---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-148319"
form_type: "8-K/A"
ticker: "TBCH"
cik: "0001493761"
company_name: "Turtle Beach Corp"
filed_at: "2024-05-29T23:59:59+00:00"
generated_at: "2026-06-01T07:39:52.511199+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Turtle Beach acquisition target PDP reports $91.2M revenue, $7.0M net loss for FY2023

## Summary
- PDP net sales $91.2M in FY2023, down 17% from $110.2M in FY2022; net loss widened to $7.0M from $3.7M.
- Operating loss of $5.5M in FY2023 vs operating income of $2.4M in FY2022; gross margin fell to 21.7% from 24.9%.
- As of March 31, 2023, PDP had $1.25M member's equity, $23.5M revolving loan, and $6.2M current portion of long-term debt.
- Inventory reserve more than doubled to $3.4M, including $2.4M for obsolete component inventory.

## SEC filing metadata
- accession: 0001193125-24-148319
- form_type: 8-K/A
- ticker: TBCH
- cik: 0001493761
- company_name: Turtle Beach Corp
- filed_at: 2024-05-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1493761/000119312524148319/0001193125-24-148319-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1493761/000119312524148319/d760902d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-148319
- JSON: https://secwatch.observer/filing/0001193125-24-148319.json
- Plain text: https://secwatch.observer/filing/0001193125-24-148319.txt

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