Revenue Update on Turtle Beach Corp(NASDAQ:HEAR)

Turtle Beach Corp(NASDAQ:HEAR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $29.36M. Analysts estimated a revenue of $24.94M. Earnings per share were $-0.23. Analysts had estimated an EPS of $-0.24.

Turtle Beach Corp (HEAR) shares turned negative on Wednesdays trading session with the shares closing down -0.01 points or -0.95% at a volume of 78,453. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.07. The peak price level was also seen at $1.07 while the days lowest was $1.01. Finally the shares closed at $1.04. The 52-week high of the shares is $3.72 while the 52-week low is $0.8301. According to the latest information available, the market cap of the company is $51 M.

Several Insider Transactions has been reported to the SEC. On Feb 8, 2016, Juergen M. Stark (CEO) purchased 150,000 shares at $1.00 per share price.

Turtle Beach Corporation (Turtle Beach) formerly Parametric Sound Corporation is an audio technology company. The Company is engaged in developing commercializing and marketing audio technologies under the Turtle Beach and HyperSound brands. The Company operates through two business segments: Voyetra Turtle Beach and HyperSound. The Turtle Beach brand is engaged in providing headset solutions for use across multiple platforms including video game and entertainment consoles handheld consoles personal computers tablets and mobile devices. The HyperSound technology is a sound technology that delivers directional audio in commercial settings and consumer devices including clarity and comprehension for listeners with hearing loss. The Company markets its HyperSound technology to retailers and audio-visual integrators for commercial applications.

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