secwatch.observer — SEC 8-K summary
======================================

Issuer:     Turtle Beach Corp (TBCH)
CIK:        0001493761
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000950170-25-067080
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Turtle Beach Q1 revenue up 14% to $63.9M; authorizes $75M buyback; outlook revised
--------------------------------------------------------------------------------

- Net revenue $63.9M, +14% YoY; gross margin 36.6% (+470 bps YoY).
- Net loss $(0.7)M ($(0.03)/diluted) vs net income $0.2M prior year.
- Adjusted EBITDA $4.1M, up from $1.4M; operating cash flow $40.5M.
- Authorized new $75M stock repurchase program through May 2027.
- FY2025 outlook: net revenue $340-360M, Adjusted EBITDA $47-53M; shifting production from China.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493761/000095017025067080/0000950170-25-067080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493761/000095017025067080/tbch-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-067080

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