---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-007584"
form_type: "8-K"
ticker: "TBCH"
cik: "0001493761"
company_name: "Turtle Beach Corp"
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:22:50.458315+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Turtle Beach reports Q4 loss $1.40/share, FY rev $240.2M; guides ~10% growth in FY2023

## Summary
- Q4 net revenue $100.9M, down 7.8% YoY; net loss $23.2M ($1.40 diluted) vs net income $4.5M a year ago.
- Full-year 2022 net revenue $240.2M, down from record $366.4M; net loss $59.5M ($3.62 diluted) vs net income $17.7M.
- Q4 gross margin 19.8% vs 32.5% a year ago, impacted by promotional pricing, $4.5M inventory charge, and high freight costs.
- FY2022 adjusted EBITDA loss $18.7M vs positive $36.6M in 2021; recurring operating expenses down ~13% YoY.
- Management expects FY2023 net revenue to increase ~10%; cites recovering gaming market and return to positive EBITDA.

## SEC filing metadata
- accession: 0000950170-23-007584
- form_type: 8-K
- ticker: TBCH
- cik: 0001493761
- company_name: Turtle Beach Corp
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1493761/000095017023007584/0000950170-23-007584-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1493761/000095017023007584/hear-20230313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-007584
- JSON: https://secwatch.observer/filing/0000950170-23-007584.json
- Plain text: https://secwatch.observer/filing/0000950170-23-007584.txt

## Key facts
- Earnings Releases
  Turtle Beach Corp updated its the fourth quarter and full year ended December 31, 2022 guidance (reaffirmed).
  - Period: the fourth quarter and full year ended December 31, 2022
  - Guidance: reaffirmed
  - Result: reported results
  source text: Item 2.02 - Results of Operations and Financial Condition. On March 13, 2023, Turtle Beach Corporation (the "Company") issued a press release announcing its financial results for its year ended December 31, 2022. A copy of that press release and the attached financial schedules are attached as Exhibit 99.1 to this report and incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493761/000095017023007584/0000950170-23-007584-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.