Turtle Beach (HEAR): Q3 2019 Earnings Snapshot

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—  Turtle Beach Corporation (NASDAQ: HEAR) reported third-quarter 2019 loss of $0.18 per share, vs. $0.23 per share loss expected.

— Total revenue fell 38% to $46.7 million, vs. $42.8 million expected. The decrease was primarily due to the expected decline in demand from the record levels in the prior year, driven by new headset users buying their first headset for Battle Royale games.

— Q3 Adjusted EBITDA of $0.3 million, compared to $17.6 million in the year-ago quarter


For FY19, expects revenue to range between $236 million and $242 million. Adjusted
EPS for this period is expected to range between $0.65 and $0.75.

— HEAR
shares were up 0.2% immediately following the announcement.

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