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   Technology StocksTurtle Beach Corp


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From: Savant4/9/2018 9:18:50 PM
   of 199
 
Gfinity to Use Turtle Beach's Elite Pro Headsets Exclusively for the Elite Series Throughout 2018

SAN DIEGO, March 13, 2018 /PRNewswire/ -- In its ongoing commitment to esports, leading gaming headset and audio accessory brand Turtle Beach today announced a new partnership with Gfinity plc (AIM: GFIN) -- a leading international esports entertainment group. The partnership sees Turtle Beach become the official audio partner of the Gfinity Elite Series for Season Three and Season Four.

Starting with the open-to-all Challenger Series, the Gfinity Elite Series provides opportunities for gamers to be drafted to the ranks of top pro teams, who then compete weekly over the season to become Elite Series Champions. The competition will take place live in the Gfinity Esports Arena in London.

At the arena, the 10 pro teams will be using Turtle Beach's unparalleled Elite Pro Tournament Gaming Headset and Tactical Audio Controller, which are tailor-made for esports athletes. The Elite Pro delivers best-in-class audio performance for game sound and team chat, plus innovative comfort-driven technologies to ensure players stay comfortable and cool under pressure.

The Gfinity Elite Series Season Three started on Friday, March 9, 2018 with EA SPORTS' FIFA 18 joining existing favourites Street Fighter V and Rocket League. The regular season is played over five weeks, culminating in a three-week final as teams compete for their share of a GBP250,000 prize pool.

"We aim to support esports at every level, from grass roots to pro players, and this is a core value shared by Gfinity and the Elite Series -- making this partnership a perfect match," said Julian Woods, Managing Director Turtle Beach EU. "Using the best equipment is crucial to finding success in esports, and we're extremely happy Gfinity sees our Elite Pro as the path to delivering the best possible audio experience for the Elite Series competitors."

"We are delighted to announce Turtle Beach as a commercial partner for Gfinity Elite Series in 2018," said Neville Upton, Chief Executive of Gfinity. "The Elite Pro is the preferred choice for pro gamers, offering exceptional comfort and crisper sound that will take this year's series to another level in performance."

For more information about the Gfinity Challenger season, which is free and open to everyone, please visit challenger.gfinityesports.com. For additional details on the entire EA SPORTS FIFA 18 Global Series, please visit www.FUTChampions.com.

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From: Savant4/9/2018 9:20:32 PM
   of 199
 
SAN DIEGO, April 6, 2018 /PRNewswire/ -- Turtle Beach Corporation (NASDAQ: HEAR), a leading gaming headset and audio accessory company, is announcing that its board of directors have approved a 1-for-4 reverse split of its common stock, effective as of the close of business today.

As a result of the reverse stock split, every four shares of the Company's common stock will be converted into one share of common stock, reducing the number of issued and outstanding shares from approximately 49.4 million to approximately 12.4 million. No fractional shares of common stock will be issued in connection with the reverse stock split, and any fractional shares created as a result of the reverse stock split will be rounded up to one additional whole share. The number of Turtle Beach's authorized shares and the number of shares issuable upon vesting or the exercise of equity awards such as stock options and other derivative securities, along with the corresponding exercise prices thereof, will each be proportionally adjusted.

Turtle Beach expects its common stock to commence trading on a split-adjusted basis as of the open of trading on Monday, April 9, 2018. Turtle Beach's trading symbol will remain "HEAR."

"Today's reverse stock split will enable Turtle Beach to regain compliance with NASDAQ's continued listing standards regarding bid price and allow us to remain focused on furthering our position as the leader in console gaming headsets," Juergen Stark, CEO, Turtle Beach. "We believe we remain well positioned to do so with the broadest portfolio of products and an improved balance sheet, underpinned by a very robust North American and European console gaming market."

The Company's common stock will trade under a new CUSIP number (900450 206) following the effectiveness of the reverse stock split.

About Turtle Beach Corporation

Turtle Beach (www.turtlebeach.com) has been revolutionizing console multiplayer gaming since the very beginning with its wide selection of industry-leading, award-winning gaming headsets. Whether you're a professional eSports athlete, hardcore gamer, casual player, or just starting out, Turtle Beach has the gaming headset to help you truly master your skills. Innovative and advanced technology, amazing audio quality, clear communication, lightweight and comfortable designs, and ease-of-use are just a few features that have made Turtle Beach a fan-favorite brand for gamers the world over. Made for Xbox and PlayStation(R) consoles as well as for PC, Mac(R), and mobile/tablet devices, having a Turtle Beach gaming headset in your arsenal gives you the competitive advantage. The Company's shares are traded on the NASDAQ Exchange under the symbol: HEAR.

Cautionary Note on Forward-Looking Statements

This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions, or beliefs about future events. Statements containing the words "may", "could", "would", "should", "believe", "expect", "anticipate", "plan", "estimate", "target", "project", "intend" and similar expressions constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Forward-looking statements are based on management's current belief, as well as assumptions made by, and information currently available to, management.

While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to the impact of the reverse stock split on the trading price and volume of the Company's common stock, the Company's liquidity, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the implementation of any businesses we acquire, our indebtedness, the Company's continued listing on the Nasdaq, and other factors discussed in our public filings, including the risk factors included in the Company's most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company's other periodic reports. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments, or otherwise.

All trademarks are the property of their respective owners.

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From: Savant4/9/2018 9:25:47 PM
   of 199
 
SAN DIEGO, April 9, 2018 /PRNewswire/ -- Turtle Beach Corporation (NASDAQ: HEAR), a leading gaming headset and audio accessory company, is providing selected preliminary results for the first quarter ended March 31, 2018. Per share information reflects the Company's 1-for-4 reverse split effective April 6, 2018.

Based on preliminary unaudited information, Turtle Beach expects to report first quarter 2018 net revenue ranging between $39.5 and $40.5 million (prior guidance of approximately $29 million), up 174%-181% compared to $14.4 million in the first quarter of 2017.

Net income in the first quarter of 2018 is expected to range between $(0.05) and $0.03 per share (prior guidance of approximately $(0.48) per share on a split-adjusted basis), up significantly compared to $(0.81) per share in the first quarter of 2017 on a split-adjusted basis.

The Company expects adjusted EBITDA in the first quarter of 2018 to range between $3.5 and $4.5 million (prior guidance of $(1.5) million), up significantly compared to $(6.2) million in the first quarter of 2017.

"The strong start we experienced early in the first quarter has accelerated, further increasing our significant Q1 growth," said Juergen Stark, CEO, Turtle Beach. "The blockbuster releases of Fortnite and PlayerUnknown's Battlegrounds have helped fuel strong consumer demand, driving new gamers into the market and increasing headset attach rates. In parallel, we've gained additional market share resulting in substantial Q1 growth that exceeded healthy console headset market growth, translating into strong expected revenue and earnings growth, both relative to last year and our prior outlook.

"In fact, according to gaming console headset market data in NPD's North American video games update, year-to-date through February 2018 we grew our revenue share 640 basis points to 45.4% versus 39.0% in the same period in 2017. While the market was up 67% on a sell-through basis during the same time period, Turtle Beach was up 94%. The U.K. has shown similar trends, with our revenue share in the first three months of 2018 climbing to 55.8% from 42.5% in the same period in 2017.

"Turtle Beach has continued to outpace a healthy market with a product portfolio for every gamer, global distribution and retail partnerships, all supported by strong marketing and merchandising. We expect our first quarter results to enable further reduction in our debt over time and selective growth investments, setting the stage for a strong 2018."

Turtle Beach expects to update its full year outlook when it announces its first quarter 2018 earnings, which is expected to be released in early May.

Important Note on First Quarter 2018 Preliminary Estimates:

The financial information included herein for the first quarter of 2018 are preliminary, unaudited estimates and may change materially, including as a result of the finalization of financial statements for the Company's first quarter ended March 31, 2018, review of inventory levels that could require additional reserves, review of sales-related reserves, completion of review procedures performed by the Company's independent registered public accounting firm, and other factors and adjustments related to the Company's financial reporting process. The preceding estimates are based on the Company's internal estimates and information available as of the date hereof. There can be no assurance that our final results for the quarter will not differ from these estimates and that such changes will not be material; accordingly, these statements should not be viewed or relied upon as a substitute for complete financial statements to be prepared in accordance with generally accepted accounting principles (GAAP) and filed with the Securities and Exchange Commission or as a measure of our actual performance. The Company's final results for the first quarter of 2018 are expected to be released in early May.

With respect to the Company's preliminary, expected adjusted EBITDA in the first quarter of 2018, a reconciliation to net income has not been provided because certain reconciling items between adjusted EBITDA and net income cannot be reasonably and accurately predicted at this time without unreasonable effort and the investment of undue time, cost and other resources. Accordingly, the Company will include a reconciliation of non-GAAP measures to the related GAAP measure in the release reporting the Company's final results for the first quarter.

About Turtle Beach Corporation

Turtle Beach (www.turtlebeach.com) has been revolutionizing console multiplayer gaming since the very beginning with its wide selection of industry leading, award-winning gaming headsets. Whether you're a professional esports athlete, hardcore gamer, casual player, or just starting out, Turtle Beach has the gaming headset to help you truly master your skills. Innovative and advanced technology, amazing audio quality, clear communication, lightweight and comfortable designs, and ease-of-use are just a few features that have made Turtle Beach a fan-favorite brand for gamers the world over. Made for Xbox and PlayStation(R) consoles as well as for PC, Mac(R), and mobile/tablet devices, having a Turtle Beach gaming headset in your arsenal gives you the competitive advantage. The Company's shares are traded on the NASDAQ Exchange under the symbol: HEAR.

Cautionary Note on Forward-Looking Statements

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From: Savant5/11/2018 11:44:54 AM
   of 199
 
HEAR under $2 in March, over $14 today....earnings jump

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From: Savant5/21/2018 9:47:34 PM
   of 199
 
HEAR...licensed out HSS to WAVE Systems...///SA report>>
seekingalpha.com

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From: Savant5/24/2018 6:53:54 PM
   of 199
 
Transaction Eliminated a Nearly $20 million Liability Included Registration Rights for 1,857,143 Shares

SAN DIEGO, May 23, 2018 /PRNewswire/ -- Turtle Beach Corporation (NASDAQ: HEAR), the leading gaming headset and audio accessory brand, today announced it has filed a registration statement for 1,857,143 shares issued in connection with the April 26, 2018 transaction that retired $19.3 million in Series B Preferred Stock of Turtle Beach's subsidiary, VTB Holdings, Inc. These shares were issued to The Special Situations Funds and 180 Degree Capital Corp. as part of that transaction, which included an agreement to register the new shares.

Juergen Stark, CEO, Turtle Beach commented, "Last month we facilitated the Series B exchange transaction, which retired a nearly $20 million liability at a discount of more than 50%, and we are filing the registration statement to satisfy our obligation to the stockholders who received shares in the transaction."

For more information, please see the registration statement on Form S-3 filed on May 22, 2018 with the Securities and Exchange Commission.

About Turtle Beach Corporation

Turtle Beach (www.turtlebeach.com and corp.turtlebeach.com) has been revolutionizing console multiplayer gaming since the very beginning with its wide selection of industry leading, award-winning gaming headsets. Whether you're a professional esports athlete, hardcore gamer, casual player or just starting out, Turtle Beach has the gaming headset to help you truly master your skills. Amazing audio quality, crystal-clear communication, lightweight and comfortable designs, innovative and advanced technology, and ease-of-use are just a few features that have made Turtle Beach a fan-favorite brand for gamers the world over. Made for Xbox and PlayStation(R) consoles as well as for PC and mobile devices, having a Turtle Beach gaming headset in your arsenal gives you the competitive advantage. The Company's shares are traded on the NASDAQ Exchange under the symbol: HEAR.

Cautionary Note on Forward-Looking Statements

This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions, or beliefs about future events. Statements containing the words "may", "could", "would", "should", "believe", "expect", "anticipate", "plan", "estimate", "target", "project", "intend" and similar expressions constitute forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Forward-looking statements are based on management's current belief, as well as assumptions made by, and information currently available to, management.

While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, the Company's liquidity, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the implementation of any businesses we acquire, our indebtedness, the Company's continued listing on the Nasdaq, and other factors discussed in our public filings, including the risk factors included in the Company's most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company's other periodic reports. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments, or otherwise.

View original content with multimedia:http://www.prnewswire.com/news-releases/turtle-beach-files-registration-statement-for-shares-issued-in-connection-with-retirement-of-series-b-preferred-stock-300653514.html

SOURCE Turtle Beach Corporation

/CONTACT: For Investor Information, Contact: Cody Slach, Investor Relations, Liolios, 949.574.3860, hear@liolios.com; For Media Information, Contact: MacLean Marshall, Sr. Director - Brand & PR/Communications, Turtle Beach Corp., 858.914.5093, maclean.marshall@turtlebeach.com

/Web site: turtlebeachcorp.com

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From: Savant8/23/2018 10:43:20 AM
   of 199
 
Designed in Collaboration with the World's Leading Esports Teams, Turtle Beach's New Atlas Line Features Three New Models Built for PC Gamers, Including the Pro-Level Elite Atlas, Amplified Atlas Three, and Atlas One

SAN DIEGO, Aug. 16, 2018 /PRNewswire/ -- Turtle Beach (NASDAQ: HEAR), a global leader in gaming audio, today revealed plans for expanding the company's portfolio of high-quality, award-winning gaming headsets with a focus on the PC market. Designed in collaboration with leading esports teams, including Astralis, OpTic Gaming, and the Houston Outlaws, Turtle Beach's Atlas line is built for PC gamers and features three different models -- the Elite Atlas Pro Performance Gaming Headset, the powerful Atlas Three Amplified PC Gaming Headset, and the Atlas One PC Gaming Headset. Furthering Turtle Beach's commitment to designing headsets for all gamers, each Atlas product offers PC players an innovative set of features, functionality and pricing, starting with the Elite Atlas with a MSRP of $99.95, and the Atlas Three and Atlas One with MSRPs of $79.95 and $49.95, respectively. All three Atlas gaming headsets are available for pre-order at participating retailers starting today and are planned to launch at the end of September 2018. Read below for full details of each Atlas PC gaming headset.

"Turtle Beach is a leading gaming audio brand because we constantly innovate to design high-quality headsets with features that gamers want, so we're clearly excited to extend our portfolio with the Atlas products for PC gamers," said Juergen Stark, CEO, Turtle Beach Corporation. "This expansion is a great move for us because in addition to our already strong performance in console gaming headsets, we'll now have the ability to attract both dedicated and cross-platform PC gamers through our new Atlas lineup."

Turtle Beach has been a consistent market leader in console gaming headsets, currently with 45.5% revenue share year-to-date through June 2018(1) (per NPD's latest U.S. and Canada console gaming headset update), and has held over 40% market share for the past nine consecutive years, current year-to-date included. However, Turtle Beach is no stranger to the PC market, as the company was a pioneering force through the early days of PC audio, with products including the first midi synthesizers and a variety of PC sound cards in the 1980s and 90s. Since then, the company has evolved with the times, and in 2005 Turtle Beach launched the first ever console gaming headset, setting out to become the leading gaming audio brand it is today, thanks to its continued efforts in innovation, broad product catalog, and strong retail partnerships and distribution channels. During that time, Turtle Beach has created a handful of well-received PC gaming headsets, but the company's core focus has primarily been on the console business, until now.

Stark continued, "When we set out on the path to grow our presence in PC, it included conducting consumer research and working with our partners on key design elements, resulting in what we believe is a great first assortment of PC headsets. Each Atlas headset -- whether at the $50, $80, or $100 price point -- offers PC gamers the audio performance and comfort Turtle Beach is known for. Moving forward we intend to leverage our technology, innovation, and best practices, to continue leading the console gaming headset business through our Recon, Stealth and Elite products, with equal focus and energy behind our new Atlas line that's built for PC gamers."

"As a player and as a team, it's a privilege to have worked with Turtle Beach in the making of the Elite Atlas and the rest of their new Atlas line," said Nicolai "dev1ce" Reedtz of Astralis. "We tested and provided a lot of feedback and suggestions during the development process in an effort to ensure the Elite Atlas is the best possible headset for PC esports pros, but also for any PC gamers. We're excited to be a part of the whole process and can't wait until gamers can get Turtle Beach's Atlas headsets."

"The continued rise of esports has put tremendous pressure on organizations to deliver exceptionally high audio quality," said Ryan Musselman, SVP of Global Partnerships, Infinite Esports & Entertainment. "Turtle Beach continues to deliver pro-level audio for the competitive gamer, and the Atlas PC headsets provide a reliable lineup of top-tier audio performance for the aspiring, established, and experienced esports athlete."

Additionally, fans attending PAX West and Dreamhack Montreal will have the opportunity to be some of the first gamers in the world to try out the Elite Atlas before it hits retail shelves. PAX West takes place August 31 -- September 3, 2018 in Seattle, Washington where Turtle Beach will have a booth where players can go head-to-head playing the latest games using Turtle Beach's latest gear. Dreamhack takes place in Montreal, Canada September 7-9, 2018, and Turtle Beach will be outfitting the show's entire PC Freeplay area with the Elite Atlas where attendees will be able to experience the headset's professional-quality game audio, crystal clear chat, and unmatched comfort.

Full Elite Atlas Pro Performance Gaming Headset Details:

The Turtle Beach(R) Elite Atlas sets a new benchmark for esports audio on PC. For pro-players and hardcore PC gamers alike, the Elite Atlas is built to win with a durable yet sleek metal headband with a suspended pad, ProSpecs(TM) glasses friendly design, and upgraded magnetic memory foam ear cushions featuring athletic fabric and synthetic leather working together to block out external noise. Audio performance centers around the Elite Atlas' pro-tuned 50mm Nanoclear(TM) speakers that deliver immersive Windows Sonic for Headphones(2) surround sound, and the removable high-sensitivity mic with TruSpeak(TM) technology for flawless communication with teammates. Finally, the Elite Atlas goes wherever gaming takes you with included 3.5mm and PC-splitter cables that connect to any PC setup.

Full Atlas Three Amplified Gaming Headset Details:

The Turtle Beach(R) Atlas Three PC gaming headset delivers powerful amplified Windows Sonic for Headphones(2) surround sound to immerse you in your games, movies, and music. The Atlas Three features large 50mm speakers for game audio and Turtle Beach's high-sensitivity flip-to-mute mic for crystal-clear chat. For added durability and comfort, the Atlas Three dawns a metal-reinforced frame with Turtle Beach's unique ProSpecs(TM) glasses friendly design, along with a breathable fabric-wrapped headband and memory foam ear cushions. Additionally, the Atlas Three offers Variable Mic Monitoring so you can hear and adjust the volume of your voice inside the headset to avoid shouting at other players, plus audio presets including Vocal Boost, and a rechargeable battery that delivers over 40-hours of gaming per use.

Full Atlas One Gaming Headset Details:

The Turtle Beach(R) Atlas One gaming headset is built for battle, delivering immersive Windows Sonic for Headphones(2) surround sound and crystal-clear chat through its high-quality 40mm speakers and high-sensitivity flip-to-mute mic. The Atlas One also features a lightweight design with a metal-reinforced headband and ProSpecs(TM) glasses friendly synthetic leather-wrapped memory foam ear cushions to provide added durability and unmatched comfort for those all-nighters.

For more information on the latest Turtle Beach products and accessories, visit www.turtlebeach.com and be sure to follow Turtle Beach on Facebook, Twitter and Instagram.

About Turtle Beach Corporation

Turtle Beach (www.turtlebeach.com) has been transforming console multiplayer gaming since the very beginning with its wide selection of industry-leading, award-winning gaming headsets. Whether you're a professional esports athlete, hardcore gamer, casual player, or just starting out, Turtle Beach has the gaming headset to help you truly master your skills. Innovative and advanced technology, amazing high-quality gaming audio, clear communication, lightweight and comfortable designs, and ease-of-use are just a few features that have made Turtle Beach a fan-favorite brand for gamers the world over. Made for Xbox, PlayStation(R) , and Nintendo consoles as well as for PC, Mac(R) , and mobile/tablet devices, having a Turtle Beach gaming headset in your arsenal gives you the competitive advantage. The Company's shares are traded on the NASDAQ Exchange under the symbol: HEAR.

Cautionary Note on Forward-Looking Statements

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From: Savant8/23/2018 10:46:14 AM
   of 199
 
Turtle Beach Sets September 2018 Investor Conference Schedule

SAN DIEGO, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Turtle Beach Corporation (NASDAQ: HEAR), the leading gaming headset and audio accessory brand, is scheduled to attend the following investor conferences in September.

Liolios 7(th) Annual Gateway Conference

Where: Four Seasons Hotel, San Francisco

When: September 5-6, 2018

Presentation Time: September 5(th) , 8:30 AM PT

Conference Website: Gateway-Conference.com

Webcast: Gateway Conference Webcast

Lake Street 2018 Best Ideas Growth (BIG) Conference

Where: Parker New York

When: September 13, 2018

Presentation Time: 1x1 and Small Group Meetings Only

Conference Website: Lake Street NYC BIG Conference

To receive additional information, please contact Liolios at HEAR@liolios.com, or your Lake Street representative.

About Turtle Beach Corporation

Turtle Beach (www.turtlebeach.com) has been transforming console multiplayer gaming since the very beginning with its wide selection of industry-leading, award-winning gaming headsets. Whether you're a professional esports athlete, hardcore gamer, casual player, or just starting out, Turtle Beach has the gaming headset to help you truly master your skills. Innovative and advanced technology, amazing high-quality gaming audio, clear communication, lightweight and comfortable designs, and ease-of-use are just a few features that have made Turtle Beach a fan-favorite brand for gamers the world over. Made for Xbox, PlayStation(R) and Nintendo consoles as well as for PC, Mac(R) , and mobile/tablet devices, having a Turtle Beach gaming headset in your arsenal gives you the competitive advantage. The Company's shares are traded on the NASDAQ Exchange under the symbol: HEAR.

Cautionary Note on Forward-Looking Statements

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From: Savant3/14/2019 7:31:06 PM
   of 199
 
HEAR : Turtle Beach beats by $0.02, beats on revenue
4:16 pm, Thu, Mar. 14, 2019

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From: Savant11/7/2019 9:16:56 PM
   of 199
 
HEAR lowered guidance, took a hit in afmar

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