Turtle Historical Income Statement

HEAR Stock  USD 17.18  0.06  0.35%   
Historical analysis of Turtle Beach income statement accounts such as Total Revenue of 166.5 M or Gross Profit of 52.2 M can show how well Turtle Beach Corp performed in making a profits. Evaluating Turtle Beach income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Turtle Beach's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Turtle Beach Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Turtle Beach Corp is a good buy for the upcoming year.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Turtle Beach Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

About Turtle Income Statement Analysis

Turtle Beach Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Turtle Beach shareholders. The income statement also shows Turtle investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Turtle Beach Income Statement Chart

Turtle Beach Corp Income Statement is one of the three primary financial statements used for reporting Turtle's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Turtle Beach Corp revenue and expense. Turtle Beach Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Turtle Beach's Research Development is relatively stable compared to the past year. As of 03/28/2024, Non Operating Income Net Other is likely to grow to about 122 K, while Interest Expense is likely to drop slightly above 478.8 K.

Total Revenue

Total revenue comprises all receipts Turtle Beach Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Turtle Beach Corp. It is also known as Turtle Beach overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Turtle Beach Corp income statement and represents the costs associated with goods and services Turtle Beach provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most accounts from Turtle Beach's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Turtle Beach Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Turtle Beach Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
At this time, Turtle Beach's Research Development is relatively stable compared to the past year. As of 03/28/2024, Non Operating Income Net Other is likely to grow to about 122 K, while Interest Expense is likely to drop slightly above 478.8 K.
 2021 2022 2023 2024 (projected)
Total Operating Expenses108.0M98.8M89.2M51.7M
Cost Of Revenue238.0M191.0M183.6M114.3M

Turtle Beach income statement Correlations

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0.660.140.080.16-0.28-0.15-0.06-0.070.170.13-0.37-0.55-0.36-0.270.11-0.270.52-0.42-0.58-0.340.65-0.48-0.47-0.25
0.470.140.970.980.260.340.740.40.990.930.250.010.210.340.890.16-0.040.070.620.25-0.560.730.550.16
0.440.080.970.90.470.560.590.610.920.810.460.120.420.370.760.37-0.140.060.590.23-0.520.70.450.11
0.470.160.980.90.090.150.830.21.00.980.08-0.060.040.290.96-0.010.020.110.630.26-0.580.730.610.21
-0.25-0.280.260.470.090.91-0.20.870.15-0.040.990.740.990.24-0.110.95-0.740.00.230.1-0.220.270.01-0.07
0.02-0.150.340.560.150.91-0.240.990.21-0.010.90.420.870.36-0.080.87-0.4-0.040.150.03-0.10.21-0.11-0.16
0.27-0.060.740.590.83-0.2-0.24-0.20.790.88-0.19-0.05-0.220.250.91-0.350.010.240.710.56-0.710.780.810.49
0.14-0.070.40.610.20.870.99-0.20.270.040.850.340.830.32-0.030.83-0.33-0.060.140.03-0.080.21-0.12-0.14
0.470.170.990.921.00.150.210.790.270.960.13-0.050.090.310.940.050.010.080.620.25-0.570.730.590.19
0.440.130.930.810.98-0.04-0.010.880.040.96-0.04-0.08-0.070.240.99-0.130.050.180.660.26-0.610.730.660.25
-0.28-0.370.250.460.080.990.9-0.190.850.13-0.040.780.990.25-0.110.96-0.760.10.30.1-0.290.320.07-0.06
-0.6-0.550.010.12-0.060.740.42-0.050.34-0.05-0.080.780.790.03-0.120.72-0.980.330.380.18-0.430.350.30.1
-0.26-0.360.210.420.040.990.87-0.220.830.09-0.070.990.790.14-0.150.96-0.780.080.260.06-0.260.290.04-0.05
-0.24-0.270.340.370.290.240.360.250.320.310.240.250.030.140.240.15-0.050.220.380.46-0.260.310.31-0.06
0.420.110.890.760.96-0.11-0.080.91-0.030.940.99-0.11-0.12-0.150.24-0.220.080.190.630.32-0.620.750.690.34
-0.27-0.270.160.37-0.010.950.87-0.350.830.05-0.130.960.720.960.15-0.22-0.690.040.17-0.17-0.120.15-0.07-0.31
0.620.52-0.04-0.140.02-0.74-0.40.01-0.330.010.05-0.76-0.98-0.78-0.050.08-0.69-0.22-0.36-0.230.43-0.37-0.32-0.16
-0.13-0.420.070.060.110.0-0.040.24-0.060.080.180.10.330.080.220.190.04-0.220.370.23-0.480.410.520.09
-0.13-0.580.620.590.630.230.150.710.140.620.660.30.380.260.380.630.17-0.360.370.41-0.880.860.810.25
-0.09-0.340.250.230.260.10.030.560.030.250.260.10.180.060.460.32-0.17-0.230.230.41-0.510.50.460.76
0.160.65-0.56-0.52-0.58-0.22-0.1-0.71-0.08-0.57-0.61-0.29-0.43-0.26-0.26-0.62-0.120.43-0.48-0.88-0.51-0.95-0.89-0.44
-0.01-0.480.730.70.730.270.210.780.210.730.730.320.350.290.310.750.15-0.370.410.860.5-0.950.90.44
-0.18-0.470.550.450.610.01-0.110.81-0.120.590.660.070.30.040.310.69-0.07-0.320.520.810.46-0.890.90.32
0.09-0.250.160.110.21-0.07-0.160.49-0.140.190.25-0.060.1-0.05-0.060.34-0.31-0.160.090.250.76-0.440.440.32
Click cells to compare fundamentals

Turtle Beach Account Relationship Matchups

Turtle Beach income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization5.2M3.8M5.3M(1.8M)4.8M3.5M
Interest Expense929K467K383K1.2M504K478.8K
Total Revenue234.7M360.1M366.4M240.2M258.1M166.5M
Gross Profit78.7M133.8M128.4M49.2M74.5M52.2M
Other Operating Expenses224.2M310.9M345.9M289.8M272.9M166.0M
Operating Income7.4M49.2M15.2M(49.6M)(14.7M)(15.5M)
Ebit7.4M49.2M15.2M(49.6M)(14.7M)(14.0M)
Research Development7.9M12.3M17.5M19.1M17.1M18.0M
Ebitda12.6M52.9M20.5M(51.3M)(9.9M)(9.4M)
Cost Of Revenue156.0M226.3M238.0M191.0M183.6M114.3M
Total Operating Expenses68.3M84.6M108.0M98.8M89.2M51.7M
Income Before Tax11.7M52.5M20.1M(54.5M)(17.3M)(18.2M)
Total Other Income Expense Net4.3M3.3M4.9M(4.9M)(2.6M)(2.7M)
Net Income17.9M38.7M17.7M(59.5M)(17.7M)(16.8M)
Income Tax Expense(6.2M)13.7M2.4M5.1M338K321.1K
Selling General Administrative21.8M25.6M31.6M32.6M31.3M19.0M
Net Income From Continuing Ops17.9M38.7M17.7M(59.5M)(49.5M)(47.0M)
Non Operating Income Net Other(7.8M)2.2M3.8M101K116.2K122.0K
Net Income Applicable To Common Shares17.9M38.7M17.7M(59.5M)(68.5M)(65.1M)
Selling And Marketing Expenses38.6M46.8M58.9M47.1M43.5M42.4M
Tax Provision(6.2M)13.7M2.4M5.1M17.2M18.1M
Net Interest Income(929K)(467K)(383K)(1.2M)(830K)(871.5K)
Reconciled Depreciation5.2M5.2M5.3M5.8M5.0M5.5M

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When determining whether Turtle Beach Corp is a strong investment it is important to analyze Turtle Beach's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Turtle Beach's future performance. For an informed investment choice regarding Turtle Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Turtle Beach Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Turtle Beach Corp information on this page should be used as a complementary analysis to other Turtle Beach's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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When running Turtle Beach's price analysis, check to measure Turtle Beach's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Turtle Beach is operating at the current time. Most of Turtle Beach's value examination focuses on studying past and present price action to predict the probability of Turtle Beach's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turtle Beach's price. Additionally, you may evaluate how the addition of Turtle Beach to your portfolios can decrease your overall portfolio volatility.
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Is Turtle Beach's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Turtle Beach. If investors know Turtle will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Turtle Beach listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.73)
Earnings Share
(1.03)
Revenue Per Share
15.064
Quarterly Revenue Growth
(0.01)
Return On Assets
(0.06)
The market value of Turtle Beach Corp is measured differently than its book value, which is the value of Turtle that is recorded on the company's balance sheet. Investors also form their own opinion of Turtle Beach's value that differs from its market value or its book value, called intrinsic value, which is Turtle Beach's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Turtle Beach's market value can be influenced by many factors that don't directly affect Turtle Beach's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Turtle Beach's value and its price as these two are different measures arrived at by different means. Investors typically determine if Turtle Beach is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turtle Beach's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.