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Turtle Beach Increases FYE 2018 Outlook After Q1 Results, Analysts Review

NEW YORK, NY / ACCESSWIRE / May 24, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report with no obligation on Turtle Beach Corporation (NASDAQ: HEAR) provides gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, personal computers, and mobile and tablet devices under the Turtle Beach brand.

HEAR shares have doubled in price since the company released better than expected earnings on May 9, 2018 for the first quarter. The company reported that Q1 year over year results included a 185% increase in revenues, a 36.8% improvement in gross margins and a leap in net income to $.16 per share from a loss of $(.81) per share in Q1 2017.

Get analysts review and target price along with revised company guidance READ MORE

Copy and paste the following secure link to your browser may be required to view the report – https://secure.blueoctane.net/forms/590HNL2V6FBX

The company also offers various sound technology products that deliver directional audio with applications in digital signage and kiosks, consumer electronics, and hearing healthcare under the brand name of HyperSound.

Turtle Beach announced it has filed a registration statement for 1,857,143 shares issued in connection with the April 26, 2018 transaction that retired $19.3 million in Series B Preferred Stock of Turtle Beach's subsidiary, VTB Holdings, Inc. These shares were issued to The Special Situations Funds and 180 Degree Capital Corp. as part of that transaction, which included an agreement to register the new shares.

Read about the drivers for HEAR products and a Q1 2018 financial review READ MORE

Copy and paste to your browser may be required to view the report – https://secure.blueoctane.net/forms/590HNL2V6FBX

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