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HEAR - Turtle Beach Non-GAAP EPS of $0.16 misses by $0.07 revenue of $109.43M beats by $1.23M
Turtle Beach Corporation
Turtle Beach press release (NASDAQ:HEAR): Q4 Non-GAAP EPS of $0.16 misses by $0.07. Revenue of $109.43M (-17.7% Y/Y) beats by $1.23M. Shares -11.09%. Adjusted EBITDA was $9.6 million compared to $23.6 million. Gross margin in the fourth quarter of 2021 was 32.5% compared to 35.8% in the fourth quarter of 2020. At December 31, 2021, the Company had $37.7 million of cash and cash equivalents with no outstanding debt.