Turtle Beach Corp
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
TBCH$15.19-8.8%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023
| June 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (unaudited) | ||
| ASSETS · (in thousands, except par value and share amounts) | ||
| Current Assets: | ||
| Cash and cash equivalents | $12,462 | $18,726 |
| Accounts receivable, net | 46,474 | 54,390 |
| Inventories | 73,347 | 44,019 |
| Prepaid expenses and other current assets | 11,380 | 7,720 |
| Total Current Assets | 143,663 | 124,855 |
| Property and equipment, net | 6,295 | 4,824 |
| Goodwill | 56,762 | 10,686 |
| Intangible assets, net | 46,683 | 1,734 |
| Other assets | 10,985 | 7,868 |
| Total Assets | $264,388 | $149,967 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Revolving credit facility | $24,029 | $— |
| Accounts payable | 48,380 | 26,908 |
| Other current liabilities | 30,827 | 29,424 |
| Total Current Liabilities | 103,236 | 56,332 |
| Debt, non-current | 45,772 | — |
| Income tax payable | 1,508 | 1,546 |
| Other liabilities | 8,611 | 7,012 |
| Total Liabilities | 159,127 | 64,890 |
| Commitments and Contingencies | ||
| Stockholders’ Equity | ||
| Common stock, $0.001 par value - 25,000,000 shares authorized; 20,753,358 and 17,531,702 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively | 21 | 18 |
| Additional paid-in capital | 247,917 | 220,185 |
| Accumulated deficit | (141,646) | (134,277) |
| Accumulated other comprehensive income (loss) | (1,031) | (849) |
| Total Stockholders’ Equity | 105,261 | 85,077 |
| Total Liabilities and Stockholders’ Equity | $264,388 | $149,967 |
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