Turtle Beach Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Turtle Beach (NASDAQ:HEAR) Full Year 2023 Results
Key Financial Results
Revenue: US$258.1m (up 7.5% from FY 2022).
Net loss: US$17.7m (loss narrowed by 70% from FY 2022).
US$1.03 loss per share (improved from US$3.62 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Turtle Beach EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 4.6%.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Tech industry in the US.
Performance of the American Tech industry.
The company's shares are up 36% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Turtle Beach.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
