---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-054548"
form_type: "8-K"
ticker: "TBCH"
cik: "0001493761"
company_name: "Turtle Beach Corp"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T17:43:36.559896+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Turtle Beach Q1 2024: Revenue $55.8M (+8.6% YoY), net income $0.01 EPS vs loss $0.40; Adj EBITDA positive $1.4M

## Summary
- Net revenue $55.8M, +8.6% YoY; gross margin expanded 430 bps due to lower freight, promo spend, returns.
- Net income $0.2M ($0.01 diluted EPS) vs net loss $6.7M ($0.40 loss) a year ago.
- Adjusted EBITDA improved to $1.4M from -$2.8M loss in prior year.
- Operating expenses $23.5M including $5.0M acquisition-related costs; cash-based recurring opex down ~6% YoY.
- CEO cites solid product demand, PDP integration, cost management driving profitability.

## SEC filing metadata
- accession: 0000950170-24-054548
- form_type: 8-K
- ticker: TBCH
- cik: 0001493761
- company_name: Turtle Beach Corp
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1493761/000095017024054548/0000950170-24-054548-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1493761/000095017024054548/hear-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-054548
- JSON: https://secwatch.observer/filing/0000950170-24-054548.json
- Plain text: https://secwatch.observer/filing/0000950170-24-054548.txt

## Key facts
- Earnings Releases
  Turtle Beach Corp reported first quarter ended March 31, 2024 results: revenue $55.8 million, net income $0.2 million, or $0.01 per diluted share, EPS $0.01 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $55.8 million
  - Net income: $0.2 million, or $0.01 per diluted share
  - EPS: $0.01 per diluted share
  - Result: reported results
  source text: a leading gaming accessories brand, today reported financial results for the first quarter ended March 31, 2024. First Quarter Summary vs Year-Ago Quarter: • Net revenue was $55.8 million, an increase of 8.6% compared to $51.4 million a year ago; • Net income was $0.2 million, or $0.01 per diluted share, compared to net loss of $6.7 million, or $0.40 per diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493761/000095017024054548/0000950170-24-054548-index.htm

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