Latest news with #TurtleBeach
Tom's Guide
a day ago
- Entertainment
- Tom's Guide
I've finally found a PS5 controller that's better than the DualSense — and no, it's not the DualSense Edge
The PS5 Slim is my favorite console. The pride and joy of my living room. A piece of tech I use nearly every day. Something that has brought me hours and hours of happiness. Granted, I was a little late to the next-gen console party as I only bought my PS5 Slim at the end of 2023 (I clung on to my PS4 until the very end), but it's some of the best money I've ever spent. Whether you're on a budget or are an eSports pro in dire need of a gamepad that will give you a competitive edge, we've ranked the best PC game controllers! Or if you like gaming on the go, check out our guide to the best mobile controllers. I've spent hundreds of hours playing my favorite RPGs, such as Clair Obscur: Expedition 33, Baldur's Gate 3 and Assassin's Creed Shadows. But what good is a console without a great controller? I love the standard DualSense as it has rarely given me much to complain about, and I've often thought of grabbing a DualSense Edge. First-party controllers aren't everything, though, as I've found after testing the new Turtle Beach Victrix Pro BFG Reloaded. Now I ask myself, "Why would you get the DualSense Edge if you can just get the new and improved Victrix?" The Turtle Beach Victrix Pro BFG Reloaded improves on its predecessor by introducing Hall Effect triggers and thumbsticks. My first impressions of it are solid as the controller's chunky grips make it comfortable to use, and it comes with a swappable Fightpad module, two alternate d-pads, two swappable thumbsticks, and a pair of octagonal thumbstick gates. It is a formidable alternative to the DualSense Edge. I've spent a few hours with the Victrix Pro BFG Reloaded and I'll be spending more before I write up my full review, but my first impressions are highly positive. The controller improves on its predecessor by adding Hall Effect thumbsticks and triggers, and with swappable modules and sticks, it has quickly become my go-to gamepad. If you're still wondering whether you should get the DualSense Edge, I'm here to throw a spanner in the works. Here are all the reasons why I think you should get the Victrix Pro BFG Reloaded instead. Hall Effect and TMR are all the rage today in the computing and gaming worlds. This technology basically makes controllers (and keyboards) more responsive, enabling pinpoint precision, and more durable as it negates the possibility of stick drift (we all hate stick drift, right?). Turtle Beach is no stranger to adding this tech to its controllers, and the Victrix Pro BFG Reloaded is no different. The Victrix Pro BFG Reloaded improves on its predecessor — the PDP Victrix Pro BFG — by introducing Hall Effect triggers and thumbsticks, designed to give you a competitive edge. I used the controller to play a bit of Clair Obscur: Expedition 33 (can you tell I'm a little obsessed?) and F1 22, and I noticed a big difference in my performance. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. You see, the Victrix Pro BFG Reloaded's triggers have switches that can be toggled to one of five positions. For instance, you can enable Hair Trigger which turns the mechanism into a short, clicky press, or you can use the highest setting which requires you to push the trigger all the way down to activate — like on the DualSense. In F1 22, I settled for a medium press to switch gears as I didn't want my fingers to get too tired while turning tight corners in Monaco. In Expedition 33, I used Hair Trigger so that I could simply tap R2 to toggle Gradient Counter — after all, the key to winning battles in the game is parrying and countering on time. There are also four back buttons on the controller which can be customized via companion software — or you can disable them so that you don't accidentally hit them while in the heat of battle. They give the gamepad an ergonomic advantage as you can personalize them to suit your playstyle. I won't lie, using my DualSense after the Victrix Pro BFG Reloaded felt boring and fatiguing! What sets the Turtle Beach Victrix Pro BFG Reloaded apart from the DualSense Edge is the fact that it's highly customizable — and I'm not talking about illegally modding it which voids the warranty. Full disclosure: this is the first time I've "modded" a controller — and it couldn't have been easier. In the included case you'll find everything you need to swap the Victrix Pro BFG Reloaded's parts. There's a total of 11 interchangeable components: a six-button fightpad module with Kailh microswitches, a reversible D-pad and thumbstick left module, a swappable button and thumbstick right module, swappable thumbsticks and a pair of octagonal stick gates. Again, each offers a different playstyle so it's worth experimenting to find the right fit for you. To swap the parts, you need to use the included screwdriver to unscrew the bolts and then pop your new part in. Easy-as-pie, really. It can be done in under two minutes. I'm not big into fighting games but I gave the fightpad module a spin by playing Mortal Kombat 11. Having six face buttons made quick work of most of the enemies I fought. Because all the buttons are responsive and don't take long to register commands, button mashing was a walk in the park. I've realized now that for fighting games, I much prefer an array of face buttons over triggers and shoulder buttons. Well, this one is subjective. Beauty is in the eye of the beholder, as they say. Me? I love how the DualSense and DualSense Edge controllers look. Both look futuristic and sleek, and the rounded and contoured shape provides a natural fit in your hands. I'm a big fan of the two-tone color choice and translucent buttons too. But I also really like how the Turtle Beach Victrix Pro BFG Reloaded looks. It's available in either white or black, and both models sport subtle purple RGB lighting. To be honest, the PlayStation model feels like it has adopted the Xbox first-party controller's chunkier grips — and I'm not complaining. It's the one thing I miss from the days I was an Xbox girlie (but don't come at me for saying PlayStation is superior, please). The Victrix Pro BFG Reloaded weighs 9.3oz so it's slightly lighter than the DualSense (9.8oz) but it never feels out of place in my hands, and that's all thanks to the grips with their textured surface providing a sturdy hold. It's the perfect second controller — or for me, my new primary controller (Player One gets priority, them's the rules). As is the nature of my job, I'll be thoroughly testing the Turtle Beach Victrix Pro BFG Reloaded and will cover my extensive findings in my full review, so keep an eye out for it. But as I said up top, the controller has made an outstanding first impression on me. It looks great and is ergonomic, and its got the latest Hall Effect tech to back up its gaming prowess. I can't wait to play more of my favorite games to try out how the interchangeable parts behave and whether they help improve my gameplay. The Turtle Beach Victrix Pro BFG Reloaded is now available to pre-order for $209 in the U.S. with shipping expected in late-September, or £179 in the U.K. with shipping expected in late-August.
Yahoo
2 days ago
- Business
- Yahoo
Turtle Beach Corporation, Together With The Donerail Group, Announces $20 Million Share Repurchase From Shareholder
SAN DIEGO, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: TBCH, the 'Company'), a leading gaming accessories brand, today announced it entered into a definitive agreement to repurchase 694,926 shares of common stock from Diversis Capital ('Diversis'), at the 30-day volume weighted average price of $14.41 per share, for a total of approximately $10 million. Simultaneous with the Company's repurchase, The Donerail Group ('Donerail'), an investment management firm, has acquired 693,962 shares of Turtle Beach common stock from Diversis at the same price per share. Following the completion of the transaction, Diversis will own approximately 10% of Turtle Beach's common stock. The remaining shares beneficially owned by Diversis will be subject to a new 90-day lock-up agreement. 'This transaction reflects our continued confidence in Turtle Beach's strategy and long-term value creation,' said Cris Keirn, CEO of Turtle Beach Corporation. 'We're pleased to have executed this repurchase directly, which aligns with our capital allocation priorities and underscores our belief in the strength of our business.' 'It has been a privilege to serve on Turtle Beach's Board of Directors and work closely with management over the past two years. The Company's transformation over that period has been significant,' said Will Wyatt, Managing Partner of The Donerail Group and Turtle Beach board member. 'We are excited to increase our investment in the Company as the Board drives to create value for all shareholders.' The repurchase was executed under the Company's existing $75 million authorization and in compliance with the Company's credit agreement and capital return framework. The recently completed refinancing of Turtle Beach's debt facilities provided the flexibility to execute this transaction and represents the Company's commitment of utilizing share repurchases to drive shareholder value. The transaction enhances shareholder alignment and ownership stability. About Turtle Beach Turtle Beach Corporation (the 'Company') ( is one of the world's leading gaming accessory providers. The Company's namesake Turtle Beach brand ( is known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories. Turtle Beach's top-rated, fan-favorite Victrix brand is well-respected and favored by pro gamers in esports and the fighting game community. Innovation, first-to-market features, a broad range of products for all types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach's shares are traded on the Nasdaq Exchange under the symbol: TBCH. Cautionary Note on Forward-Looking StatementsThis press release 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 events. Statements containing the words 'may,' 'could,' 'would,' 'should,' 'believe,' 'expect,' 'anticipate,' 'plan,' 'estimate,' 'target,' 'goal,' 'project,' 'intend' and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements are only predictions and are not guarantees of performance. Forward-looking statements in this press release include, but are not limited to, statements regarding potential share repurchases by the Company and the potential refinancing of the Company's outstanding loan balance. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Forward-looking statements are based on management's current beliefs and expectations, as well as assumptions made by, and information currently available to, management. While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to trade policies, including the imposition of tariffs on imported goods and other trade restrictions, the release and availability of successful game titles, macroeconomic conditions affecting the demand for our products, logistic and supply chain challenges and costs, dependence on the success and availability of third-parties to manufacture and manage the logistics of transporting and distributing our products, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the integration of any businesses we acquire and the integration of such businesses within our internal control over financial reporting and operations, our indebtedness, liquidity, and other factors discussed in our public filings, including the risk factors included in the Company's most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company's other periodic reports filed with the SEC. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the SEC, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise. CONTACTS Investors:TBCH@ 277-1285 Public Relations & Media:MacLean MarshallSr. Director, Global CommunicationsTurtle Beach Corporation(858) 914 - in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-08-2025
- Business
- Yahoo
Turtle Beach Corporation Announces Second Quarter 2025 Financial Results and Reiterates Full Year Guidance
–Delivered Net Revenue of $56.8 Million––Gross Margin Improved to 32.2%, an Increase of 200 Basis Points Compared to Prior Year––Net Loss of $2.9 Million Compared to Net Loss of $7.5 Million in Prior Year––Adjusted EBITDA of ($3.0) Million––Refinanced Existing Debt Facilities, Lowering Cost of Capital on Prior Term Loan by Approximately 450 Basis Points––Reiterating Full Year Revenue & Adjusted EBITDA Guidance– SAN DIEGO, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: TBCH, the 'Company'), a leading gaming accessories brand, today reported financial results for the quarter ended June 30, 2025 and reiterated full year guidance for revenue and Adjusted EBITDA. Second Quarter Highlights Net revenue was $56.8 million. Gross margin improved to 32.2%, an increase of 200 basis points compared to prior year. Net loss of $2.9 million compared to net loss of $7.5 million in prior year. Adjusted EBITDA of ($3.0) million. Refinanced the Company's existing term loan and credit facilities, providing enhanced financial flexibility with a lower cost of capital on the term loan of approximately 450 basis points. Repurchased $5.0 million of stock under the company's recently authorized $75 million stock repurchase program. Reiterating full year revenue and Adjusted EBITDA guidance ranges of $340 million - $360 million and $47 million - $53 million, respectively. "I'm pleased to report Turtle Beach's continued execution in a dynamic economic environment," said Cris Keirn, Chief Executive Officer, Turtle Beach Corporation. "Our second quarter results and confirmation of full year guidance reflects our organization's agility in navigating the current challenges in the macro environment and gaming accessories markets. The swift actions we have taken on our ongoing cost optimization initiatives and rapid adaptation of our production strategy have significantly mitigated tariff impacts on our business. Year-over-year gross margin for the quarter improved to over 32% despite an approximate 150 basis point negative impact from tariffs. With the improvements seen in markets for Q2 expected to continue into the second half of the year, we expect revenue and profitability to recover in support of our full year guidance." 'Additionally, our recent strategic refinancing has meaningfully improved our cost of capital with reduced interest rates and enhanced financial flexibility, enabling us to continue investing in long-term growth while enhancing shareholder value. Looking ahead, we're encouraged by the market improvements we're seeing in the gaming accessories space, and we remain well-positioned to capitalize on key industry growth drivers into 2026." Debt Refinancing Last week, Turtle Beach Corporation announced the refinancing of the Company's existing debt facilities. The new $150 million facility is comprised of a $90 million revolving credit facility and a $60 million term loan. This significant milestone strengthens the Company's capital structure through a lowered cost of capital and enhanced financial flexibility. Under the terms of the new loan agreement, Turtle Beach has lowered its cost of capital on the term loan by approximately 450 basis points relative to the prior term loan, resulting in an annual dollar cost savings of over $2.0 million. Additionally, this refinancing revises certain prior operational limitations, including on the Company's ability to repurchase shares. Share Repurchase Update For the second quarter ended June 30, 2025, Turtle Beach Corporation repurchased $5.0 million of common stock under the recently announced $75 million share repurchase agreement. With the Company's continued commitment to return capital to shareholders, and the enhanced flexibility to repurchase shares under the new debt agreements, Turtle Beach intends to remain opportunistic in share buybacks moving forward. Financial OutlookTurtle Beach Corporation is reiterating its financial outlook for the full year 2025. The Company currently expects net revenues in the range of $340 million and $360 million and Adjusted EBITDA in the range of $47 million and $53 million. Earnings Conference Call and Webcast DetailsTurtle Beach will host a conference call and audio webcast today, August 7, at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time), during which management will discuss second quarter results and provide commentary on business performance and its current outlook for 2025. A question-and-answer session will follow the prepared remarks. The conference call may be accessed by telephone by dialing 1-844-826-3035 or 1-412-317-5195. A live audio webcast of the earnings conference call may be accessed on Turtle Beach's website at along with a copy of this press release and an updated investor presentation. A telephone replay of the call will be available through August 21, 2025, and can be accessed by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 10200768. A replay of the webcast will also be available on the investor relations website for a limited time. About Turtle Beach CorporationTurtle Beach Corporation (the 'Company') ( is one of the world's leading gaming accessory providers. The Company's namesake Turtle Beach brand ( is known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories. Turtle Beach's top-rated, fan-favorite Victrix brand is well-respected and favored by pro gamers in esports and the fighting game community. Innovation, first-to-market features, a broad range of products for all types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach's shares are traded on the Nasdaq Exchange under the symbol: TBCH. Non-GAAP Financial MeasuresIn addition to its reported results, the Company has included in this earnings release certain financial metrics, including Adjusted EBITDA, that the Securities and Exchange Commission define as 'non-GAAP financial measures.' Management believes that such non-GAAP financial measures, when read in conjunction with the Company's reported results, can provide useful supplemental information for investors analyzing period-to-period comparisons of the Company's results. Non-GAAP financial measures are not an alternative to the Company's GAAP financial results and may not be calculated in the same manner as similar measures presented by other companies. 'Adjusted EBITDA' is defined by the Company as net income (loss) before interest, taxes, depreciation and amortization, stock-based compensation (non-cash), and certain non-recurring special items that we believe are not representative of core operations, as further described in Table 4. These non-GAAP financial measures are presented because management uses non-GAAP financial measures to evaluate the Company's operating performance, to perform financial planning, and to determine incentive compensation. Therefore, the Company believes that the presentation of non-GAAP financial measures provides useful supplementary information to, and facilitates additional analysis by, investors. The non-GAAP financial measures included herein exclude items that management does not believe reflect the Company's core operating performance because such items are inherently unusual, non-operating, unpredictable, non-recurring, or non-cash. See a reconciliation of GAAP results to Adjusted EBITDA included as Table 4 below for the three and six months ended June 30, 2025, and June 30, 2024. By providing full year 2025 Adjusted EBITDA guidance, the Company provided its expectation of a forward-looking non-GAAP financial measure. Information reconciling full year 2025 Adjusted EBITDA to its most directly comparable GAAP financial measure, net income (loss), is unavailable to the Company without unreasonable effort due to the variability, complexity, and lack of visibility with respect to certain reconciling items between Adjusted EBITDA and net income (loss), including other income (expense), provision for income taxes and stock-based compensation. These items cannot be reasonably and accurately predicted without the investment of undue time, cost and other resources and, accordingly, a reconciliation of the Company's Adjusted EBITDA outlook to its net income (loss) outlook for such periods is not provided. These reconciling items could be material to the Company's actual results for such periods. Cautionary Note on Forward-Looking StatementsThis press release 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 events. Statements containing the words 'may', 'could', 'would', 'should', 'believe', 'expect', 'anticipate', 'plan', 'estimate', 'target', 'goal', 'project', 'intend' and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements are only predictions and are not guarantees of performance. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Forward-looking statements are based on management's current beliefs and expectations, as well as assumptions made by, and information currently available to, management. While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to trade policies, including the imposition of tariffs on imported goods and other trade restrictions, the release and availability of successful game titles, macroeconomic conditions affecting the demand for our products, logistic and supply chain challenges and costs, dependence on the success and availability of third-parties to manufacture and manage the logistics of transporting and distributing our products, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the integration of any businesses we acquire and the integration of such businesses within our internal control over financial reporting and operations, our indebtedness, liquidity, and other factors discussed in our public filings, including the risk factors included in the Company's most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company's other periodic reports filed with the Securities and Exchange Commission. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise. CONTACTS Investors:tbch@ 277-1285 Public Relations & Media:MacLean MarshallSr. Director, Global CommunicationsTurtle Beach Corporation(858) Turtle Beach CorporationCondensed Consolidated Statements of Operations(in thousands, except per-share data)(unaudited) Table 1. Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2025 2024 2025 2024 Net revenue $ 56,777 $ 76,478 $ 120,678 $ 132,326 Cost of revenue 38,515 53,402 79,049 91,464 Gross profit 18,262 23,076 41,629 40,862 Operating expenses: Selling and marketing 12,731 13,741 25,184 22,754 Research and development 4,471 4,589 8,464 8,491 General and administrative 7,354 7,463 15,570 13,137 Insurance recovery (5,965 ) — (9,404 ) — Acquisition-related cost — 1,394 608 6,304 Total operating expenses 18,591 27,187 40,422 50,686 Operating loss (329 ) (4,111 ) 1,207 (9,824 ) Interest expense 2,049 2,220 4,055 2,370 Other expense, net 799 352 1,102 722 Loss before income tax (3,177 ) (6,683 ) (3,950 ) (12,916 ) Income tax (benefit) expense (246 ) 841 (355 ) (5,547 ) Net loss $ (2,931 ) $ (7,524 ) $ (3,595 ) $ (7,369 ) Net loss per share Basic $ (0.14 ) $ (0.35 ) $ (0.17 ) $ (0.37 ) Diluted $ (0.14 ) $ (0.35 ) $ (0.17 ) $ (0.37 ) Weighted average number of shares: Basic 20,667 21,252 20,587 19,795 Diluted 20,667 21,252 20,587 19,795 Turtle Beach CorporationCondensed Consolidated Balance Sheets(in thousands, except par value and share amounts) Table 2. June 30, December 31, 2025 2024 (unaudited) ASSETS Current Assets: Cash and cash equivalents $ 11,705 $ 12,995 Accounts receivable, net 36,429 93,118 Inventories 76,806 71,251 Prepaid expenses and other current assets 13,092 11,007 Total Current Assets 138,032 188,371 Property and equipment, net 4,781 5,844 Goodwill 50,428 52,942 Intangible assets, net 38,367 42,398 Other assets 8,573 9,306 Total Assets $ 240,181 $ 298,861 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Revolving credit facility $ 19,939 $ 49,412 Accounts payable 34,481 34,839 Other current liabilities 20,835 39,421 Total Current Liabilities 75,255 123,672 Debt, non-current 40,051 45,620 Income tax payable 1,372 1,362 Other liabilities 6,668 7,603 Total Liabilities 123,346 178,257 Commitments and Contingencies Stockholders' Equity Common stock 20 20 Additional paid-in capital 236,255 239,983 Accumulated deficit (121,689 ) (118,094 ) Accumulated other comprehensive loss 2,249 (1,305 ) Total Stockholders' Equity 116,835 120,604 Total Liabilities and Stockholders' Equity $ 240,181 $ 298,861 Turtle Beach CorporationCondensed Consolidated Statements of Cash Flows(in thousands)(unaudited) Table 3. Three Months Ended June 30, 2025 June 30, 2024 CASH FLOWS FROM OPERATING ACTIVITIES Net loss $ (3,595 ) $ (7,369 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 2,191 2,084 Fair value step-up adjustment to acquired inventory — 1,251 Amortization of intangible assets 4,033 2,698 Amortization of debt financing costs 553 348 Stock-based compensation 2,920 1,951 Deferred income taxes 231 (6,339 ) Change in sales returns reserve 2,962 (3,209 ) Provision for obsolete inventory 1,176 2,081 Changes in operating assets and liabilities, net of acquisitions: Accounts receivable 53,727 32,616 Inventories (6,731 ) (11,238 ) Accounts payable (990 ) 11,281 Prepaid expenses and other assets (681 ) (1,300 ) Income taxes payable (3,367 ) 192 Other liabilities (15,126 ) (10,434 ) Net cash provided by operating activities 37,303 14,613 CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property and equipment (496 ) (1,967 ) Acquisition of a business, net of cash acquired 2,515 (77,294 ) Net cash provided by (used for) investing activities 2,019 (79,261 ) CASH FLOWS FROM FINANCING ACTIVITIES Borrowings on revolving credit facilities 140,346 80,288 Repayment of revolving credit facilities (169,819 ) (56,259 ) Proceeds from term loan — 50,000 Repayment of term loan (5,625 ) (417 ) Proceeds from exercise of stock options 112 2,941 Repurchase of common stock (6,760 ) (15,207 ) Debt financing costs — (3,170 ) Net cash (used for) provided by financing activities (41,746 ) 58,176 Effect of exchange rate changes on cash and cash equivalents 1,134 208 Net decrease in cash and cash equivalents (1,290 ) (6,264 ) Cash and cash equivalents - beginning of period 12,995 18,726 Cash and cash equivalents - end of period $ 11,705 $ 12,462 Turtle Beach CorporationGAAP to Adjusted EBITDA Reconciliation(in thousands) Table 4. Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 (in thousands) Net loss $ (2,931 ) $ (7,524 ) $ (3,595 ) $ (7,369 ) Interest expense 2,049 2,220 4,055 2,370 Depreciation and amortization 3,098 3,306 6,224 4,782 Stock-based compensation 1,008 846 2,920 1,951 Income tax provision (1) (246 ) 841 (355 ) (5,547 ) Restructuring expense (2) 125 706 130 747 Acquisition-related cost (3) — 1,394 608 6,304 Fair value step-up adjustment to acquired inventory (4) — 1,251 — 1,251 Insurance recovery (5) (5,965 ) — (9,404 ) — Loss on inventory in transit and other costs (6) - — 605 — Litigation proceedings and other (7) (182 ) 4 (182 ) 4 Adjusted EBITDA $ (3,044 ) $ 3,044 $ 1,006 $ 4,493 (1) An income tax benefit of $7.0 million was recorded in the three months ended March 31, 2024 as a result of the reversal of a portion of the Company's deferred tax asset valuation allowance. (2) Restructuring expenses are costs in connection with reorganization of operations. These costs primarily include severance and related benefits. (3) Acquisition-related cost includes one-time costs we incurred in connection with acquisitions including warehouse lease impairment, professional fees such as legal and accounting along with other integration related costs. (4) Costs relate to the step up of acquired finished goods inventory to fair market value as required under purchase accounting. This step up in value over original cost is recorded as a charge to cost of revenue as such inventory is sold. (5) Insurance proceeds from claims related to a loss of inventory while in transit that occurred in the fourth quarter of 2024. (6) Certain professional fees related to recovery initiatives in connection with a loss of inventory while in transit that occurred in the fourth quarter of 2024. (7) Litigation and other primarily includes one-time legal and other professional fees associated with certain proceedings and in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
What's On
06-08-2025
- What's On
7 of the most beautiful waterfront bars & cafes in Northern Emirates
There's a quiet kind of beauty to the Northern Emirates, less skyscrapers, more coastal charm. From Ajman to Ras Al Khaimah, these spots feel like a quick escape from city life. You're not far, but it feels like you are, even if it's just for the day. Think calm views, slower pace, and that almost-holiday mood. If you're looking to switch into chill mode, here are seven beautiful spots in the Northern Emirates where coffee (or a cocktail) feels like a getaway with a view. Wave Café Restaurant Right on the water in Dibba Al Hisn, Wave is a calm, laid-back spot with sea views, clean interiors and a menu that goes from breakfast staples to big comfort dishes. The vibe is easy. From iced coffees to pastries, truffle pasta and a long breezy terrace that makes you want to stay longer than planned, it's relaxed, quietly elegant, and a perfect day-into-evening kind of spot. Location: Wave Café & Restaurant, Dibba Al-Hisn, Sharjah Times: Daily, 8am to 12am Contact: (0)54 487 9991 | @ Turtle Beach Restaurant and Bar, Dibba, Fujairah Tucked inside the Royal Beach Hotel & Resort, Turtle Beach offers relaxed outdoor dining with stunning views of Dibba Rock and the sea. The menu highlights fresh seafood and light dishes, perfectly matched with refreshing mocktails. The peaceful setting by the water is ideal for unwinding, while nearby you can also try jet skiing or kayaking if you're up for a bit of adventure. Location: Turtle Beach Restaurant and Bar, Al Faqeet Area, Dibba Al Fujairah Times: Daily, 12pm to 12am Contact: (0)9 244 9444 | @turtle_beach_restaurant_bar Karma Kafé by Buddha-Bar, Ras Al Khaimah Image: Buddha-Bar website Set on Al Marjan Island, Karma Kafé brings its signature moody glam to the shores of RAK. The space pairs modern interiors with panoramic waterfront views and a Pan-Asian menu that leans bold but refined. Go for sunset drinks, stay for the DJ sets, and soak in a atmosphere that's equal parts laid-back and luxe. Location: Karma Kafé RAK by Buddha-Bar, Al Marjan Island, Ras Al Khaimah Times: Daily, 12pm to 2am Contact: (0)7 209 0099 | Ramsa Lounge, Ras Al Khaimah With minimalist interiors and a menu focused on boutique teas, cold brews, and fresh pastries, Ramsa Lounge keeps things simple and solid. It's the kind of place you head to when you're after an easy catch-up, a solo coffee date, or something sweet to end the day because desserts go half price in the evenings at this spot. Location: Ramsa Lounge, InterContinental Ras Al Khaimah Resort & Spa, Al Rafaa, Mina Al Arab, Ras Al Khaimah Times: Daily, 8am to 10pm Contact: (0)7 202 6666 | @ramsalounge Palma Saray Restaurant & Café , Umm Al Quwain Set on the water in Umm Al Quwain, Palma Saray is a floating restaurant and café with views in every direction. It's a laid-back place for breakfast, lunch or dinner, with both indoor and outdoor seating and a relaxed atmosphere that suits all kinds of plans, from casual catchups to quiet evenings out. Location: Palma Saray Restaurant & Café, Al Khor 1, Umm Al Quwain Times: Daily, 9am to 2am Contact: (0)56 822 2823 | @palmasarayrestaurantandcafe ZanziBar, Ajman Image: Ajman Hotel website Perched just steps from the shore, ZanziBar is the spot for seafront dining with a view. Sunlit and breezy by day, by night it turns quietly romantic, think flickering candlelight and the gentle lapping of waves. The seafood menu runs from grilled lobster and calamari to fresh catch of the day, all paired with signature cocktails and mocktails. Location: ZanziBar, Ajman Hotel, Al Nakhil 2, Ajman Times: Daily, 12pm to 12am Contact: (0)6 714 5582 | @ajmanhotel Sahar Beach Bar, Ras Al Khaimah There's a laid-back beach rhythm at Sahar Beach Bar. Sand beneath your feet, a breeze in the air, and light bites alongside cocktails or cold drinks. Days are relaxed, evenings turn soft and mellow, and the setting naturally switches itself up with the sunset over the Arabian coast. Location: Sahar Beach Bar, InterContinental Mina Al Arab Resort & Spa, Ras Al Khaimah Times: Sun–Thu, 10am to 11pm; Fri–Sat, 10am to 12am Contact: (0)7 202 6666 | @saharbeachbar
Digital Trends
04-08-2025
- Digital Trends
This Turtle Beach gaming headset works with everything, and it's 31% off today
If you need help in choosing what to buy among all the gaming headset deals in the market, we recommend the Turtle Beach Stealth Pro. Its Xbox version, which is compatible with the PlayStation and PC, is available from Amazon with a 31% discount that drops its price from $330 all the way down to just $228. That's $101 in savings that you might miss if you delay your purchase to tomorrow, so you're going to want to finalize the transaction right now. Why you should buy the Turtle Beach Stealth Pro wireless gaming headset The Turtle Beach Stealth Pro wireless gaming headset received a score of 4 stars out of 5 stars in our review, where we described it as 'packed with useful features that justify a high price tag' — but this discount from Amazon negates that disadvantage. With amazing audio quality, adjustable active noise cancellation, and a 10-band EQ with up to 10 custom presets, you'll be able to appreciate the sounds of your favorite video games even more. The gaming headset also comes with two swappable battery packs that can last more than 12 hours each, and a durable but comfortable design. The Xbox version of the Turtle Beach Stealth Pro offers wide compatibility, as not only does it work with the Xbox Series X, Xbox Series S, and Xbox One, but also with the PlayStation 5, PlayStation 4, PC, Mac, and mobile devices. In fact, it holds a spot in our list of the best headsets for PC gaming as our pick if you want surround sound while playing video games. Whether you've invested in gaming PC deals, PlayStation deals, or Xbox deals, the Turtle Beach Stealth Pro is an excellent accessory that will make your gaming sessions much more enjoyable. It's also a very tempting purchase right now, as it's on sale at 31% off from Amazon for a lowered price of only $228 from $330. The $101 discount is pretty eye-catching, which probably means a lot of other gamers have their sights on the Turtle Beach Stealth Pro wireless gaming headset. Buy it now while stocks are still available!
