Turtle Beach Corp
NASDAQ:HEAR
Income Statement
Earnings Waterfall
Turtle Beach Corp
Revenue
|
258.1m
USD
|
Cost of Revenue
|
-182.6m
USD
|
Gross Profit
|
75.5m
USD
|
Operating Expenses
|
-91.9m
USD
|
Operating Income
|
-16.4m
USD
|
Other Expenses
|
-1.2m
USD
|
Net Income
|
-17.7m
USD
|
Income Statement
Turtle Beach Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
179
N/A
|
217
+21%
|
239
+10%
|
272
+14%
|
186
-32%
|
168
-10%
|
168
+0%
|
171
+2%
|
163
-5%
|
167
+3%
|
174
+4%
|
176
+1%
|
174
-1%
|
164
-6%
|
154
-6%
|
152
-2%
|
149
-2%
|
176
+18%
|
217
+24%
|
256
+18%
|
287
+12%
|
291
+1%
|
272
-7%
|
244
-10%
|
235
-4%
|
225
-4%
|
263
+17%
|
329
+25%
|
360
+9%
|
418
+16%
|
417
0%
|
390
-7%
|
366
-6%
|
320
-13%
|
283
-12%
|
249
-12%
|
240
-3%
|
245
+2%
|
252
+3%
|
260
+3%
|
258
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(128)
|
(154)
|
(171)
|
(197)
|
(136)
|
(126)
|
(128)
|
(129)
|
(122)
|
(126)
|
(131)
|
(139)
|
(131)
|
(123)
|
(111)
|
(100)
|
(98)
|
(112)
|
(140)
|
(160)
|
(179)
|
(183)
|
(171)
|
(158)
|
(156)
|
(150)
|
(173)
|
(207)
|
(226)
|
(260)
|
(260)
|
(249)
|
(238)
|
(212)
|
(196)
|
(184)
|
(191)
|
(196)
|
(198)
|
(196)
|
(183)
|
|
Gross Profit |
50
N/A
|
63
+24%
|
67
+8%
|
75
+11%
|
51
-32%
|
41
-18%
|
40
-3%
|
42
+5%
|
41
-3%
|
41
+1%
|
43
+4%
|
37
-13%
|
43
+15%
|
41
-3%
|
43
+3%
|
51
+20%
|
51
0%
|
64
+25%
|
78
+22%
|
96
+23%
|
109
+14%
|
109
0%
|
101
-7%
|
86
-15%
|
79
-8%
|
75
-5%
|
91
+21%
|
122
+34%
|
134
+10%
|
158
+18%
|
157
0%
|
141
-11%
|
128
-9%
|
108
-16%
|
87
-19%
|
65
-25%
|
49
-24%
|
49
+0%
|
53
+8%
|
64
+20%
|
76
+19%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(49)
|
(64)
|
(76)
|
(88)
|
(64)
|
(62)
|
(64)
|
(65)
|
(65)
|
(62)
|
(61)
|
(60)
|
(56)
|
(53)
|
(50)
|
(47)
|
(46)
|
(47)
|
(48)
|
(51)
|
(55)
|
(56)
|
(60)
|
(63)
|
(68)
|
(70)
|
(75)
|
(79)
|
(85)
|
(90)
|
(100)
|
(106)
|
(108)
|
(108)
|
(109)
|
(102)
|
(99)
|
(99)
|
(97)
|
(97)
|
(92)
|
|
Selling, General & Administrative |
(44)
|
(57)
|
(68)
|
(78)
|
(54)
|
(52)
|
(53)
|
(53)
|
(53)
|
(52)
|
(51)
|
(50)
|
(48)
|
(46)
|
(43)
|
(41)
|
(40)
|
(41)
|
(43)
|
(46)
|
(49)
|
(51)
|
(54)
|
(57)
|
(60)
|
(62)
|
(65)
|
(68)
|
(72)
|
(78)
|
(85)
|
(90)
|
(91)
|
(89)
|
(89)
|
(83)
|
(80)
|
(79)
|
(79)
|
(78)
|
(75)
|
|
Research & Development |
(5)
|
(6)
|
(8)
|
(10)
|
(9)
|
(10)
|
(11)
|
(11)
|
(12)
|
(11)
|
(10)
|
(10)
|
(8)
|
(8)
|
(7)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(9)
|
(10)
|
(11)
|
(12)
|
(14)
|
(15)
|
(17)
|
(18)
|
(19)
|
(20)
|
(19)
|
(19)
|
(18)
|
(17)
|
(17)
|
(17)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
|
Operating Income |
2
N/A
|
(1)
N/A
|
(8)
-730%
|
(13)
-57%
|
(13)
-1%
|
(21)
-59%
|
(24)
-15%
|
(23)
+5%
|
(24)
-7%
|
(22)
+11%
|
(19)
+14%
|
(23)
-23%
|
(14)
+39%
|
(12)
+13%
|
(8)
+36%
|
5
N/A
|
5
+13%
|
17
+219%
|
30
+79%
|
45
+48%
|
54
+21%
|
52
-4%
|
42
-20%
|
23
-46%
|
10
-54%
|
4
-61%
|
16
+288%
|
43
+168%
|
49
+15%
|
68
+39%
|
57
-17%
|
34
-40%
|
20
-40%
|
(0)
N/A
|
(22)
-10 900%
|
(37)
-69%
|
(50)
-33%
|
(50)
0%
|
(44)
+11%
|
(33)
+25%
|
(16)
+50%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(7)
|
(11)
|
(12)
|
(13)
|
(7)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(5)
|
(2)
|
(1)
|
0
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(50)
|
(50)
|
(81)
|
(114)
|
(64)
|
(64)
|
(33)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
2
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
1
|
1
|
(9)
|
(9)
|
(8)
|
(16)
|
(7)
|
(7)
|
0
|
(0)
|
(0)
|
0
|
2
|
2
|
2
|
1
|
0
|
0
|
(1)
|
(3)
|
(2)
|
(1)
|
(0)
|
2
|
(0)
|
|
Pre-Tax Income |
(5)
N/A
|
(12)
-129%
|
(20)
-69%
|
(26)
-29%
|
(22)
+16%
|
(27)
-24%
|
(30)
-11%
|
(29)
+3%
|
(81)
-178%
|
(78)
+3%
|
(108)
-38%
|
(146)
-34%
|
(88)
+40%
|
(86)
+2%
|
(49)
+42%
|
(4)
+91%
|
(3)
+36%
|
9
N/A
|
14
+50%
|
29
+110%
|
41
+41%
|
34
-18%
|
33
-1%
|
15
-55%
|
12
-22%
|
3
-74%
|
17
+445%
|
44
+162%
|
53
+19%
|
69
+32%
|
58
-16%
|
35
-40%
|
20
-42%
|
(1)
N/A
|
(24)
-3 833%
|
(41)
-73%
|
(55)
-34%
|
(52)
+4%
|
(46)
+13%
|
(32)
+29%
|
(17)
+46%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
5
|
6
|
8
|
6
|
4
|
6
|
(5)
|
(2)
|
(6)
|
(9)
|
(0)
|
0
|
0
|
(0)
|
(1)
|
9
|
9
|
10
|
10
|
(2)
|
(2)
|
(2)
|
(1)
|
6
|
8
|
5
|
(1)
|
(14)
|
(18)
|
(14)
|
(6)
|
(2)
|
3
|
6
|
9
|
(5)
|
(8)
|
(12)
|
(17)
|
(0)
|
|
Income from Continuing Operations |
(6)
|
(7)
|
(15)
|
(18)
|
(16)
|
(23)
|
(24)
|
(34)
|
(83)
|
(84)
|
(117)
|
(146)
|
(87)
|
(85)
|
(50)
|
(5)
|
7
|
19
|
24
|
39
|
39
|
32
|
32
|
14
|
18
|
11
|
22
|
43
|
39
|
51
|
45
|
29
|
18
|
2
|
(17)
|
(32)
|
(60)
|
(60)
|
(58)
|
(49)
|
(18)
|
|
Net Income (Common) |
(6)
N/A
|
(7)
-15%
|
(15)
-104%
|
(18)
-21%
|
(16)
+11%
|
(23)
-49%
|
(24)
-3%
|
(34)
-43%
|
(83)
-144%
|
(84)
-2%
|
(117)
-39%
|
(146)
-25%
|
(87)
+40%
|
(85)
+2%
|
(50)
+42%
|
(5)
+89%
|
(3)
+40%
|
9
N/A
|
13
+56%
|
29
+115%
|
39
+36%
|
32
-19%
|
32
0%
|
14
-57%
|
18
+30%
|
11
-37%
|
22
+94%
|
43
+95%
|
39
-10%
|
51
+32%
|
45
-13%
|
29
-34%
|
18
-40%
|
2
-87%
|
(17)
N/A
|
(32)
-85%
|
(60)
-87%
|
(60)
0%
|
(58)
+3%
|
(49)
+15%
|
(18)
+64%
|
|
EPS (Diluted) |
-0.79
N/A
|
-0.84
-6%
|
-1.42
-69%
|
-1.66
-17%
|
-1.56
+6%
|
-2.2
-41%
|
-2.27
-3%
|
-3.2
-41%
|
-7.82
-144%
|
-7.2
+8%
|
-9.51
-32%
|
-11.86
-25%
|
-7.2
+39%
|
-6.92
+4%
|
-4.03
+42%
|
-0.43
+89%
|
-0.26
+40%
|
0.69
N/A
|
0.99
+43%
|
1.77
+79%
|
2.74
+55%
|
1.95
-29%
|
2.17
+11%
|
0.95
-56%
|
1.14
+20%
|
0.77
-32%
|
1.35
+75%
|
2.48
+84%
|
2.37
-4%
|
2.82
+19%
|
2.43
-14%
|
1.6
-34%
|
0.97
-39%
|
0.14
-86%
|
-1.04
N/A
|
-1.92
-85%
|
-3.62
-89%
|
-3.61
+0%
|
-3.36
+7%
|
-2.85
+15%
|
-1.03
+64%
|