Turtle beach corporation (HEAR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Jun'10
Net revenue

35,007

101,764

46,723

41,330

44,846

-

74,427

60,805

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue, Net

-

-

-

-

-

-

-

-

-

-

-

19,112

14,352

-

38,384

29,362

24,028

84,559

35,887

22,612

19,689

92,267

33,325

22,296

38,288

86,118

38,299

24,520

29,533

-

-

-

-

-

-

-

-

-

-

Product sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

87

211

152

94

69

33

55

63

-

0

-

-

167

Other revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

0

0

2

14

5

0

3

1

-

1

-

-

7

Net revenue

-

-

-

-

-

-

-

-

40,886

-

35,975

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67

87

211

155

108

74

34

59

64

-

1

-

-

174

Cost of revenue

24,222

66,052

31,680

28,159

30,059

68,428

43,925

40,528

25,857

49,748

23,437

12,811

12,136

51,996

34,457

24,249

20,666

59,950

26,323

19,210

16,573

66,456

25,576

17,465

26,012

36

29,653

18,198

20,908

54

49

18

27

24

-

0

-

-

149

Gross profit

10,785

35,712

15,043

13,171

14,787

42,891

30,502

20,277

15,029

29,948

12,538

6,301

2,216

30,208

3,927

5,113

3,362

24,609

9,564

3,402

3,116

25,811

7,749

4,831

12,276

31

8,646

6,322

8,625

54

25

15

32

39

-

1

-

-

24

Operating expenses:
Selling and marketing

7,648

14,053

10,150

7,550

6,881

11,125

8,517

6,818

5,929

8,821

5,586

5,529

4,449

8,835

7,016

7,121

5,600

9,980

7,142

6,961

7,746

10,782

7,962

7,698

7,000

9,862

7,665

8,412

5,706

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,248

810

1,431

1,443

916

857

1,325

725

338

148

146

147

129

63

Research and development

2,427

2,468

2,198

1,734

1,456

1,555

1,400

1,327

1,329

1,164

1,336

1,697

1,390

1,558

2,637

2,040

2,024

2,915

2,963

2,824

2,854

2,534

2,797

2,071

1,998

539

1,027

1,325

887

391

437

404

267

230

187

182

152

126

16

General and administrative

5,723

5,739

5,214

6,194

4,649

4,747

4,063

3,863

3,985

3,960

3,499

4,070

4,171

4,419

4,591

5,287

5,283

5,360

5,393

5,991

4,740

4,577

4,311

4,698

3,573

2,671

1,648

1,660

2,370

-

-

-

-

-

-

-

-

-

-

Impairment of Intangible Assets, Finite-lived

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,084

31,152

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and Intangible Asset Impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

Restructuring charges

-

-

-

-

-

-

-

-

-

24

241

-30

298

100

339

0

225

63

-173

184

325

747

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business transaction costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-484

4,228

-

1,607

-

-

-

-

-

-

-

-

-

-

-

-

Business transaction costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

996

-

680

0

0

-

-

-

-

-

-

-

-

-

Total operating expenses

15,798

22,260

17,562

15,478

12,986

17,427

13,980

12,008

11,243

13,969

10,662

11,266

10,308

14,912

46,667

45,600

13,132

68,140

15,325

15,960

15,665

18,640

15,070

13,983

16,799

2,784

11,947

12,077

8,963

1,308

1,294

1,730

993

569

335

328

300

255

97

Operating income (loss)

-5,013

13,452

-2,519

-2,307

1,801

25,464

16,522

8,269

3,786

15,979

1,876

-4,965

-8,092

15,296

-42,740

-40,487

-9,770

-43,531

-5,761

-12,558

-12,549

7,171

-7,321

-9,152

-4,523

-2,752

-3,301

-5,755

-338

-1,253

-1,269

-1,714

-960

-529

-293

-327

-300

-255

-73

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

1

2

3

-

-

0

0

-

-

-

-

-

Interest expense

169

334

240

111

244

979

1,093

1,258

2,005

2,199

2,042

1,835

1,840

2,116

1,866

1,686

1,779

1,941

1,540

834

784

1,048

866

1,055

4,240

1

2,017

1,249

1,314

0

-

-

0

-

-

-

-

-

-

Interest and note discount amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-158

-75

-70

0

Other non-operating expense (income), net

-197

779

-302

70

1,662

1,104

-99

-9,029

245

-54

252

214

51

-1,026

-326

-704

-365

-387

-347

346

-628

-485

-334

70

25

-1

217

-84

-389

-1

-7

6

-0

-1

-3

0

0

0

0

Income (loss) before income tax

-5,379

13,897

-3,061

-2,348

3,219

-

15,330

-2,018

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,703

-

-

-

-

-

-

-

-74

-70

0

Income before income tax

-

-

-

-

-

-

-

-

2,026

-

86

-6,586

-9,881

12,154

-44,932

-42,877

-11,914

-45,859

-7,648

-13,046

-13,961

5,638

-8,521

-10,137

-8,738

9,157

-5,101

-7,088

-2,041

-

-

-

-

-

-

-

-

-

-

Income tax expense (benefit)

-1,824

-6,489

63

25

164

975

398

300

64

-505

578

475

45

-47

-133

-304

97

677

8,232

-3,148

-3,368

3,278

-2,883

-835

-5,832

8,276

-3,699

-3,750

263

-

-

-

-

-

-

-

-

-

-

Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-2

-1

0

1

7

6

-0

-1

-

-157

-

-

-

Net income (loss)

-3,555

20,386

-3,124

-2,373

3,055

24,614

14,932

-2,318

1,962

14,231

-492

-7,061

-9,926

12,201

-44,799

-42,573

-12,011

-46,536

-15,880

-9,898

-10,593

2,360

-5,638

-9,302

-2,906

-2,754

-1,402

-3,338

-2,304

-1,252

-1,262

-1,707

-961

-531

-298

-484

-375

-325

-73

Net income (loss) per share
Basic (in dollars per share)

-0.25

1.41

-0.22

-0.16

0.21

1.84

1.07

-0.17

0.16

1.16

-0.04

-0.57

-0.81

-5.15

-0.91

-0.86

-0.26

-1.10

-0.38

-0.23

-0.25

0.06

-0.13

-0.23

-0.09

0.06

-0.11

-0.26

-0.18

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-0.25

1.33

-0.22

-0.16

0.09

1.84

0.91

-0.17

0.16

1.16

-0.04

-0.57

-0.81

-5.15

-0.91

-0.86

-0.26

-1.10

-0.38

-0.23

-0.25

0.06

-0.13

-0.23

-0.09

0.06

-0.11

-0.26

-0.18

-

-

-

-

-

-

-

-

-

-

Weighted average number of shares:
Basic (in shares)

14,495

14,504

14,506

14,586

14,336

14,281

14,019

13,401

12,347

12,347

12,347

12,337

12,313

-96,492

49,230

49,230

46,624

42,524

42,325

42,188

42,039

42,156

41,962

40,827

33,715

12,700

12,700

12,700

12,700

-

-

-

-

-

-

-

-

15,306

15,306

Diluted (in shares)

14,495

17,400

14,506

14,586

16,260

15,157

16,229

13,401

12,369

12,347

12,347

12,337

12,313

-96,492

49,230

49,230

46,624

42,524

42,325

42,188

42,039

42,156

41,962

40,827

33,715

12,700

12,700

12,700

12,700

-

-

-

-

-

-

-

-

-

-

Goodwill, Impairment Loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss per basic and diluted common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.39

-0.38

-0.28

-0.30

-0.20

-0.22

-0.27

-0.22

-0.14

-0.16

-0.14

-0.12

-0.02

0.00

Weighted average common shares used to compute net loss per basic and diluted common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,037

6,805

6,700

6,434

6,409

6,405

6,328

4,385

3,911

-

3,461

3,225

-

-