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Turtle Beach (Nasdaq: HEAR) has launched affordable audio headsets and accessories to enhance remote work and virtual learning experiences. The Atlas Edge, a USB audio enhancer, offers customizable sound and 3D audio capabilities. Bundles include options like the Atlas One and Elite Atlas, catering to different user needs with prices ranging from $29.95 to $114.95. CEO Juergen Stark emphasizes the importance of connectivity during these times. The products are available exclusively on turtlebeach.com.
Turtle Beach Corporation (Nasdaq: HEAR) reported record second-quarter results for 2020, with net revenue surging 93% to $79.7 million. The company achieved a gross margin increase of 480 basis points to 36.7% and a net income of $8.2 million or $0.51 per diluted share, a turnaround from a net loss of $2.4 million in the previous year. Adjusted EBITDA also rose significantly to $12.9 million. The company anticipates full-year revenue of approximately $300 million, exceeding prior forecasts due to sustained demand from gamers and non-gamers alike.
Turtle Beach Corporation (Nasdaq: HEAR) will release its second quarter 2020 financial results on August 6, 2020. CEO Juergen Stark and CFO John Hanson will discuss the results in a conference call at 9:00 a.m. ET on the same day. Participants can join the call using toll-free dial-in numbers, with options for both domestic and international callers. A live broadcast will be available online, along with a replay starting at 12:00 p.m. ET post-call until August 13, 2020. This announcement highlights the company’s ongoing commitment to transparency with investors.
Turtle Beach Corporation (Nasdaq: HEAR) has upgraded its sales outlook for Q2 2020, expecting revenues between $74 million and $77 million, a significant rise from $41.3 million in Q2 2019. This expected performance exceeds the previous record of $60.8 million from Q2 2018 by at least 21%. The company attributes this growth to strong consumer demand for gaming headsets and increased product supply capabilities. CEO Juergen Stark highlighted that sales have surpassed initial forecasts due to optimized operational execution and better market responsiveness.