secwatch.observer — SEC 8-K summary
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Issuer:     Turtle Beach Corp (TBCH)
CIK:        0001493761
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000950170-24-094043
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Turtle Beach Reports Q2 2024 Revenue Up 59% to $76.5M, Raises Full-Year Adjusted EBITDA Guidance
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- Net revenue $76.5M, up 59% YoY; organic growth 15% excluding PDP acquisition.
- Net loss improved to $(7.5)M from $(15.9)M; Adjusted EBITDA $3.0M vs loss of $(5.7)M.
- Raised full-year 2024 Adjusted EBITDA guidance to $53-56M, up from $51-54M prior.
- Repurchased ~952,000 shares for $15.2M in Q2; $31.4M remaining under buyback program.
- Board approved amendments for formulaic share repurchase plan (Rule 10b5-1) to continue buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493761/000095017024094043/0000950170-24-094043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493761/000095017024094043/hear-20240808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-094043

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