Latest news with #TBCH
Yahoo
08-05-2025
- Business
- Yahoo
Turtle Beach: Q1 Earnings Snapshot
WHITE PLAINS, N.Y. (AP) — WHITE PLAINS, N.Y. (AP) — Turtle Beach Corp (TBCH) on Thursday reported a loss of $664,000 in its first quarter. The White Plains, New York-based company said it had a loss of 3 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share. The audio technology company posted revenue of $63.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $62.3 million. Turtle Beach expects full-year revenue in the range of $340 million to $360 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TBCH at Sign in to access your portfolio
Washington Post
08-05-2025
- Business
- Washington Post
Turtle Beach: Q1 Earnings Snapshot
WHITE PLAINS, N.Y. — WHITE PLAINS, N.Y. — Turtle Beach Corp (TBCH) on Thursday reported a loss of $664,000 in its first quarter. The White Plains, New York-based company said it had a loss of 3 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
Yahoo
16-03-2025
- Business
- Yahoo
Turtle Beach Full Year 2024 Earnings: Misses Expectations
Revenue: US$372.8m (up 44% from FY 2023). Net income: US$16.2m (up from US$17.7m loss in FY 2023). Profit margin: 4.3% (up from net loss in FY 2023). EPS: US$0.81 (up from US$1.03 loss in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 16%. In the last 12 months, the only revenue segment was Audio / Video Products contributing US$372.8m. Notably, cost of sales worth US$243.8m amounted to 65% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$52.4m (46% of total expenses). Explore how TBCH's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Tech industry in the US. Performance of the American Tech industry. The company's shares are down 12% from a week ago. Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Turtle Beach (1 can't be ignored) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
14-03-2025
- Business
- Yahoo
Turtle Beach Corp (TBCH) Q4 2024 Earnings Call Highlights: Record Revenue and EBITDA Surge Amid ...
Revenue: $146.1 million for Q4 2024, up 46.8% year-over-year. Adjusted EBITDA: $35.7 million for Q4 2024, up from $14 million in the same period last year. Gross Margin: Improved to 37% in Q4 2024, a 500 basis points increase from the previous year. Operating Expenses: $30.6 million, representing 21% of revenue, down from 24% in the prior year. Net Debt: $85 million at year-end, with $98 million in outstanding debt and $13 million in cash. Share Repurchases: $2.4 million in Q4 2024, totaling $27.8 million for the full year. 2025 Revenue Guidance: Expected to be between $395 million and $405 million. 2025 Adjusted EBITDA Guidance: Expected to be between $68 million and $72 million. Warning! GuruFocus has detected 7 Warning Signs with TBCH. Release Date: March 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Turtle Beach Corp (NASDAQ:TBCH) achieved record-breaking quarterly results in both revenue and adjusted EBITDA for Q4 2024. The acquisition of PDP significantly expanded the product portfolio and market reach, contributing positively to performance. Revenue for Q4 2024 was $146.1 million, up 46.8% compared to the same quarter last year. Adjusted EBITDA for Q4 2024 was $35.7 million, a significant increase from $14 million in the same period last year. The company executed nearly $28 million in share buybacks for the full year, demonstrating confidence in long-term growth prospects. There was a $3.4 million charge related to a loss of inventory in transit, impacting cost of sales. The company is facing potential impacts from tariffs, which could affect future results. The gaming accessories market in the US was down significantly in January, affecting Q1 2025 expectations. Operating expenses were 21% of revenue, indicating room for further cost management improvements. The company does not hedge against currency fluctuations, which could pose a risk given the dynamic FX environment. Q: Chris, could you possibly put any kind of a number around what you expect the impact to be from tariffs? Is it simply a reduction in sales, an increase in cost, or both? A: Cristopher Keirn, CEO: It's a great question. If tariffs were removed, it would benefit us by several million in EBITDA. However, the situation is dynamic, and while we are prepared for potential new tariffs, they could impact our results. Q: Mark, regarding the margin, if we add back the inventory charge, does that imply that gross margin in the quarter would have been 39%? Is that a level we should expect going forward? A: Mark Weinswig, CFO: We are now focusing on mid to high 30s in terms of gross margin percentage for the full year. Our gross margin is reflective of revenues, and we feel good about the potential margin opportunity. Q: Regarding buybacks, should we view the current price as attractive, and would you consider a significant buyback event? A: Cristopher Keirn, CEO: We are committed to returning capital to shareholders and will be opportunistic. We believe the stock is extremely attractive at its current price, which factors into our decisions. Q: Can you touch on your revenue outlook by product category and geographical regions? A: Cristopher Keirn, CEO: We anticipate a softer first half of 2025 but expect a strong back half due to the Nintendo Switch 2 and GTA 6 launches. More than a third of our revenues will come from non-headset categories, with about 70% of revenue domestically, 25% in the UK and Europe, and single digits in Asia. Q: On the adjusted EBITDA guidance, how does the operating expense line compare seasonally to the prior year? A: Cristopher Keirn, CEO: We expect continued leverage on operating expenses due to synergies from the PDP acquisition. This year, you'll see improved leverage as we realize the full $13 million in synergies, with a lower run rate level than in the past. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
