Turtle Beach Corp

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $174.0m $149.1m $287.4m $234.7m $360.1m $366.4m $240.2m $258.1m $372.8m $319.9m
Cost of Goods and Services Sold $131.4m $98.1m $178.7m $155.9m $226.3m $238.0m $191.0m $182.6m $243.8m $200.6m
Gross Profit $42.6m $51.0m $108.7m $78.7m $133.8m $128.4m $49.2m $75.5m $129.0m $119.3m
Operating Expenses $120.3m $46.2m $54.7m $68.3m $84.6m $108.0m $100.7m $91.9m $109.0m $91.8m
Operating Income (Loss) ($77.7m) $4.8m $54.0m $10.4m $49.2m $20.4m ($51.5m) ($16.4m) $20.0m $27.5m
Additional Financial Items
Amortization of Intangible Assets $4.1m $348k $303k $642k $889k $1.3m $1.2m $1.0m $7.0m $8.1m
Debt and Equity Securities, Gain (Loss) $1.6m
Goodwill, Impairment Loss $31.2m $0 $0 $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Domestic ($88.1m) ($3.7m) $37.5m $8.0m $47.0m $15.1m ($53.9m) ($20.1m) $4.3m $10.4m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $11.7m $52.5m $20.1m ($54.5m) ($17.3m) $10.7m $16.8m
Net Income (Loss) Attributable to Parent ($87.2m) ($3.2m) $39.2m $17.9m $38.7m $17.7m ($59.5m) ($17.7m) $16.2m $15.7m
Earnings Per Share, Basic ($1.79) ($0.07) $2.90 $1.24 $2.62 $1.11 ($3.62) ($1.03) $0.81 $0.78
Earnings Per Share, Diluted ($1.79) ($0.07) $2.74 $1.04 $2.37 $0.97 ($3.62) ($1.03) $0.78 $0.77
Weighted Average Number of Shares Outstanding, Basic 48.6m 49.3m 13.5m 14.5m 14.8m 15.9m 16.4m 17.1m 20.0m 20.3m
Weighted Average Number of Shares Outstanding, Diluted 48.6m 49.3m 14.3m 15.7m 16.4m 18.3m 16.4m 17.1m 20.8m 20.5m
Other Nonoperating Income (Expense) ($2.4m) $463k ($7.8m) $2.2m $3.8m $101k ($1.8m) ($394k) ($1.3m) ($945k)
Business Combination, Acquisition Related Costs $10.8m $1.4m
General and Administrative Expense $19.6m $15.7m $16.7m $21.8m $25.6m $31.6m $32.6m $31.3m $28.4m $30.4m
Interest Expense $7.4m $7.9m $5.3m $929k $467k $383k $1.2m $504k
Interest Expense, Debt $5.5m $5.8m $4.3m $900k $500k $400k $1.2m $600k $8.3m $7.9m
Operating Lease, Expense $1.0m $1.3m $1.4m $1.4m $1.5m $1.6m $2.8m
Other General Expense $10.8m
Research and Development Expense $8.3m $5.6m $5.6m $7.9m $12.3m $17.5m $19.1m $17.1m $17.3m $16.9m
Selling and Marketing Expense $28.6m $24.4m $32.4m $38.6m $46.8m $58.9m $47.1m $43.5m $52.4m $52.5m
Selling Expense $23.6m $24.6m
Income Tax Expense (Benefit) ($387k) $593k $1.7m ($6.2m) $13.7m $2.4m $5.1m $338k ($5.5m) $1.1m
Interest Income (Expense), Net ($8.1m) ($9.8m)