secwatch.observer — SEC 8-K summary
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Issuer:     Turtle Beach Corp (TBCH)
CIK:        0001493761
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001193125-26-211979
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Turtle Beach Q1 net loss $15.2M, generates $29.4M cash from ops; reaffirms FY guidance
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- Q1 net revenue $42.2M, gross margin 26.8%, net loss ($15.2M), adjusted EBITDA ($6.5M).
- Operating cash flow $29.4M; net debt $41.3M after paying off $53.6M revolver to zero.
- Reaffirmed FY2026 guidance: net revenue $335-355M (5-11% YoY growth), adjusted EBITDA $44-48M.
- Refinanced debt on May 4: new $80M ABL (BofA) and $85M term loan (Blue Torch), replacing prior $150M facility.
- Share repurchase program has $56M remaining under $75M authorization; $50M repurchased since 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493761/000119312526211979/0001193125-26-211979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493761/000119312526211979/tbch-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-211979

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