{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-030793","form_type":"8-K","ticker":"TBCH","cik":"0001493761","company_name":"Turtle Beach Corp","filed_at":"2024-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.326165+00:00","generated_at":"2026-06-04T22:09:05.068915+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"Turtle Beach Q4 profit $8.6M, rev down 1.3%; FY revenue up 7.5% to $258M; announces PDP acquisition","bullets":["Q4 2023 net revenue $99.5M (-1.3% YoY); net income $8.6M ($0.47 diluted EPS) vs. net loss $23.2M ($1.40 loss per share).","Full-year 2023 net revenue $258.1M (+7.5% YoY); net loss improved to $17.7M (-$1.03) from $59.5M (-$3.62) in 2022.","Adjusted EBITDA improved to $14.0M in Q4 vs. $1.0M; full-year $6.5M vs. -$29.9M. Gross margin expanded to 32.0% from 19.8%.","Management announced highly accretive acquisition of PDP, expected to diversify leadership and enhance scale. Non-headset revenue >40% in 2024.","Recurring operating expenses declined ~12.6% YoY in Q4; portfolio optimization and SKU rationalization benefits expected in 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-030793","json":"https://secwatch.observer/filing/0000950170-24-030793.json","markdown":"https://secwatch.observer/filing/0000950170-24-030793.md","text":"https://secwatch.observer/filing/0000950170-24-030793.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1493761/000095017024030793/0000950170-24-030793-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1493761/000095017024030793/hear-20240313.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T22:09:05.068915+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":"04d3a9376729ef34e0e1e90a83e15283c0c1a737","claim":"Turtle Beach Corp reported year ended December 31, 2023 results: revenue 258.1 million, net income -17.7 million, EPS -1.03.","evidence_excerpt":"Net revenue was $258.1 million, an increase of 7.5% compared to $240.2 million a year ago; • Net loss was $17.7 million, or $1.03 per diluted share, compared to $59.5 million, or $3.62 per diluted share, a year ago;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1493761/000095017024030793/0000950170-24-030793-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Revenue","value":"258.1 million"},{"label":"Net income","value":"-17.7 million"},{"label":"EPS","value":"-1.03"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cd4a2b89c934a51e15611b2564b5bf99a25c3b70","claim":"Turtle Beach Corp reported fourth quarter ended December 31, 2023 results: revenue 99.5 million, net income 8.6 million, EPS 0.47.","evidence_excerpt":"Net revenue was $99.5 million, a decrease of 1.3% compared to $100.9 million a year ago; • Net income was $8.6 million, or $0.47 per diluted share, compared to net loss of $23.2 million, or $1.40 per diluted share, a year ago;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1493761/000095017024030793/0000950170-24-030793-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"99.5 million"},{"label":"Net income","value":"8.6 million"},{"label":"EPS","value":"0.47"},{"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"}