OverviewSuggest Edit

Turtle Beach Corporation, an audio technology company, develops, commercializes, and markets a range of products under the Turtle Beach and HyperSound brands internationally. The Company offers headset products for use across various platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets, and mobile devices. It also provides audio products for commercial and consumer devices, as well as for listeners with hearing loss.
TypePublic
Founded1975
HQSan Diego, US
Websitecorp.turtlebeach.com

Latest Updates

Employees (est.) (Dec 2018)136(+18%)
Job Openings1
Revenue (FY, 2018)$287.4 M(+287%)
Share Price (Oct 2019)$12

Turtle Beach Office Locations

Turtle Beach has offices in San Diego, Valhalla and Hampshire
San Diego, US (HQ)
12220 Scripps Summit Dr #100
Valhalla, US
100 Summit Lake Drive #100
Hampshire, GB
Renaissance House Basing View
Show all (3)

Turtle Beach Financials and Metrics

Turtle Beach Revenue

Turtle Beach's revenue was reported to be $287.44 m in FY, 2018
USD

Revenue (Q2, 2019)

41.3m

Gross profit (Q2, 2019)

13.2m

Gross profit margin (Q2, 2019), %

31.9%

Net income (Q2, 2019)

(2.4m)

EBIT (Q2, 2019)

(2.3m)

Market capitalization (17-Oct-2019)

174.4m

Closing stock price (17-Oct-2019)

12.0

Cash (30-Jun-2019)

3.4m
Turtle Beach's current market capitalization is $174.4 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017Y, 2018FY, 2018

Revenue

186.2m162.7m174.0m149.1m74.4m287.4m

Revenue growth, %

32974%(13%)7%(14%)(50%)

Cost of goods sold

135.5m122.1m131.4m98.1m178.7m

Gross profit

50.7m40.7m42.6m51.0m108.7m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

38.3m22.3m33.3m19.7m22.6m35.9m24.0m29.4m38.4m14.4m19.1m36.0m40.9m60.8m74.4m44.8m41.3m

Cost of goods sold

26.0m17.5m25.6m16.6m19.2m26.3m20.7m24.2m34.5m12.1m12.8m23.4m25.9m40.5m43.9m30.1m28.2m

Gross profit

12.3m4.8m7.7m3.1m3.4m9.6m3.4m5.1m3.9m2.2m6.3m12.5m15.0m20.3m30.5m14.8m13.2m

Gross profit Margin, %

32%22%23%16%15%27%14%17%10%15%33%35%37%33%41%33%32%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.6m7.9m7.1m6.2m5.2m7.1m

Accounts Receivable

177.5k

Inventories

723.4k3.8m26.1m21.7m27.5m49.5m

Current Assets

2.6m117.6m94.9m86.6m86.8m113.8m
Quarterly
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(7.7m)(15.5m)(82.9m)(87.2m)(3.2m)39.2m

Depreciation and Amortization

256.7k5.8m5.9m5.1m4.1m4.0m

Inventories

(228.6k)11.4m11.1m(7.0m)(7.5m)(25.4m)

Accounts Payable

689.2k(10.6m)(17.3m)(5.1m)1.5m4.1m
Quarterly
USDQ1, 2014Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

(2.8m)(2.9m)(12.2m)(17.8m)(10.6m)(20.5m)(36.4m)(12.0m)(54.6m)(99.4m)(9.9m)(17.0m)(17.5m)2.0m(356.0k)14.6m3.1m682.0k

Depreciation and Amortization

64.6k3.0m4.3m3.1m1.3m2.5m4.2m769.0k2.2m3.0m948.0k2.2m2.9m1.0m2.2m

Inventories

4.7k8.4m12.4m3.6m36.2m338.0k49.7m(391.0k)(3.3m)(29.0m)(1.5m)(907.0k)(26.1m)11.1m(2.3m)(48.1m)4.2m4.5m

Accounts Payable

248.3k(15.8m)(34.1m)(16.0m)20.1m(13.6m)32.9m(4.6m)1.8m20.8m(3.7m)(601.0k)17.5m(3.6m)16.5m35.2m(4.5m)(1.1m)
USDY, 2019

Financial Leverage

2.3 x
Show all financial metrics

Turtle Beach Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
RoccatMarch 15, 2019$14.80 m

Turtle Beach Online and Social Media Presence

Embed Graph

Turtle Beach News and Updates

Turtle Beach Partners With Los Angeles Chargers Defensive Stars Melvin Ingram & Isaac Rochell

SAN DIEGO, Aug. 22, 2019 /PRNewswire/ -- Leading gaming audio and accessory brand Turtle Beach (Nasdaq: HEAR) today announced partnerships with Melvin Ingram and Isaac Rochell of the Los Angeles Chargers. The two NFL players join a growing list of pro athlete gamers, including 2019 NBA...

Turtle Beach to Present at the 8th Annual Gateway Conference on September 5, 2019

SAN DIEGO, Aug. 19, 2019 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (Nasdaq: HEAR), a leading gaming accessory brand, has been invited to present at the 8th Annual Gateway Conference, which is being held September 4-5, 2019 at the Four Seasons Hotel in San Francisco, CA.

Turtle Beach launches $150 Elite Atlas Aero wireless gaming headset

Turtle Beach is revealing two new products at Gamescom. It has a wireless $150 headset and a $30 dongle to improve any 3.5mm headset.

Turtle Beach completes acquisition of German accessory maker Roccat

San Diego-based Turtle Beach has completed its acquisition of German PC peripherals maker Roccat for $15.6 million, plus earnouts.

Turtle Beach stock rises after earnings beat

Turtle Beach Corp. shares rose more than 6% in the extended session Wednesday after it beat earnings and revenue expectations. The company reported first-quarter net income of $3.1 million, or 9 cents a share, compared with $2 million, or 16 cents a share, in the year-ago period. Adjusted for acqui…

Turtle Beach acquires PC peripheral company Roccat

Turtle Beach is one of the must successful headset manufacturers in the world, and now it's using its recent success to expand into other products.
Show more

Turtle Beach Frequently Asked Questions

  • When was Turtle Beach founded?

    Turtle Beach was founded in 1975.

  • How many employees does Turtle Beach have?

    Turtle Beach has 136 employees.

  • What is Turtle Beach revenue?

    Latest Turtle Beach annual revenue is $287.4 m.

  • What is Turtle Beach revenue per employee?

    Latest Turtle Beach revenue per employee is $2.1 m.

  • Who are Turtle Beach competitors?

    Competitors of Turtle Beach include Razer, GN Store Nord and Onkyo.

  • Where is Turtle Beach headquarters?

    Turtle Beach headquarters is located at 12220 Scripps Summit Dr #100, San Diego.

  • Where are Turtle Beach offices?

    Turtle Beach has offices in San Diego, Valhalla and Hampshire.

  • How many offices does Turtle Beach have?

    Turtle Beach has 3 offices.