Turtle Beach Corporation is one of the world's leading gaming accessory providers. The Turtle Beach brand (www.turtlebeach.com) is known for pioneering first-to-market features and patented innovations in high-quality, comfort-driven headsets for all levels of gamer, making it a fan-favorite brand and the market leader in console gaming audio for the last decade. Turtle Beach's ROCCAT brand (www.roccat.org) combines detail-loving German innovation with a genuine passion for designing the best PC gaming products. Under the ROCCAT brand, Turtle Beach creates award-winning keyboards, mice, headsets, mousepads, and other PC accessories.
Company profile
Ticker
HEAR
Exchange
Website
CEO
Juergen Stark
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Iridium Communications • Esco • Lumentum • UTStarcom • Inseego • Senstar Technologies • Iteris • NAPCO Security • PowerFleet • Vocera Communications ...
Former names
Parametric Sound Corp
SEC CIK
Corporate docs
Subsidiaries
VTB Holdings, Inc. • Voyetra Turtle Beach, Inc. • TBC Holding Company LLC • Turtle Beach Europe Limited • TB Germany GmbH ...
IRS number
272767540
HEAR stock data
Latest filings (excl ownership)
10-K
2022 FY
Annual report
29 Mar 23
8-A12B
Registration of securities on exchange
28 Mar 23
DEFA14A
Additional proxy soliciting materials
28 Mar 23
8-K
Entry into a Material Definitive Agreement
28 Mar 23
NT 10-K
Notice of late annual filing
16 Mar 23
8-K
Entry into a Material Definitive Agreement
15 Mar 23
8-K
Turtle Beach Reports Fourth Quarter and Full Year 2022 Results
13 Mar 23
8-K
Turtle Beach Appoints Julia Sze to the Board of Directors
6 Dec 22
10-Q
2022 Q3
Quarterly report
14 Nov 22
NT 10-Q
Notice of late quarterly filing
9 Nov 22
Transcripts
HEAR
Earnings call transcript
2022 Q4
13 Mar 23
HEAR
Earnings call transcript
2022 Q3
4 Nov 22
HEAR
Earnings call transcript
2022 Q2
9 Aug 22
HEAR
Earnings call transcript
2022 Q1
5 May 22
HEAR
Earnings call transcript
2021 Q4
3 Mar 22
HEAR
Earnings call transcript
2021 Q3
5 Nov 21
HEAR
Earnings call transcript
2021 Q2
6 Aug 21
HEAR
Earnings call transcript
2021 Q1
6 May 21
HEAR
Earnings call transcript
2020 Q4
5 Mar 21
HEAR
Earnings call transcript
2020 Q3
7 Nov 20
Latest ownership filings
SC 13D
TORO 18 HOLDINGS LLC
23 Mar 23
SC 13G/A
AWM Investment Company, Inc.
14 Feb 23
SC 13G/A
Shay Capital LLC
14 Feb 23
SC 13G/A
VANGUARD GROUP INC
9 Feb 23
SC 13G
Hudson Bay Capital Management LP
8 Feb 23
SC 13G/A
BlackRock Inc.
1 Feb 23
4
JULIA SZE
6 Dec 22
3
JULIA SZE
6 Dec 22
4
Lloyd Gregory Ballard
22 Nov 22
SC 13D/A
Donerail Group LP
28 Oct 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 11.40 mm | 11.40 mm | 11.40 mm | 11.40 mm | 11.40 mm | 11.40 mm |
| Cash burn (monthly) | (no burn) | 2.19 mm | 2.71 mm | 4.68 mm | (no burn) | 3.49 mm |
| Cash used (since last report) | n/a | 6.54 mm | 8.07 mm | 13.96 mm | n/a | 10.39 mm |
| Cash remaining | n/a | 4.86 mm | 3.33 mm | -2.56 mm | n/a | 1.01 mm |
| Runway (months of cash) | n/a | 2.2 | 1.2 | -0.5 | n/a | 0.3 |
Institutional ownership, Q4 2022
38.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 102 |
| Opened positions | 16 |
| Closed positions | 30 |
| Increased positions | 37 |
| Reduced positions | 25 |
| 13F shares | Current |
|---|---|
| Total value | 70.31 bn |
| Total shares | 14.05 mm |
| Total puts | 534.30 k |
| Total calls | 2.11 mm |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 1.05 mm | $7.55 bn |
| Hudson Bay Capital Management | 916.17 k | $6.57 bn |
| Vinik Family Investments | 886.98 k | $16.77 mm |
| Vanguard | 846.79 k | $6.07 bn |
| Hawkeye Capital Management | 771.37 k | $5.53 bn |
| SG VTB | 687.57 k | $10.37 mm |
| MS Morgan Stanley | 681.05 k | $4.88 bn |
| CC Capital | 660.00 k | $11.73 mm |
| AWM Investment | 633.46 k | $4.54 bn |
| Donerail | 535.87 k | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 5 Dec 22 | Sze Julia | Common Stock | Grant | Acquire A | No | No | 0 | 4,172 | 0.00 | 4,172 |
| 18 Nov 22 | Ballard Lloyd Gregory | Common Stock | Buy | Acquire P | No | No | 9.15 | 7,800 | 71.37 k | 46,522 |
| 26 Oct 22 | Terry Jimenez | Common Stock | Grant | Acquire A | No | No | 0 | 7,270 | 0.00 | 7,270 |
News
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14 Mar 23
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14 Mar 23
Wedbush Reiterates Outperform on Turtle Beach, Maintains $10 Price Target
14 Mar 23
Lennar, Caleres And 3 Stocks To Watch Heading Into Tuesday
14 Mar 23
12 Information Technology Stocks Moving In Monday's After-Market Session
13 Mar 23
Press releases
Turtle Beach Corporation Adopts Limited Duration Stockholder Rights Plan
28 Mar 23
All Hail the New King of Ultra-Premium Wireless Gaming Audio – Turtle Beach Reveals the Stealth Pro
23 Mar 23
Turtle Beach Extends Share Repurchase Program
13 Mar 23
Turtle Beach Reports Fourth Quarter and Full Year 2022 Results
13 Mar 23
Turtle Beach Launches New Stealth 600 Gen 2 MAX Teal & Pink Colorways as the Leading Gaming Accessory Maker's First Carbon Neutral Products
7 Mar 23