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Turtle Beach (HEAR) Earnings Call Presentation
2025-06-25 11:46
INVESTOR PRESENTATION NASDAQ: TBCH | MARCH 2025 SAFE HARBOR STATEMENT & IMPORTANT INFORMATION Forward-Looking Information and Statements This presentation, including the appendix, includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future event ...
Turtle Beach Corporation Amends Debt Agreement and Resumes Share Repurchases
Globenewswire· 2025-06-16 12:30
-Pursuit of Comprehensive Refinancing to Further Enhance Capital Flexibility Continues-SAN DIEGO, June 16, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: TBCH, the “Company”), a leading gaming accessories brand, today announced that it has secured a waiver under its existing debt agreement, allowing for share repurchases of up to $5 million prior to June 30, 2025 pursuant to its new $75 million authorization announced on May 8th. This action reflects the Company’s continued commitment to return ...
Turtle Beach Corporation Adopts Limited Duration Stockholder Rights Plan
Globenewswire· 2025-06-09 13:00
Core Viewpoint - Turtle Beach Corporation has adopted a limited duration stockholder rights plan to protect stockholders and enhance the value of their investments [1][2][4] Summary by Sections Rights Plan Adoption - The Board of Directors has approved a stockholder rights plan, declaring a dividend distribution of one right for each outstanding share of common stock, with a record date of June 23, 2025 [1][2] - The Rights Plan is designed to allow stockholders to realize the full potential value of their investments and to protect against actions deemed not in the best interests of the Company [2][4] Rights Plan Mechanism - The Rights become exercisable if a person or group acquires 10% or more of the Company's common stock without Board approval, allowing existing Right holders to purchase shares at a value of twice the exercise price [3] - In the event of a merger after such an acquisition, Right holders can purchase shares of the acquiring company at a similar valuation [3] Special Meeting Clause - The Rights Plan includes a clause allowing stockholders to call a special meeting to exempt a pending offer that meets specific criteria [4] - The plan is not a response to any specific takeover bid and does not aim to deter fair offers [4] Existing Stockholders - Current stockholders owning 10% or more of the Company's stock will not face penalties under the Rights Plan as long as they do not acquire additional shares cumulatively [5] Additional Information - Further details regarding the Rights Plan will be filed with the U.S. Securities and Exchange Commission and will be available on the Company's corporate website [6]
Turtle Beach Corporation to Participate in Oppenheimer 25th Annual Consumer Growth and E-Commerce Conference
GlobeNewswire News Room· 2025-06-06 12:30
Core Insights - Turtle Beach Corporation, a leading gaming accessories brand, will participate in the Oppenheimer 25th Annual Consumer Growth and E-Commerce Conference from June 9-11, 2025 [1] - CEO Cris Keirn will host a fireside chat on June 10 at 11:15 a.m. ET, with management available for meetings during the conference [1] Company Overview - Turtle Beach Corporation is recognized as one of the world's leading gaming accessory providers, known for its best-selling gaming headsets, top-rated game controllers, and award-winning PC gaming peripherals [3] - The company has maintained its position as a market leader in console gaming audio for over a decade, emphasizing innovation and customer support [3] - In 2024, Turtle Beach acquired Performance Designed Products LLC, further expanding its product offerings [3] - The company's shares are traded on the Nasdaq Exchange under the symbol TBCH [3]
Turtle Beach Corporation to Participate in Oppenheimer 25th Annual Consumer Growth and E-Commerce Conference
Globenewswire· 2025-06-06 12:30
SAN DIEGO, June 06, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: TBCH), a leading gaming accessories brand, today announced that Cris Keirn, Chief Executive Officer, and Mark Weinswig, Chief Financial Officer, will virtually participate in the Oppenheimer 25th Annual Consumer Growth and E-Commerce Conference, on June 9-11. Chief Executive Officer Cris Keirn will host a fireside chat on Tuesday, June 10 at 11:15a.m. ET, and management will also be available for meetings during the conference. A ...
Turtle Beach Corporation to Participate in Fireside Chat Hosted by Maxim Group
Globenewswire· 2025-06-02 20:15
Company Overview - Turtle Beach Corporation is a leading gaming accessories brand known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories [3] - The company has been a market leader in console gaming audio for over a decade and acquired Performance Designed Products LLC in 2024 [3] - Turtle Beach's shares are traded on the Nasdaq Exchange under the symbol TBCH [3] Upcoming Events - Cris Keirn, Chief Executive Officer, and Mark Weinswig, Chief Financial Officer, will participate in a fireside chat at the Maxim Group 2025 Virtual Tech Conference on June 4 at 2:00 p.m. ET [1] - A live webcast of the event will be available on the company's website, with a replay accessible for two weeks [2]
Prediction: This Artificial Intelligence (AI) Semiconductor Stock Will Soar After May 28
The Motley Fool· 2025-05-11 16:21
Core Insights - The AI sector has seen significant growth, with the S&P 500 and Nasdaq Composite achieving total returns of 58% and 87% respectively between 2023 and 2024, largely driven by the AI revolution [1][2]. Group 1: AI Infrastructure Investment - Major companies like Microsoft, Amazon, Alphabet, Meta Platforms, and Advanced Micro Devices (AMD) are heavily investing in AI infrastructure, with a combined capex forecast of $260 billion for the year [4][6]. - Microsoft’s Azure cloud business reported a 35% year-over-year revenue growth, while Alphabet and Amazon's cloud businesses grew by 28% and 17% respectively, supporting their infrastructure budgets [6]. - Meta Platforms increased its capex from $28.1 billion in 2023 to a projected range of $64 billion to $72 billion for 2025, indicating strong commitment to AI projects [6]. Group 2: Nvidia's Market Position - Nvidia is expected to see a surge in its stock price following its upcoming Q1 earnings report on May 28, despite a recent decline of about 9% since its Q2 2024 earnings [3][10]. - Analysts predict Nvidia's revenue and earnings will nearly double over the next two years, positioning the company to dominate the AI infrastructure market [15]. - The overall sentiment in the market suggests that Nvidia's stock performance has been more influenced by macroeconomic factors than by its business fundamentals [11][12].
Turtle Beach Corporation Announces Growth in Revenue, Adjusted EBITDA and Gross Margins in First Quarter 2025 Results and $75 Million Share Repurchase Program
Globenewswire· 2025-05-08 20:15
–Net Revenue of $63.9 million, up 14% compared to prior year––Gross Margin improved to 36.6%, an increase of approximately 470 basis points compared to prior year––Net Loss of $(0.7) million compared to Net Income of $0.2 million in prior year––Adjusted EBITDA of $4.1 million, up from $1.4 million in prior year––Generated $40.5 million in cash flow from operations, the highest level since 2019––Authorized a new $75 million stock repurchase program– SAN DIEGO, May 08, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Co ...
Turtle Beach Corporation to Report First Quarter 2025 Financial Results on Thursday, May 8, 2025
Globenewswire· 2025-04-28 20:15
WHITE PLAINS, N.Y., April 28, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: TBCH) a leading gaming headset and accessories brand, today announced it will report financial results for the first quarter 2025 on Thursday, May 8, 2025, after the close of trading on the Nasdaq Stock Market. The Company will also host a conference call and audio webcast at 5:00p.m. ET / 2:00p.m. PT that same day to review the results. The call will be hosted by Cris Keirn, Chief Executive Officer, and Mark Weinswig, ...