Turtle Beach Revenue Declines
For the nine months ending 9/30/22 Turtle Beach (NASDAQ: HEAR) reported a 46% revenue decline. Revenue for the first nine months of 2022 was $139 million, versus $257 million in the first nine months of 2021. For the first nine months of 2022 Turtle Beach reported a net loss of $36 million versus net income for the comparable 2021 period.
Analysis
The hardware and accessories business has been hammered on several levels this year. Har.....