HEAR - Turtle Beach Non-GAAP EPS of -$0.41 misses by $0.07 revenue of $47.98M misses by $2.45M
2023-08-07 16:18:58 ET
- Turtle Beach press release ( NASDAQ: HEAR ): Q2 Non-GAAP EPS of -$0.41 misses by $0.07 .
- Revenue of $47.98M (+16.2% Y/Y) misses by $2.45M .
- 2023 Outlook: The Company continues to target its long-term goals of 10+% revenue CAGR, mid-30s gross margin percentage, and 10+% adjusted EBITDA margins.
- In light of the aforementioned market and operational conditions, the Company is maintaining its outlook for fiscal year 2023 and expects net revenues to be in the range of $265 million to $270 million, with the 10 to 12% growth driven primarily by expected out-performance of the gaming markets in specific categories based on the Company’s product plans for the remainder of 2023.
- Adjusted EBITDA is expected to be in the range of $6 million to $8 million.
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Turtle Beach Non-GAAP EPS of -$0.41 misses by $0.07, revenue of $47.98M misses by $2.45M