secwatch.observer — SEC 8-K summary
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Issuer:     Turtle Beach Corp (TBCH)
CIK:        0001493761
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-123418
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Turtle Beach Q3 net income $3.4M, revenue +60% YoY; raises FY EBITDA guidance
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- Net revenue $94.4M, up 60% YoY; net income $3.4M ($0.16 EPS) vs net loss ($3.6M) prior year.
- Adjusted EBITDA $16.3M, up from $1.0M; gross margin 36.2%, +630 bps YoY.
- Organic revenue (ex-PDP) grew ~15% YoY; PDP integration exceeding expectations with >$13M synergies.
- FY 2024 revenue guidance $370-380M (43-47% growth); Adjusted EBITDA guidance raised to $55-58M.
- Repurchased $10.1M in Q3 ($25.3M YTD) with $21.3M remaining under buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493761/000095017024123418/0000950170-24-123418-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493761/000095017024123418/hear-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-123418

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer