Turtle Beach Corp
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
TBCH$15.19-8.8%Stored close · as of Nov 6, 2026
Contents
Item 1. Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (unaudited) | ||
| ASSETS · (in thousands, except par value and share amounts) | ||
| Current Assets: | ||
| Cash and cash equivalents | $13,803 | $18,726 |
| Accounts receivable, net | 70,703 | 54,390 |
| Inventories | 102,263 | 44,019 |
| Prepaid expenses and other current assets | 9,686 | 7,720 |
| Total Current Assets | 196,455 | 124,855 |
| Property and equipment, net | 5,753 | 4,824 |
| Goodwill | 56,700 | 10,686 |
| Intangible assets, net | 44,544 | 1,734 |
| Other assets | 9,749 | 7,868 |
| Total Assets | $313,201 | $149,967 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Revolving credit facility | $58,626 | $— |
| Accounts payable | 66,394 | 26,908 |
| Other current liabilities | 30,689 | 29,424 |
| Total Current Liabilities | 155,709 | 56,332 |
| Debt, non-current | 45,696 | — |
| Income tax payable | 1,489 | 1,546 |
| Other liabilities | 8,488 | 7,012 |
| Total Liabilities | 211,382 | 64,890 |
| Commitments and Contingencies | ||
| Stockholders’ Equity | ||
| Common stock, $0.001 par value - 25,000,000 shares authorized; 20,079,323 and 17,531,702 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 20 | 18 |
| Additional paid-in capital | 239,345 | 220,185 |
| Accumulated deficit | (138,233) | (134,277) |
| Accumulated other comprehensive income (loss) | 687 | (849) |
| Total Stockholders’ Equity | 101,819 | 85,077 |
| Total Liabilities and Stockholders’ Equity | $313,201 | $149,967 |
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