trending Market Intelligence /marketintelligence/en/news-insights/trending/LqzNeXm6fC1rseLOtomhPA2 content esgSubNav
In This List

Turtle Beach Q1 loss narrows YOY

Blog

Greenhouse gas and gold mines - Emissions intensities unaffected by lockdowns

Blog

Q&A: U.S. Battery Storage and Global Battery Metals Trends Webinar

CASE STUDY

A Trade Finance Firm Ups Its Game With Supply Chain Intelligence

Blog

Corporate and Municipal CUSIP Request Volumes Slow in August


Turtle Beach Q1 loss narrows YOY

Turtle Beach Corp. said its normalized net income for the first quarter came to a loss of 49 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 98 cents per share.

The per-share loss narrowed 22.4% year over year from 63 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $6.0 million, compared with a loss of $7.3 million in the prior-year period.

The normalized profit margin dropped to negative 41.7% from negative 30.4% in the year-earlier period.

Total revenue decreased 40.3% year over year to $14.4 million from $24.0 million, and total operating expenses declined 34.0% year over year to $22.1 million from $33.6 million.

Reported net income totaled a loss of $9.9 million, or a loss of 81 cents per share, compared to a loss of $12.1 million, or a loss of $1.04 per share, in the prior-year period.