- Turtle Beach (NASDAQ:HEAR) shares gain 4.4% after reporting Q4 and strong current quarter forecast, driven by the pandemic-related gaming boom and the next-gen game consoles that launched during the quarter.
- Revenue was up 31% on the year to $132.9M and EPs of $0.84, one cent above consensus estimates.
- Adjusted EBITDA was $23.6M, up from $16.6M in last year's quarter.
- Gross margin was 35.8% compared to 35.1% in last year's quarter.
- For the year, Turtle Beach revenue and adjusted EBITDA hit all-time highs of $360.1M and $61.4M, respectively.
- The Q1 forecast includes revenue around $88M (consensus: $54.6M), EPS of $0.45 (consensus: $0), and adjusted EBITDA of $14M.
- For FY21, the company forecasts revenue of approximately $370M (consensus: $365.2M), EPS of $1.35 vs. the $1.39 consensus, and adjusted EBITDA of about $45M.
- Press release.
Pandemic-related gaming boom drives Turtle Beach beats, record annual sales
This was corrected on 03/04/2021 at 11:17 PM. The original post had incorrect FY21 revenue guidance
Recommended For You
About HEAR Stock
Related Stocks
| Symbol | Last Price | % Chg |
|---|---|---|
| HEAR | - | - |
| Turtle Beach Corporation | ||