Turtle Beach Corporation

Turtle Beach Announces Update on Its Return of Capital Strategy to Shareholders

Retrieved on: 
Tuesday, April 9, 2024
Entertainment, Consumer Electronics, Technology, Audio, Video, Electronic Games, Hardware, Turtle Beach Corporation, Acquisition, PDP, Tender offer, Tender, Rock Band 4, Share repurchase, Management

In its continued effort to evaluate capital allocation priorities, the Board has determined that the best course of action to continue to return capital to shareholders is to increase the Company’s share repurchase program by $30 million.

Key Points: 
  • In its continued effort to evaluate capital allocation priorities, the Board has determined that the best course of action to continue to return capital to shareholders is to increase the Company’s share repurchase program by $30 million.
  • On behalf of the Board, we look forward to meaningful value creation opportunities for the Company and its shareholders.
  • The amount and timing of specific repurchases are subject to market conditions, applicable legal requirements and other factors.
  • Turtle Beach intends to fund the share repurchases using cash from operations or short-term borrowings and may suspend or discontinue repurchases at any time.

PDP’s RIFFMASTER Shreds Through Pre-Orders

Retrieved on: 
Tuesday, March 26, 2024
Technology, Electronic Games, Women, Entertainment, Other Technology, Men, Hardware, Music, Consumer, Consumer Electronics, Product marketing, MSRP, Turtle Beach Corporation, Pickguard, Performance, PDP, Xbox, PlayStation, Multimedia, Xbox One, Video game

PDP began taking pre-orders for the RIFFMASTER late last week and rhythm-music gamers the world over were quick to reserve all available units.

Key Points: 
  • PDP began taking pre-orders for the RIFFMASTER late last week and rhythm-music gamers the world over were quick to reserve all available units.
  • Gamers looking to get their hands on the RIFFMASTER for Xbox/Windows PC or PlayStation can sign-up to be notified as soon as additional inventory becomes available.
  • The RIFFMASTER is the first guitar controller designed for a new game in nearly a decade and is scheduled to launch in April for $129.99 MSRP.
  • For full details on the RIFFMASTER, visit www.pdp.com , and be sure to check out the trailer below:
    Check out the RIFFMASTER in action here:

PDP’s RIFFMASTER Pre-orders Start Now!

Retrieved on: 
Thursday, March 21, 2024
Entertainment, Consumer Electronics, Technology, Audio, Video, Software, Electronic Games, Hardware, Product marketing, MSRP, Turtle Beach Corporation, Rock Band 4, Performance, PDP, Xbox, GameStop, PlayStation, Gamer, Multimedia, Xbox One, Video game

Fans who pre-order the RIFFMASTER at www.PDP.com can also secure their chance at winning the RIFFMASTER’s 500-piece, limited-edition pickguard gift with purchase.

Key Points: 
  • Fans who pre-order the RIFFMASTER at www.PDP.com can also secure their chance at winning the RIFFMASTER’s 500-piece, limited-edition pickguard gift with purchase.
  • View the full release here: https://www.businesswire.com/news/home/20240321466452/en/
    PDP’s RIFFMASTER Pre-Orders Start Now and Gamers Worldwide Can Prepare to Rock-On for the RIFFMASTER’s April Launch.
  • Every aspect of the RIFFMASTER design is informed by PDP’s rich heritage in rhythm-based gaming, including a nod to the past with backwards compatibility.
  • RIFFMASTER is compatible with Rock Band 4; with anticipated compatibility with Fortnite Festival as soon as Rock Band 4 guitars are supported.

PDP Launches Grand Prix Peach REMATCH GLOW Wireless Controller for Nintendo Switch

Retrieved on: 
Tuesday, March 19, 2024
Entertainment, Technology, Other Entertainment, General Entertainment, Electronic Games, Hardware, Princess, MSRP, Turtle Beach Corporation, Nintendo, Nintendo Switch Lite, Performance, PDP, Nintendo Switch, OLED, Multimedia, Showtime, Video game

Leading gaming accessory maker Turtle Beach Corporation (Nasdaq: HEAR), and Performance Designed Products LLC (PDP) today expanded their line of Nintendo®-licensed accessories with two new Peach-themed products, just in time for the Princess Peach: Showtime!

Key Points: 
  • Leading gaming accessory maker Turtle Beach Corporation (Nasdaq: HEAR), and Performance Designed Products LLC (PDP) today expanded their line of Nintendo®-licensed accessories with two new Peach-themed products, just in time for the Princess Peach: Showtime!
  • game release on March 22, 2024.
  • The Grand Prix Peach REMATCH GLOW Wireless Controller ($49.99 MSRP) and Grand Prix Peach Travel Case Plus GLOW ($19.99 MSRP) are both officially licensed by Nintendo and feature unique, glow-in-the-dark design.
  • View the full release here: https://www.businesswire.com/news/home/20240319941675/en/
    PDP Launches Grand Prix Peach Rematch Glow Wireless Controller For Nintendo Switch (Photo: Business Wire)
    Compatibility with Nintendo Switch™, Nintendo Switch Lite, and Nintendo Switch – OLED models

Turtle Beach Announces Fourth Quarter and Full Year 2023 Earnings Results

Retrieved on: 
Wednesday, March 13, 2024
Technology, Audio, Video, Hardware, Consumer Electronics, Tax, Growth, Turtle Beach Corporation, CFO, Webcast, Mouse, Acquisition, Security (finance), PDP, Adjustment, SKU, Depreciation, GAAP, Rationalization, Inventory, Video game

Turtle Beach Corporation (Nasdaq: HEAR) (“Turtle Beach” or the “Company”), a leading gaming accessories brand, today reported financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Turtle Beach Corporation (Nasdaq: HEAR) (“Turtle Beach” or the “Company”), a leading gaming accessories brand, today reported financial results for the fourth quarter and full year ended December 31, 2023.
  • “Turtle Beach’s resilience and adaptability have elevated our leadership position across gaming accessories,” said Cris Keirn, Chief Executive Officer, Turtle Beach Corporation.
  • Operating expenses in the fourth quarter of 2023 were $23.4 million compared to $28.1 million a year ago.
  • The weighted average diluted share count for the fourth quarter of 2023 was 18.4 million compared to 16.6 million in the year-ago quarter.

Turtle Beach Announces Transformational Acquisition of PDP and Intention to Launch Reverse Dutch Tender Auction

Retrieved on: 
Wednesday, March 13, 2024
Entertainment, Consumer Electronics, Technology, Audio, Video, Electronic Games, Hardware, Common stock, Senior, Tax, Growth, Turtle Beach Corporation, Webcast, Sale, Acquisition, Security (finance), Record, PDP, Adjustment, Tender offer, GAAP, Tender, Depreciation, Motorola, Dechert, Transaction, Jefferies Group, Hand, Engineering, Management

Bringing PDP’s leading gaming controller category to Turtle Beach will provide additional scale and create future development opportunities.

Key Points: 
  • Bringing PDP’s leading gaming controller category to Turtle Beach will provide additional scale and create future development opportunities.
  • Consideration for the Transaction consists of the issuance of 3.45 million shares of Turtle Beach's common stock and approximately $79.9 million in cash.
  • The acquisition of PDP adds significant financial benefits to Turtle Beach that, in conjunction with synergies realized, fundamentally transforms the financial profile of the Company.
  • Executive Management and the Board of Directors of Turtle Beach do not plan on participating in the tender offer.

PRISM MarketView Launches Emerging Consumer Products Index

Retrieved on: 
Tuesday, February 27, 2024
Marketing, Growth, Turtle Beach Corporation, Personal computer, Cosmetics, Nu Skin Enterprises, Coffee, Dietary supplement

NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- PRISM MarketView, a leading provider of unbiased market insight and company news, today announces the launch of its PRISM Emerging Consumer Products Index .

Key Points: 
  • NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- PRISM MarketView, a leading provider of unbiased market insight and company news, today announces the launch of its PRISM Emerging Consumer Products Index .
  • As technologies advance, new innovative products are continuously being developed by emerging companies.
  • In an inflationary market environment, consumer product companies are finding it harder to continue passing on price increases to be absorbed by the consumer which has resulted in a reduction in consumer spending.
  • The PRISM Consumer Products Index tracks small and micro-cap companies that are designing, developing, and marketing innovative consumer products in their respective sectors.

Turtle Beach Corporation to Report Fourth Quarter and Full Year 2023 Financial Results on Wednesday, March 13, 2024

Retrieved on: 
Wednesday, February 28, 2024
Entertainment, Consumer Electronics, Technology, Audio, Video, Electronic Games, Hardware, CFO, Turtle Beach Corporation, Webcast, SVP

Turtle Beach Corporation (Nasdaq: HEAR), a leading gaming headset and accessory brand, today announced it will report financial results for the fourth quarter and full year 2023 on Wednesday, March 13, 2024.

Key Points: 
  • Turtle Beach Corporation (Nasdaq: HEAR), a leading gaming headset and accessory brand, today announced it will report financial results for the fourth quarter and full year 2023 on Wednesday, March 13, 2024.
  • In conjunction with reporting fourth quarter and full year 2023 results, Turtle Beach will host a conference call at 5:00 p.m.
  • ET / 2:00 p.m. PT with the Company’s Interim CEO and SVP of Global Sales, Cris Keirn, and CFO, John Hanson.
  • A live webcast of the call will be available on the “Events & Presentations” page of the Company’s website at www.turtlebeachcorp.com .

Grab the Wheel & Floor It! Turtle Beach’s VelocityOne Race Is Now Available for Sim Racers on Xbox and Windows PC

Retrieved on: 
Tuesday, February 27, 2024
Entertainment, Consumer Electronics, Technology, Audio, Video, Electronic Games, Hardware, Sim racing, Dust, Brake, Tuner, Multimedia, SVP, Interim, Turtle Beach Corporation, Video game

Buckle-up, grab the wheel and floor it because best-selling gaming headset and accessory maker Turtle Beach Corporation (Nasdaq: HEAR), today announced its first-ever racing gaming simulation setup, the Turtle Beach® VelocityOne™ Race , is now available.

Key Points: 
  • Buckle-up, grab the wheel and floor it because best-selling gaming headset and accessory maker Turtle Beach Corporation (Nasdaq: HEAR), today announced its first-ever racing gaming simulation setup, the Turtle Beach® VelocityOne™ Race , is now available.
  • VelocityOne Race is available today for $649.99 MSRP at www.turtlebeach.com and participating retailers worldwide.
  • For full details on Turtle Beach’s VelocityOne Race universal wheel and pedal system, watch the debut video here .
  • For more information on VelocityOne Race and the latest Turtle Beach gaming accessories, visit www.turtlebeach.com and be sure to follow Turtle Beach on TikTok , Twitter , Instagram , Facebook and YouTube .

Become the Top Gun With All the Right Stuff – Turtle Beach’s Premium VelocityOne Flightdeck HOTAS Is Now Available

Retrieved on: 
Tuesday, February 13, 2024
Entertainment, Consumer Electronics, Communications, Technology, General Entertainment, Electronic Games, Public Relations, Investor Relations, Multimedia, SVP, IOS, HOTAS, Microsoft Windows, Interim, OLED, Aircraft, MSRP, Turtle Beach Corporation, RGB, Turtle, Video game

VelocityOne Flightdeck is Turtle Beach's premium combat HOTAS (Hands-On Throttle And Stick) flight simulation control system.

Key Points: 
  • VelocityOne Flightdeck is Turtle Beach's premium combat HOTAS (Hands-On Throttle And Stick) flight simulation control system.
  • View the full release here: https://www.businesswire.com/news/home/20240213887206/en/
    Become the Top Gun With All The Right Stuff – Turtle Beach’s Premium VelocityOne Flightdeck HOTAS is Now Available (Graphic: Business Wire)
    “Whether you’re flying in the skies or stratosphere, VelocityOne Flightdeck delivers an unmatched contemporary flight simulation experience,” said Cris Keirn, Interim CEO & SVP of Global Sales, Turtle Beach Corporation.
  • “We’re excited to continue expanding our best-selling and award-winning lineup with the new VelocityOne Flightdeck HOTAS.”
    Expertly designed by the same team behind Turtle Beach’s best-in-class VelocityOne Flight, VelocityOne Rudder, and VelocityOne Flightstick, the all-new VelocityOne Flightdeck controls mirror those of today’s state-of-the-art fighter jets and advanced spacecraft.
  • For full details and to order Turtle Beach’s all-new VelocityOne Flightdeck premium simulation HOTAS, visit www.turtlebeach.com/pages/velocity-one-flight-deck .