Turtle beach corporation (HEAR)
Income statement / TTM
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

224,824

234,663

207,326

221,408

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue, Net

-

-

-

-

-

-

-

-

-

-

-

0

164,302

-

176,333

173,836

167,086

162,747

170,455

167,893

167,577

186,176

180,027

185,001

187,225

178,470

0

0

0

-

-

-

-

-

-

-

-

-

-

Product sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

501

545

528

349

252

222

152

0

0

-

0

-

-

0

Other revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

16

22

23

24

11

7

0

0

-

0

-

-

0

Net revenue

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

522

562

550

373

277

233

160

0

0

-

0

-

-

0

Cost of revenue

150,113

155,950

158,326

170,571

182,940

178,738

160,058

139,570

111,853

98,132

100,380

111,400

122,838

131,368

139,322

131,188

126,149

122,056

128,562

127,815

126,070

135,509

69,089

73,166

73,899

68,795

68,813

39,209

21,030

149

120

70

0

0

-

0

-

-

0

Gross profit

74,711

78,713

85,892

101,351

108,457

108,699

95,756

77,792

63,816

51,003

51,263

42,652

41,464

42,610

37,011

42,648

40,937

40,691

41,893

40,078

41,507

50,667

24,887

25,784

27,275

23,624

23,647

15,026

8,720

128

113

90

0

0

-

0

-

-

0

Operating expenses:
Selling and marketing

39,401

38,634

35,706

34,073

33,341

32,389

30,085

27,154

25,865

24,385

24,399

25,829

27,421

28,572

29,717

29,843

29,683

31,829

32,631

33,451

34,188

33,442

32,522

32,225

32,939

31,645

0

0

0

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,934

4,602

4,648

4,543

3,825

3,247

2,538

1,359

781

572

487

0

0

0

Research and development

8,827

7,856

6,943

6,145

5,738

5,611

5,220

5,156

5,526

5,587

5,981

7,282

7,625

8,259

9,616

9,942

10,726

11,556

11,175

11,009

10,256

9,400

7,405

5,635

4,889

3,778

3,630

3,041

2,120

1,501

1,340

1,089

867

752

647

477

0

0

0

General and administrative

22,870

21,796

20,804

19,653

17,322

16,658

15,871

15,307

15,514

15,700

16,159

17,251

18,468

19,580

20,521

21,323

22,027

21,484

20,701

19,619

18,326

17,159

15,253

12,590

9,552

8,349

0

0

0

-

-

-

-

-

-

-

-

-

-

Impairment of Intangible Assets, Finite-lived

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and Intangible Asset Impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Restructuring charges

-

-

-

-

-

-

-

-

-

533

609

707

737

664

627

115

299

399

1,083

1,256

1,072

747

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business transaction costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,744

5,351

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Business transaction costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

Total operating expenses

71,098

68,286

63,453

59,871

56,401

54,658

51,200

47,882

47,140

46,205

47,148

83,153

117,487

120,311

173,539

142,197

112,557

115,090

65,590

65,335

63,358

64,492

48,636

45,513

43,607

35,771

34,295

23,643

13,296

5,326

4,587

3,628

2,227

1,534

1,220

982

0

0

0

Operating income (loss)

3,613

10,427

22,439

41,480

52,056

54,041

44,556

29,910

16,676

4,798

4,115

-40,501

-76,023

-77,701

-136,528

-99,549

-71,620

-74,399

-23,697

-25,257

-21,851

-13,825

-23,748

-19,728

-16,331

-12,146

-10,647

-8,616

-4,575

-5,198

-4,474

-3,498

-2,110

-1,450

-1,176

-956

0

0

0

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

8

0

0

0

-

-

0

0

-

-

-

-

-

Interest expense

854

929

1,574

2,427

3,574

5,335

6,555

7,504

8,081

7,916

7,833

7,657

7,508

7,447

7,272

6,946

6,094

5,099

4,206

3,532

3,753

7,209

6,162

7,313

7,507

4,581

4,580

0

0

0

-

-

0

-

-

-

-

-

-

Interest and note discount amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-308

0

0

0

0

Other non-operating expense (income), net

350

2,209

2,534

2,737

-6,362

-7,779

-8,937

-8,586

657

463

-509

-1,087

-2,005

-2,421

-1,782

-1,803

-753

-1,016

-1,114

-1,101

-1,377

-724

-240

310

156

-257

-257

-482

-391

-3

-2

1

-4

-3

-2

1

0

0

0

Income (loss) before income tax

3,109

11,707

13,140

14,183

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

0

0

0

Income before income tax

-

-

-

-

-

-

-

-

9,252

-

-4,227

-49,245

-85,536

-87,569

-145,582

-108,298

-78,467

-80,514

-29,017

-29,890

-26,981

-21,758

-18,239

-14,819

-11,770

-5,073

0

0

0

-

-

-

-

-

-

-

-

-

-

Income tax expense (benefit)

-8,225

-6,237

1,227

1,562

1,837

1,737

257

437

612

593

1,051

340

-439

-387

337

8,702

5,858

2,393

4,994

-6,121

-3,808

-6,272

-1,274

-2,090

-5,005

1,090

0

0

0

-

-

-

-

-

-

-

-

-

-

Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

-2

7

15

14

12

-152

0

0

-

0

-

-

-

Net income (loss)

11,334

17,944

22,172

40,228

40,283

39,190

28,807

13,383

8,640

-3,248

-5,278

-49,585

-85,097

-87,182

-145,919

-117,000

-84,325

-82,907

-34,011

-23,769

-23,173

-15,486

-20,600

-16,364

-10,400

-9,798

-8,296

-8,156

-6,525

-5,183

-4,462

-3,498

-2,275

-1,689

-1,484

-1,259

0

0

0

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

-

-