{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-021930","form_type":"8-K","ticker":"TBCH","cik":"0001493761","company_name":"Turtle Beach Corp","filed_at":"2022-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.840259+00:00","generated_at":"2026-06-22T08:50:09.265014+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Turtle Beach Q3 net revenue $51.3M, down 40% YoY; net loss $12M","bullets":["Net revenue $51.3M vs $85.3M YoY; net loss $(12.0)M ($0.73 diluted loss) vs net income $2.6M ($0.14 EPS) YoY.","Adjusted EBITDA loss $(6.9)M vs positive $6.7M YoY; gross margin 14.1% (24.5% ex $5.3M inventory provision).","Operating expenses down 25% YoY from proactive cost management; recurring OPEX down 16%.","CEO expects return to revenue growth and positive EBITDA in 2023 as consumer and freight headwinds subside.","Non-console headset products expected to contribute ~30% of Q4 revenue as diversification continues."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-021930","json":"https://secwatch.observer/filing/0000950170-22-021930.json","markdown":"https://secwatch.observer/filing/0000950170-22-021930.md","text":"https://secwatch.observer/filing/0000950170-22-021930.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1493761/000095017022021930/0000950170-22-021930-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1493761/000095017022021930/hear-20221103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T08:50:09.265014+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"db4716019c68016743b96a22ef08e7481385f55d","claim":"Turtle Beach Corp reported the third quarter ended September 30, 2022 results: revenue $51.3 million, net income $(12.0) million, or $(0.73) per diluted share.","evidence_excerpt":"Third Quarter Summary vs Year-Ago Period: • Third quarter net revenue was $51.3 million, compared to $85.3 million a year ago, where the Company reported its second-highest third quarter; • Third quarter net loss was $(12.0) million, or $(0.73) per diluted share, compared to net income of $2.6 million, or $0.14 per diluted share, a year ago; • Third quarter adjusted EBITDA loss was $(6.9) million compared to adjusted EBITDA of $6.7 million a year ago, including a $(2.3) million impact from foreign exchange; and • Third quarter recurring operating expenses were down 16% from proactive expense management the Company initiated earlier in the year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1493761/000095017022021930/0000950170-22-021930-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2022"},{"label":"Revenue","value":"$51.3 million"},{"label":"Net income","value":"$(12.0) million, or $(0.73) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}