Highest-materiality recent filing
Mark Weinswig steps down as CFO effective June 15, 2026; search for permanent successor underway.
Turtle Beach Q1 net loss $15.2M, generates $29.4M cash from ops; reaffirms FY guidance
Q1 net revenue $42.2M, gross margin 26.8%, net loss ($15.2M), adjusted EBITDA ($6.5M).
Turtle Beach closes $85M term loan and $80M ABL; $56M buyback capacity remains
New $85M term loan from Blue Torch Capital, SOFR + 6.75%-7.50%, matures April 2029.
Turtle Beach expands board, names William Wyatt Chairman under Donerail deal
Board expands from 6 to 8 members; Donerail Group to select two new independent directors.
Turtle Beach Q4 net income $17.6M; FY2026 revenue guidance $335-355M
Q4 net revenue $118.8M; gross margin 40.1% (+310 bps YoY); net income $17.6M; adjusted EBITDA $28.1M.
Turtle Beach Q3 net rev $80.5M, net income $1.7M, adj EBITDA $11.0M, reiterates FY guidance
Net revenue $80.5M; gross margin 37.4% (+120 bps YoY); net income $1.7M; adjusted EBITDA $11.0M.
Turtle Beach repurchases $10M in shares; Donerail acquires additional $10M stake
Company repurchased 694,926 shares at $14.41/share from Diversis Capital for ~$10M, to be held in treasury.
Turtle Beach Q2 revenue $56.8M, gross margin up 200bps; refinances debt, $75M buyback
Net revenue $56.8M; gross margin 32.2% (+200bps YoY); net loss $2.9M vs $7.5M prior year.
Turtle Beach enters $150M credit facility ($60M term loan + $90M revolver), matures Aug 2028
New $150M credit facility includes a $60M term loan and a $90M revolving credit facility, maturing August 1, 2028.
Turtle Beach secures waiver for up to $5M in share repurchases, pays down $5M debt
Amendment No. 2 allows share repurchases up to $5 million before June 30, 2025.
Turtle Beach adopts one-year stockholder rights plan with 10% trigger, record date June 23, 2025
Rights plan expires June 9, 2026; not adopted in response to any specific takeover bid.
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).
Q4 net revenue record $146.1M (+47% YoY); net income $20.1M ($0.95 diluted EPS) vs $8.6M ($0.47) prior year.
Turtle Beach Q3 net income $3.4M, revenue +60% YoY; raises FY EBITDA guidance
Net revenue $94.4M, up 60% YoY; net income $3.4M ($0.16 EPS) vs net loss ($3.6M) prior year.
Turtle Beach Q2 revenue $76.5M (+59% YoY); raises FY 2024 Adj. EBITDA guidance to $53-56M
Net revenue $76.5M, up 59% YoY; organic growth 15% excluding PDP acquisition.
Turtle Beach Reports Q2 2024 Revenue Up 59% to $76.5M, Raises Full-Year Adjusted EBITDA Guidance
Net revenue $76.5M, up 59% YoY; organic growth 15% excluding PDP acquisition.
Turtle Beach acquisition target PDP reports $91.2M revenue, $7.0M net loss for FY2023
PDP net sales $91.2M in FY2023, down 17% from $110.2M in FY2022; net loss widened to $7.0M from $3.7M.
Net revenue $55.8M, +8.6% YoY; gross margin expanded 430 bps due to lower freight, promo spend, returns.
Turtle Beach acquires PDP for $118M; announces $30M tender offer at $13.75-$15.00/share
Acquired PDP, a gaming accessories leader, for $118M enterprise value (3.45M shares + ~$79.9M cash).
Turtle Beach Q4 profit $8.6M, rev down 1.3%; FY revenue up 7.5% to $258M; announces PDP acquisition
Q4 2023 net revenue $99.5M (-1.3% YoY); net income $8.6M ($0.47 diluted EPS) vs. net loss $23.2M ($1.40 loss per share).
Turtle Beach Q3 revenue up 15% YoY to $59.2M; raises FY2023 adjusted EBITDA guidance to $8-10M
Net loss of $3.6M ($0.21 diluted loss) vs $12.0M loss a year ago; adjusted EBITDA improved to $1.0M from -$6.9M.
Turtle Beach Q2 revenue up 16% to $48.0M, net loss narrows to $15.9M; maintains full-year guidance
Net revenue $48.0M (+16% YoY); gross margin improved to 24.7% from 19.1%.
Turtle Beach appoints Cris Keirn as Interim CEO effective July 1, 2023
Cris Keirn, SVP Global Sales since 2016, appointed Interim CEO, replacing Juergen Stark who served since 2012.
Turtle Beach appoints Donerail founder Wyatt to board, forms committee for strategic review
William Wyatt, founder and CIO of The Donerail Group, appointed to Turtle Beach board effective May 8, 2023.
Turtle Beach Q1 revenue up 10% to $51.4M, narrows adjusted loss; raises FY outlook
Net revenue $51.4M (+10% YoY); net loss $6.7M ($0.40 loss per diluted share) vs $6.5M loss a year ago.
CEO Juergen Stark to depart; leaves Chairman role immediately, employment ends June 30
Stark resigns as Chairman effective May 1, 2023; CEO and President role ends June 30, 2023.
Turtle Beach counters Immersion's board proposal, offers one seat; proxy fight looms
Immersion (IMMR) owns 7% of HEAR and proposed reducing board to 6 with 2 Immersion designees.
Turtle Beach adopts shareholder rights plan (poison pill) with 12% trigger
Board approved Rights Agreement on March 27, 2023; dividend of one right per common share declared.
Turtle Beach reports Q4 loss $1.40/share, FY rev $240.2M; guides ~10% growth in FY2023
Q4 net revenue $100.9M, down 7.8% YoY; net loss $23.2M ($1.40 diluted) vs net income $4.5M a year ago.
On May 16, 2026, Mark Weinswig informed the Company of his intent to resign as Chief Financial Officer of the Company, effective as of June 15, 2026.
Effective as of June 15, 2026, Andrew Clipsham, the Company’s Senior Finance Director, EMEA & ANZ, will serve as the Company’s Interim Chief Financial Officer and as the Company’s principal financial officer and principal accounting officer.
On August 8, 2024, the Company announced that John Hanson informed the Company of his intent to retire as Chief Financial Officer and Treasurer of the Company.
to fill the vacancy created by Ms. Michelle D. Wilson electing not to stand for reelection.
appointed Elizabeth Berlacher Bush as a director of the Company, effective July 24, 2024
On April 16, 2024, Michelle D. Wilson informed Turtle Beach Corporation (the “Company”) that she will not stand for re-election to the Board of Directors of the Company (the “Board”) at the Company’s 2024 Annual Meeting of Stockholders (the “Annual Meeting”).
the Board appointed Cris Keirn, the Company’s Interim Chief Executive Officer and principal executive officer, to serve as the Company’s Chief Executive Officer and as a director on the Board
the Board increased the size of the Board from eight (8) to nine (9) members and appointed David Muscatel to serve as a director on the Board, effective immediately
Turtle Beach Corporation (the “Company”) and Juergen Stark, Chief Executive Officer and President of the Company, agreed that Mr. Stark would not continue in his role as Chief Executive Officer and President of the Company effective as of the close of business on June 30, 2023.
On June 15, 2023, the Board of Directors (the “Board”) of Turtle Beach Corporation (the “Company”) appointed Cris Keirn, the Company’s Senior Vice-President, Global Sales, to serve as the Company’s Interim Chief Executive Officer and as its principal executive officer, both effective July 1, 2023.
On May 12, 2023, Brian Stech informed Turtle Beach Corporation (the “Company”) that he will not stand for re-election to the Board of Directors of the Company (the “Board”) at the Company’s 2023 Annual Meeting of Shareholders (the “Annual Meeting”).
On May 8, 2023, the Board of Directors (the “Board”) of Turtle Beach Corporation (the “Company”) increased the size of the Board from nine (9) to ten (10) members and appointed William Wyatt to the Board.
Max materiality 0.90 · Median 0.62 · Most common event earnings