TBCH
Turtle Beach Corporation14.30
-0.36-2.46%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
283.23MP/E (TTM)
16.07Basic EPS (TTM)
0.89Dividend Yield
0%Recent Filings
8-K
Director resigns amicably
Turtle Beach Corporation director David Muscatel announced his resignation effective September 30, 2025, with no disagreements over company operations, policies, or practices. This smooth exit avoids boardroom drama. Yet it leaves a vacancy on the board, potentially prompting a swift replacement search.
8-K
Turtle Beach repurchases shares
Turtle Beach Corporation agreed on August 14, 2025, to repurchase 694,926 shares of its common stock from DC VGA LLC at $14.41 per share, totaling $10,013,883.66, with closing set for August 21, 2025; simultaneously, Donerail, affiliated with board member William Wyatt, will buy 693,962 shares for $9,999,992.42 at the same price, based on the 30-day VWAP. The Audit Committee approved the deal, which holds shares in treasury under the $75 million authorization, boosting ownership stability while Diversis retains about 10% under a 90-day lock-up. This aligns capital priorities with long-term value.
10-Q
Q2 FY2025 results
Turtle Beach's Q2 revenue fell 25.7% year-over-year to $56.8M, reflecting softer demand for gaming accessories, yet gross margins climbed to 32.2% from 30.2% thanks to the absence of prior fair-value inventory adjustments. Operating loss narrowed sharply to $0.3M from $4.1M, aided by a $6.0M insurance recovery offsetting expenses, while YTD operating income hit $1.2M versus a $9.8M loss last year. Diluted EPS improved to -$0.14 from -$0.35, aligning with 20.7M shares and no anti-dilution effects. Cash from operations surged to $37.3M YTD, funding $6.8M in share repurchases; liquidity stands solid with $11.7M cash and $36.2M revolver availability against $63.0M total debt maturing 2027. The March 2024 PDP acquisition, closed for $114.4M (cash/stock mix), added $39.7M goodwill and $47.8M intangibles amortized over 5-10 years, bolstering controller lines. Tariffs on imports pose ongoing margin pressure.
8-K
Q2 revenue dips, margins rise
Turtle Beach Corporation reported Q2 2025 net revenue of $56.8 million, down from $76.5 million last year, yet narrowed its net loss to $2.9 million from $7.5 million while boosting gross margin to 32.2%, up 200 basis points despite tariff hits. The company refinanced its debt into a $150 million facility, slashing term loan costs by 450 basis points for over $2 million in annual savings, and repurchased $5 million in stock under a $75 million program. It reiterated full-year guidance of $340–$360 million revenue and $47–$53 million Adjusted EBITDA. Debt flexibility aids growth amid macro pressures.
8-K
Turtle Beach Corporation secures $150M credit facility with Bank of America, comprising $60M term and $90M revolving loans, to refinance existing debt and fund operations. Leverage ratio capped at 2.75:1.00 initially, tightening to 2.50:1.00, with 1.25:1.00 fixed charge coverage required.
Turtle Beach Corporation, a Nevada-based company specializing in gaming audio products, has entered into a $150 million credit agreement with Bank of America as administrative agent. The facility includes a $60 million term loan and a $90 million revolving credit facility, maturing on August 1, 2028. The agreement refinances existing debt and supports working capital needs. Key covenants include a maximum consolidated leverage ratio of 2.75:1.00 through June 30, 2026, then 2.50:1.00 thereafter, and a minimum fixed charge coverage ratio of 1.25:1.00. The company maintains compliance with these financial metrics and uses proceeds for general corporate purposes.
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