thumbstick sensitivity for enhanced long-range accuracy, while up to four profiles can be saved on each of the mappable rear quick-action buttons. Feel the recoil of gunshots and the purr of vehicle engines through next-gen vibration feedback from dual-rumble motors in the handles and triggers. The Recon Controller lets gamers play longer and stay cooler thanks to its ergonomic shape and cooling rubber grips. The Recon Controller is the perfect companion for any wired gaming headset, like Turtle Beach’s all-new Recon 500 and best-selling Recon 70 series headsets.

Neutral

Turtle Beach Corporation Presents at Lake Street Capital Markets 5th Annual Best Ideas Growth Conference, Sep-14-2021

2021-07-31 04:07:00

Turtle Beach Corporation Presents at Lake Street Capital Markets 5th Annual Best Ideas Growth Conference, Sep-14-2021 .

Neutral

Lake Street Capital Markets, LLC, Lake Street Capital Markets 5th Annual Best Ideas Growth Conference, Sep 14, 2021 through Sep 15, 2021

2021-07-30 21:59:00

Lake Street Capital Markets, LLC, Lake Street Capital Markets 5th Annual Best Ideas Growth Conference, Sep 14, 2021 through Sep 15, 2021.

Neutral

Turtle Beach Corporation, Q2 2021 Earnings Call, Aug 05, 2021

2021-07-22 20:05:00

Turtle Beach Corporation, Q2 2021 Earnings Call, Aug 05, 2021

Neutral

Turtle Beach Corporation to Report Q2, 2021 Results on Aug 05, 2021

2021-07-22 20:05:00

Turtle Beach Corporation announced that they will report Q2, 2021 results After-Market on Aug 05, 2021

Positive

Donerail Group LP agreed to acquire remaining stake in Turtle Beach Corporation (NasdaqGM:HEAR).

2021-07-19 00:00:00

Donerail Group LP agreed to acquire remaining stake in Turtle Beach Corporation (NasdaqGM:HEAR) on April 27, 2021. As reported on August 20, 201, Donerail's revised offer values Turtle Beach at $36.50 per share in cash, up from its original $34.50 per share bid. Donerail able to meaningfully increase offer if, based on Donerail’s diligence, found evidence of additional value inherent in the Turtle Beach that would warrant a higher premium. Prior $36.50 per share offer got rejected. On December 20, 2021, Donerail presented to Turtle Board of Directors a Revised Offer to acquire Turtle in an all-cash transaction at a proposed price of $32.86 per share, Donerail’s Revised Offer Stands at a 51% Premium to Turtle Closing Share Price on December 14th and a 20% Premium to Price at Which Turtle CFO Sold Majority of His Stock Position Last Month. Donerail would consider substantially increasing the offer. Donerail discloses ownership of more than 4% of Turtle Beach. Donerail not need a financing contingency as part of a transaction. On July 9, 2021, the Board had limited financing concerns and confirmed the credibility of Donerail prospective financing package and initial offer was not deemed sufficiently high enough to warrant further engagement. The transaction is subject to confirmatory due diligence. Turtle Beach Board of Directors deemed Donerail’s acquisition financing to be credible yet rejected Donerail's offer and refused to engage with Donerail to negotiate a transaction. The offer was rejected by Turtle's board as it was not deemed sufficiently high enough to warrant further engagement as reported on July 9, 2021. Donerail proposal was again turned down as under-priced on August 20, 2021.

Neutral

Gateway Group, Inc., 10th Annual Gateway Conference, Sep 08, 2021 through Sep 09, 2021

2021-06-28 21:26:00

Gateway Group, Inc., 10th Annual Gateway Conference, Sep 08, 2021 through Sep 09, 2021.

Fundamental Summary

Turtle Beach's recently released results from Q4 indicate that Turtle Beach is performing reasonably well and on par with its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. Therefore, they earned a total score of 68 out of 100 and a HOLD recommendation.

Turtle Beach reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 46.66 million compared to USD 93.05 million a year ago. Net loss was USD 6.48 million compared to net income of USD 8.84 million a year ago. Basic loss per share from continuing operations was USD 0.4 compared to basic earnings per share from continuing operations of USD 0.57 a year ago. Diluted loss per share from continuing operations was USD 0.4 compared to diluted earnings per share from continuing operations of USD 0.49 a year ago.

Business Description

Turtle Beach operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the brand of ROCCAT, as well as digital USB and analog microphones under the Neat Microphones brand. It serves retailers, distributors, and other customers in North America, the United Kingdom, Europe, and internationally. The company was founded in 1975 and is headquartered in White Plains, New York.

Sector Overview

Turtle Beach is included in the Technology Hardware, Storage & Peripherals according to GICS (global industry classification standard). The Technology Hardware, Storage & Peripherals industry is part of the Information Technology sector. It includes manufacturers of mobile phones, PCs, servers, electronic computer components and peripherals. Turtle Beach's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 230.5 -2.4% 80
Liabilities 89.1 -13.2% 39
Price to Book 2.5 -23.8% 67
Cash & Equivalents 37.7 34.4% 86
Equity 141.4 5.8% 69
EBITDA 27.2 -34.6% 41
Total Revenues 366.4 -6.0% 96
Parameter Value Change Score
Return on Equity 13.7 -46.5% 42
Net Cashflow -9.0 -1230.0% 87
Capital Expenditure -5.6 10.6% 87
Asset Turnover 1.7 -5.2% 51
Free Cashflow -0.4 -418.7% 38

* All values are TTM

The below chart reflects Turtle Beach's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Turtle Beach's peer average final assessment score stands on 68.0, Turtle Beach's score is 68.

  •  HEAR
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Canaan Inc. 600.4M 81 64 57
Hold
68
68 0 1
CompoSecure, Inc. 441.4M 59 58 58
Underperform
53
53 1 1
Apple Inc. 2.3T 53 74 84
Hold
75
75 2 1
Dell Technologies Inc. 37.2B 54 69 72
Hold
66
66 3 1
HP Inc. 36.5B 95 73 57
Buy
82
82 4 1
Hewlett Packard Enterprise Company 18.4B 63 73 66
Hold
70
70 5 1
Seagate Technology Holdings plc 15.9B 56 79 76
Hold
76
76 6 1
Western Digital Corporation 14.9B 59 82 70
Hold
76
76 7 1
NetApp, Inc. 14.9B 62 70 55
Hold
61
61 8 1
Pure Storage, Inc. 8.0B 55 71 95
Buy
81
81 9 1
Xerox Holdings Corporation 2.5B 62 69 69
Hold
69
69 10 1
Super Micro Computer, Inc. 2.2B 93 69 62
Buy
81
81 11 1
Corsair Gaming, Inc. 1.4B 52 71 40
Underperform
48
48 12 1
3D Systems Corporation 1.3B 45 67 55
Underperform
50
50 13 1
Stratasys Ltd. 1.3B 57 58 55
Underperform
50
50 14 1
Avid Technology, Inc. 1.2B 49 75 74
Hold
68
68 15 1
IonQ, Inc. 957.0M 37 43 82
Underperform
44
44 16 1
Nano Dimension Ltd. 834.0M 82 45 70
Hold
69
69 17 1
Eastman Kodak Company 419.9M 58 68 57
Underperform
58
58 18 1
Coolpad Group Limited 275.6M 53 80 58
Underperform
58
58 19 1
Diebold Nixdorf, Incorporated 190.3M 54 72 53
Underperform
57
57 20 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Turtle Beach's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Turtle Beach's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 13.73
52W Low 13.16
52W High 32.84
5D MA 13.61
50D MA 16.6
200D MA 22.45
MACD -1.04
RSI 12.0
STOCH 16.24

Balance Sheet Analysis

Two main balance sheet metrics are driving the positive outlook for Turtle Beach's financial strength going forward. Turtle Beach did a great job related to cash and cash equivalents this period, which stood at 37.7, representing a 34.4% change from the previous filing. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. Therefore, its cash and cash equivalents movement earned a score of 86. Also, Turtle Beach's management was effective in managing the value of the assets on their balance sheet, which now sits at 230.5 and represents a -2.4% change from the previous report. These results, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. Consequently, their asset movement received a grade of 80. That said, one metric, Liabilities, stood out as particularly concerning. Turtle Beach's liabilities stood at 89.1 in the current filing, which represents a -13.2% change from the previous report. This performance is relatively weak in comparison to their peers and suggests that its's stock price will likely suffer until this is solved. Its liabilities movement component, therefore, received a grade of 39. Consequently, the company's balance sheet earned a rank of 67.

Parameter Value Change Score
Assets 230.5 -2.4% 80
Liabilities 89.1 -13.2% 39
Price to Book 2.5 -23.8% 67
Cash & Equivalents 37.7 34.4% 86
Equity 141.4 5.8% 69
* All values are TTM

The below chart describes Turtle Beach's performance as reflected on its balance sheet with respect to its peers. While Turtle Beach received a balance sheet score of 67, the average of its peers stands on 69.0.

  •  HEAR
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Canaan Inc. 600.4M 76 62 88 67 83 81 0 1
CompoSecure, Inc. 441.4M 58 64 66 44 82 59 1 1
Apple Inc. 2.3T 50 80 60 46 56 53 2 1
Dell Technologies Inc. 37.2B 56 80 57 44 55 54 3 1
HP Inc. 36.5B 71 73 97 91 92 95 4 1
Hewlett Packard Enterprise Company 18.4B 52 78 73 46 67 63 5 1
Seagate Technology Holdings plc 15.9B 60 80 58 46 52 56 6 1
Western Digital Corporation 14.9B 60 77 55 68 62 59 7 1
NetApp, Inc. 14.9B 78 67 60 67 52 62 8 1
Pure Storage, Inc. 8.0B 42 82 62 66 57 55 9 1
Xerox Holdings Corporation 2.5B 67 77 60 58 56 62 10 1
Super Micro Computer, Inc. 2.2B 89 62 93 70 90 93 11 1
Corsair Gaming, Inc. 1.4B 50 72 64 38 63 52 12 1
3D Systems Corporation 1.3B 57 80 46 38 45 45 13 1
Stratasys Ltd. 1.3B 58 81 47 88 54 57 14 1
Avid Technology, Inc. 1.2B 52 82 43 45 59 49 15 1
IonQ, Inc. 957.0M 38 74 53 37 49 37 16 1
Nano Dimension Ltd. 834.0M 96 85 59 48 60 82 17 1
Eastman Kodak Company 419.9M 67 70 55 53 66 58 18 1
Coolpad Group Limited 275.6M 48 86 47 63 45 53 19 1
Diebold Nixdorf, Incorporated 190.3M 65 83 43 40 56 54 20 1

Income Statement Analysis

Two metrics jump up as the most significant positive drivers of the income statement's strength in Turtle Beach's recent report: Revenue Efficiency and Return Factors. Turtle Beach's financials reveal an interesting trend for their revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 16.1%. Their industry-leading revenue efficiency makes a strong case for upward pressure on its's stock price. As a result, its revenue efficiency earned a score of 96. Also, In this filing, Turtle Beach reported a return on equity (ROE) ratio of 13.7, which represents a change of -46.5%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 42. That said, one metric, EBITDA, stood out as strongly negative. Turtle Beach's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as 27.2, which represents a -34.6% change from the last period. This parameter coud affect companies in the same industry and market capitalization by up to 12.2%. Their EBITDA metrics are even more problematic when compared to their peers. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 41. As the companie's management is doing an excellent job managing the critical metrics, the income statement was given a score of 69.

Parameter Value Change Score
EBITDA 27.2 -34.6% 41
Total Revenues 366.4 -6.0% 96
Return on Equity 13.7 -46.5% 42
* All values are TTM

The below chart describes Turtle Beach's performance as reflected on its income statement with respect to its peers. While Turtle Beach received a income statement score of 69 , the average of its peers stands on 67.0.

  •  HEAR
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Canaan Inc. 600.4M 38 93 77 64 0 1
CompoSecure, Inc. 441.4M 51 69 53 58 1 1
Apple Inc. 2.3T 76 67 79 74 2 1
Dell Technologies Inc. 37.2B 68 65 82 69 3 1
HP Inc. 36.5B 81 61 64 73 4 1
Hewlett Packard Enterprise Company 18.4B 85 56 61 73 5 1
Seagate Technology Holdings plc 15.9B 83 69 90 79 6 1
Western Digital Corporation 14.9B 80 83 71 82 7 1
NetApp, Inc. 14.9B 76 63 52 70 8 1
Pure Storage, Inc. 8.0B 46 97 96 71 9 1
Xerox Holdings Corporation 2.5B 88 46 45 69 10 1
Super Micro Computer, Inc. 2.2B 43 95 95 69 11 1
Corsair Gaming, Inc. 1.4B 97 41 39 71 12 1
3D Systems Corporation 1.3B 91 38 42 67 13 1
Stratasys Ltd. 1.3B 61 48 81 58 14 1
Avid Technology, Inc. 1.2B 79 68 69 75 15 1
IonQ, Inc. 957.0M 37 47 61 43 16 1
Nano Dimension Ltd. 834.0M 37 46 73 45 17 1
Eastman Kodak Company 419.9M 75 61 49 68 18 1
Coolpad Group Limited 275.6M 98 58 63 80 19 1
Diebold Nixdorf, Incorporated 190.3M 92 42 73 72 20 1

Cash Flow Analysis

Overall, Turtle Beach's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Turtle Beach's management was effective in improving their net cash flow, which now sits at -9.0 and represents a -1230.0% change from the previous report. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. The company's net cash flow, therefore, received a grade of 87. Also, Turtle Beach's management was effective in improving its CapEx, which now sits at -5.6 and represents 10.6% change from the previous report. The company appears to be headed in the right direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. The company's CapEx movement, therefore, received a grade of 87. That said, one metric, Free Cash flow, stood out as strongly negative. Turtle Beach's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. Turtle Beach recorded free cash flow of -0.4, which represents -418.7% growth from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 7.0 percent by this parameter. Their free cash flow situation is more concerning relative to their peers and competitors. Disappointing results in free cash flow often lead to negative pressure in stock prices, so we rated their free cash flow with a score of 38. The company's cash flow received an overall score of 60.

Parameter Value Change Score
Net Cashflow -9.0 -1230.0% 87
Capital Expenditure -5.6 10.6% 87
Asset Turnover 1.7 -5.2% 51
Free Cashflow -0.4 -418.7% 38
* All values are TTM

The below chart describes Turtle Beach's performance as reflected on its cash flow with respect to its peers. While Turtle Beach received a cash flow score of 60, the average of its peers stands on 68.0.

  •  HEAR
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Canaan Inc. 600.4M 67 69 73 46 57 0 1
CompoSecure, Inc. 441.4M 77 76 46 48 58 1 1
Apple Inc. 2.3T 76 75 68 91 84 2 1
Dell Technologies Inc. 37.2B 68 50 68 85 72 3 1
HP Inc. 36.5B 56 59 60 59 57 4 1
Hewlett Packard Enterprise Company 18.4B 77 52 62 71 66 5 1
Seagate Technology Holdings plc 15.9B 64 77 76 79 76 6 1
Western Digital Corporation 14.9B 65 82 54 70 70 7 1
NetApp, Inc. 14.9B 77 58 37 53 55 8 1
Pure Storage, Inc. 8.0B 94 91 64 97 95 9 1
Xerox Holdings Corporation 2.5B 59 64 77 75 69 10 1
Super Micro Computer, Inc. 2.2B 51 51 90 68 62 11 1
Corsair Gaming, Inc. 1.4B 50 37 48 46 40 12 1
3D Systems Corporation 1.3B 58 40 61 65 55 13 1
Stratasys Ltd. 1.3B 83 37 77 51 55 14 1
Avid Technology, Inc. 1.2B 58 59 45 94 74 15 1
IonQ, Inc. 957.0M 69 66 54 98 82 16 1
Nano Dimension Ltd. 834.0M 69 70 74 55 70 17 1
Eastman Kodak Company 419.9M 84 50 50 54 57 18 1
Coolpad Group Limited 275.6M 59 74 79 43 58 19 1
Diebold Nixdorf, Incorporated 190.3M 38 38 59 72 53 20 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.