Turtle Beach Corp - Understand $hear stock

$HEAR Market Cap: $367.5 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$326.2M

TTM

Gross Margin

32.54%

TTM

Net Earnings

$4.596M

TTM

Current Assets

$196.5M

Q3 2024

Current Liabilities

$155.7M

Q3 2024

Current Ratio

126.17%

Q3 2024

Total Assets

$313.2M

Q3 2024

Total Liabilities

$211.4M

Q3 2024

Book Value

$101.8M

Q3 2024

Cash

$13.80M

Q3 2024

P/E

79.95

Nov 29, 2024 EST

Free Cash Flow

$6.920M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$258.1M	$240.2M	$366.4M	$360.1M	$234.7M	$287.4M	$149.1M	$174.0M	$162.7M	$186.2M	$178.5M	$207.1M	$100.0K	$600.0K	$600.0K	$700.0K	$700.0K
YoY Change	7.48%	-34.44%	1.74%	53.45%	-18.36%	92.74%	-14.28%	6.9%	-12.58%	4.32%	-13.84%	207036.0%	-83.33%	0.0%	-14.29%	0.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$258.1M	$240.2M	$366.4M	$360.1M	$234.7M	$287.4M	$149.1M	$174.0M	$162.7M	$186.2M	$178.5M	$207.1M	$100.0K	$600.0K	$600.0K	$700.0K	$700.0K
Cost Of Revenue	$182.6M	$191.0M	$238.0M	$226.3M	$156.0M	$178.7M	$98.13M	$131.4M	$122.1M	$135.5M	$128.1M	$132.8M	$0.00	$500.0K	$600.0K	$800.0K	$800.0K
Gross Profit	$75.50M	$49.19M	$128.4M	$133.8M	$78.71M	$108.7M	$51.00M	$42.61M	$40.69M	$50.67M	$50.33M	$74.34M	$0.00	$100.0K	$0.00	-$100.0K	-$100.0K
Gross Profit Margin	29.25%	20.48%	35.04%	37.15%	33.54%	37.82%	34.2%	24.49%	25.0%	27.21%	28.2%	35.89%	0.0%	16.67%	0.0%	-14.29%	-14.29%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$74.81M	$79.65M	$90.46M	$72.36M	$60.43M	$49.05M	$40.09M	$48.15M	$53.31M	$50.60M	$39.99M	$28.99M	$600.0K	$400.0K	$800.0K	$1.300M	$1.300M
YoY Change	-6.07%	-11.95%	25.02%	19.74%	23.21%	22.36%	-16.75%	-9.68%	5.36%	26.52%	37.96%	4731.67%	50.0%	-50.0%	-38.46%	0.0%
% of Gross Profit	99.08%	161.93%	70.46%	54.08%	76.77%	45.12%	78.59%	113.01%	131.02%	99.87%	79.47%	39.0%		400.0%
Research & Development	$17.14M	$19.12M	$17.49M	$12.27M	$7.856M	$5.611M	$5.587M	$8.259M	$11.56M	$9.400M	$4.873M	$2.099M	$600.0K	$200.0K	$100.0K	$700.0K	$700.0K
YoY Change	-10.39%	9.34%	42.6%	56.12%	40.01%	0.43%	-32.35%	-28.53%	22.94%	92.9%	132.16%	249.83%	200.0%	100.0%	-85.71%	0.0%
% of Gross Profit	22.7%	38.88%	13.62%	9.17%	9.98%	5.16%	10.95%	19.38%	28.4%	18.55%	9.68%	2.82%		200.0%
Depreciation & Amortization	$3.800M	$4.600M	$4.100M	$4.400M	$4.600M	$4.000M	$4.074M	$5.066M	$5.901M	$5.800M	$4.422M	$1.858M	$60.00K	$70.00K	$70.00K	$110.0K	$110.0K
YoY Change	-17.39%	12.2%	-6.82%	-4.35%	15.0%	-1.82%	-19.58%	-14.15%	1.74%	31.16%	138.0%	2996.67%	-14.29%	0.0%	-36.36%	0.0%
% of Gross Profit	5.03%	9.35%	3.19%	3.29%	5.84%	3.68%	7.99%	11.89%	14.5%	11.45%	8.79%	2.5%		70.0%
Operating Expenses	$91.95M	$98.77M	$108.0M	$84.62M	$68.29M	$54.66M	$46.21M	$120.3M	$115.1M	$64.49M	$48.73M	$31.43M	$1.300M	$700.0K	$1.000M	$2.100M	$2.100M
YoY Change	-6.91%	-8.5%	27.57%	23.92%	24.93%	18.29%	-61.6%	4.54%	78.46%	32.34%	55.04%	2317.77%	85.71%	-30.0%	-52.38%	0.0%
Operating Profit	-$16.44M	-$49.58M	$20.43M	$49.17M	$10.43M	$54.04M	$4.798M	-$77.70M	-$74.40M	-$13.83M	$1.598M	$42.91M	-$1.300M	-$600.0K	-$1.000M	-$2.200M	-$2.200M
YoY Change	-66.84%	-342.69%	-58.45%	371.54%	-80.71%	1026.32%	-106.17%	4.44%	438.15%	-965.14%	-96.28%	-3400.77%	116.67%	-40.0%	-54.55%	0.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	$504.0K	-$1.220M	$383.0K	$467.0K	$929.0K	$5.335M	$7.916M	$7.447M	$5.099M	$7.209M	$6.626M	$4.738M	-$300.0K	$0.00	$0.00
YoY Change	-141.31%	-418.54%	-17.99%	-49.73%	-82.59%	-32.6%	6.3%	46.05%	-29.27%	8.8%	39.85%	-1679.33%
% of Operating Profit			1.87%	0.95%	8.91%	9.87%	164.99%				414.64%	11.04%
Other Income/Expense, Net	-$394.0K	-$1.753M	$101.0K	$3.757M	$2.209M	-$7.779M	$463.0K	-$2.421M	-$1.016M	-$724.0K	-$45.00K	-$7.000K	$0.00	$0.00	$0.00	$0.00
YoY Change	-77.52%	-1835.64%	-97.31%	70.08%	-128.4%	-1780.13%	-119.12%	138.29%	40.33%	1508.89%	542.86%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	-$17.34M	-$54.45M	$20.15M	$52.46M	$11.71M	$40.93M	-$2.655M	-$88.08M	-$78.64M	-$21.64M	-$6.026M	$39.63M	-$1.500M	-$900.0K	-$1.000M	-$2.100M	-$2.100M
YoY Change	-68.15%	-370.25%	-61.59%	348.08%	-71.4%	-1641.51%	-96.99%	12.0%	263.43%	259.09%	-115.21%	-2741.73%	66.67%	-10.0%	-52.38%	0.0%
Income Tax	$338.0K	$5.093M	$2.428M	$13.71M	-$6.237M	$1.737M	$593.0K	-$387.0K	$2.393M	-$6.272M	$1.090M	$14.01M	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income			12.05%	26.14%	-53.28%	4.24%						35.35%
Net Earnings	-$17.68M	-$59.55M	$17.72M	$38.75M	$17.94M	$39.19M	-$3.248M	-$87.18M	-$82.91M	-$15.49M	-$6.163M	$26.46M	-$1.500M	-$900.0K	-$1.000M	-$2.100M	-$2.100M
YoY Change	-70.31%	-436.02%	-54.26%	115.93%	-54.21%	-1306.59%	-96.27%	5.16%	435.37%	151.27%	-123.29%	-1864.0%	66.67%	-10.0%	-52.38%	0.0%
Net Earnings / Revenue	-6.85%	-24.79%	4.84%	10.76%	7.65%	13.63%	-2.18%	-50.11%	-50.94%	-8.32%	-3.45%	12.77%	-1500.0%	-150.0%	-166.67%	-300.0%	-300.0%
Basic Earnings Per Share	-$1.03	-$3.62	$1.11	$2.62	$1.24	$2.90	-$0.26	-$7.18	-$1.96	-$0.39	-$0.49	$0.13
Diluted Earnings Per Share	-$1.03	-$3.62	$0.97	$2.37	$1.04	$2.74	-$0.26	-$7.18	-$1.96	-$0.39	-$0.49	$0.13	-$1.875M	-$1.125M	-$1.250M	-$2.625M	-$2.625M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments	$18.73M	$11.40M	$37.72M	$46.70M	$8.200M	$7.100M	$5.200M	$6.200M	$7.100M	$7.900M	$6.500M	$5.500M	$500.0K	$400.0K	$0.00	$0.00
YoY Change	64.32%	-69.79%	-19.23%	469.51%	15.49%	36.54%	-16.13%	-12.68%	-10.13%	21.54%	18.18%	1000.0%	25.0%
Cash & Equivalents	$18.73M	$11.40M	$37.72M	$46.70M	$8.200M	$7.100M	$5.200M	$6.200M	$7.100M	$7.900M	$6.500M	$5.500M	$500.0K	$400.0K	$0.00	$0.00
Short-Term Investments
Other Short-Term Assets	$7.720M	$9.196M	$17.51M	$8.100M	$4.100M	$4.500M	$3.500M	$4.100M	$4.500M	$10.20M	$8.700M	$100.0K	$100.0K	$0.00	$0.00	$0.00
YoY Change	-16.05%	-47.47%	116.12%	97.56%	-8.89%	28.57%	-14.63%	-8.89%	-55.88%	17.24%	8600.0%	0.0%
Inventory	$44.02M	$71.25M	$101.9M	$71.30M	$45.70M	$49.50M	$27.50M	$21.70M	$26.10M	$38.40M	$49.60M	$400.0K	$300.0K	$0.00	$400.0K	$1.000M	$1.000M
Prepaid Expenses
Receivables	$54.39M	$43.34M	$35.95M	$43.90M	$44.50M	$52.80M	$50.50M	$54.60M	$57.20M	$61.10M	$48.50M	$0.00	$0.00	$0.00	$0.00	$100.0K	$100.0K
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$124.9M	$135.2M	$193.1M	$170.0M	$102.5M	$113.8M	$86.80M	$86.60M	$94.90M	$117.6M	$113.4M	$6.100M	$800.0K	$500.0K	$500.0K	$1.000M	$1.000M
YoY Change	-7.64%	-30.0%	13.6%	65.85%	-9.93%	31.11%	0.23%	-8.75%	-19.3%	3.7%	1759.02%	662.5%	60.0%	0.0%	-50.0%	0.0%
Property, Plant & Equipment	$11.83M	$6.362M	$14.37M	$12.30M	$5.700M	$5.900M	$4.700M	$4.300M	$6.900M	$6.700M	$7.400M	$200.0K	$100.0K	$0.00	$0.00	$0.00	$0.00
YoY Change	85.95%	-55.72%	16.8%	115.79%	-3.39%	25.53%	9.3%	-37.68%	2.99%	-9.46%	3600.0%	100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$862.0K	$8.547M	$6.552M	$7.800M	$8.500M	$1.200M	$1.400M	$2.200M	$1.600M	$1.900M	$2.600M
YoY Change	-89.91%	30.45%	-16.0%	-8.24%	608.33%	-14.29%	-36.36%	37.5%	-15.79%	-26.92%
Total Long-Term Assets	$25.11M	$28.21M	$37.39M	$33.50M	$28.90M	$8.100M	$7.500M	$8.200M	$77.60M	$129.4M	$13.90M	$1.500M	$300.0K	$100.0K	$500.0K	$700.0K	$700.0K
YoY Change	-10.97%	-24.57%	11.62%	15.92%	256.79%	8.0%	-8.54%	-89.43%	-40.03%	830.94%	826.67%	400.0%	200.0%	-80.0%	-28.57%	0.0%
Total Assets	$150.0M	$163.4M	$230.5M	$203.5M	$131.4M	$121.9M	$94.30M	$94.80M	$172.5M	$247.0M	$127.3M	$7.600M	$1.100M	$600.0K	$1.000M	$1.700M	$1.700M
YoY Change
Accounts Payable	$26.91M	$19.85M	$40.48M	$42.50M	$22.50M	$17.70M	$13.50M	$11.90M	$17.70M	$35.50M	$44.10M	$200.0K	$200.0K	$100.0K	$0.00	$0.00	$0.00
YoY Change	35.58%	-50.97%	-4.76%	88.89%	27.12%	31.11%	13.45%	-32.77%	-50.14%	-19.5%	21950.0%	0.0%	100.0%
Accrued Expenses	$24.22M	$21.27M	$34.23M	$30.50M	$23.90M		$11.50M	$16.40M	$14.20M			$100.0K	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	13.84%	-37.86%	12.24%	27.62%			-29.88%	15.49%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$19.05M	$0.00	$0.00	$15.70M	$37.40M	$38.50M	$35.90M	$32.50M	$36.90M	$42.90M	$0.00	$0.00	$400.0K	$0.00	$0.00	$0.00
YoY Change	-100.0%			-100.0%	-58.02%	-2.86%	7.24%	10.46%	-11.92%	-13.99%			-100.0%
Long-Term Debt Due						$0.00	$4.200M	$2.600M	$4.800M	$1.900M	$14.50M	$0.00
YoY Change						-100.0%	61.54%	-45.83%	152.63%	-86.9%
Total Short-Term Liabilities	$56.33M	$64.33M	$78.17M	$78.70M	$64.60M	$73.60M	$67.60M	$66.90M	$69.20M	$88.90M	$111.2M	$300.0K	$400.0K	$600.0K	$100.0K	$100.0K	$100.0K
YoY Change	-12.44%	-17.7%	-0.68%	21.83%	-12.23%	8.88%	1.05%	-3.32%	-22.16%	-20.05%	36966.67%	-25.0%	-33.33%	500.0%	0.0%	0.0%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$46.50M	$45.80M	$43.70M	$20.70M	$24.10M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change						-100.0%	1.53%	4.81%	111.11%	-14.11%
Other Long-Term Liabilities	$7.012M	$8.038M	$7.194M	$8.300M	$3.200M	$10.60M	$2.300M	$2.800M	$2.900M	$5.600M	$2.000M
YoY Change	-12.76%	11.73%	-13.33%	159.38%	-69.81%	360.87%	-17.86%	-3.45%	-48.21%	180.0%
Total Long-Term Liabilities	$7.012M	$8.038M	$7.194M	$8.300M	$3.200M	$10.60M	$48.80M	$48.60M	$46.60M	$26.30M	$26.10M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-12.76%	11.73%	-13.33%	159.38%	-69.81%	-78.28%	0.41%	4.29%	77.19%	0.77%
Total Liabilities	$64.89M	$74.45M	$89.14M	$87.10M	$68.00M	$84.40M	$116.4M	$115.5M	$115.8M	$115.8M	$138.1M	$300.0K	$400.0K	$600.0K	$100.0K	$100.0K	$100.0K
YoY Change	-12.84%	-16.48%	2.34%	28.09%	-19.43%	-27.49%	0.78%	-0.26%	0.0%	-16.15%	45933.33%	-25.0%	-33.33%	500.0%	0.0%	0.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	17.14M	16.45M	15.92M	14.80M	14.48M	13.51M	12.34M	12.15M shares	42.27M shares	39.67M shares	12.70M shares	12.70M shares
Diluted Shares Outstanding	17.14M	16.45M	18.25M	16.37M	15.69M	14.29M	12.34M	12.15M shares	42.27M shares	39.67M shares	12.70M shares	12.70M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $367.45 Million

About Turtle Beach Corp

Turtle Beach Corp. engages in the development, commercialization, and marketing of audio peripherals. The company is headquartered in White Plains, New York and currently employs 223 full-time employees. The company went IPO on 2012-03-22. Turtle Beach is engaged in developing, commercializing, and marketing products under Turtle Beach and ROCCAT brands. The firm is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers (PC), tablets and mobile devices. Its PC peripherals brand, ROCCAT, creates PC gaming keyboards, mice and other gaming accessories focused on the PC gaming market. The Turtle Beach brand has a market of gaming headsets with a portfolio of headsets for Xbox, PlayStation, and Nintendo consoles, as well as for PCs and mobile/tablet devices. The company also includes the Neat Microphones brand, which creates, manufactures, and sells digital universal serial bus (USB) and analog microphones. Its subsidiaries include VTB Holdings, Inc., Voyetra Turtle Beach, Inc., TBC Holding Company LLC, Turtle Beach Europe Limited and TB Germany GmbH.

Industry: Communications Equipment, NEC Peers: Apple Inc. AstroNova, Inc. Boxlight Corp CPI Card Group Inc. IMMERSION CORP INTEVAC INC Movano Inc. ONE STOP SYSTEMS, INC. QUANTUM CORP /DE/