Turtle Beach (HEAR) Q4 2021 Earnings Call Transcript – The Motley Fool

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Turtle Beach ( HEAR -11.80% )
Q4 2021 Earnings Call
Mar 02, 2022, 5:00 p.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good afternoon, ladies and gentlemen, and welcome to the Turtle Beach fourth quarter and full year 2021 conference call. Delivering today’s prepared remarks are chairman and chief executive officer, Juergen Stark; and chief financial officer, John Hanson. Following the prepared remarks, the management team will open the call for questions. Before we go further, I would like to turn the call over to Alex Thompson of Gateway Investor Relations, Turtle Beach’s IR advisor, as he reads the company’s safe harbor statement that provides important cautions regarding forward-looking statements.

Alex, please go ahead.

Alex Thompson — Investor Relations

Thank you. On today’s call, we’ll be referring to the press release filed this afternoon that details the company’s full year and fourth quarter of 2021 results, which can be downloaded from the investor relations page at corp.turtlebeach.com, where you’ll also find the latest earnings presentation that supplements information discussed on today’s call. Finally, a recording of the call will be available on the investor section of the company’s website later today. Please be aware that some of the comments made during this call may include forward-looking statements within the meaning of the federal securities laws.

Statements about the company’s beliefs and expectations containing words such as may, will, could, believe, expect, anticipate, and similar expressions constitute forward-looking statements. These statements involve risks and uncertainties regarding the company’s operations and future results that could cause Turtle Beach Corporation’s results to differ materially from management’s current expectations and any forward-looking statements made during this call. 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, and numerous factors may affect actual results and may cause results to differ materially. So, the company encourages you to review the safe harbor statements and risk factors contained in today’s press release and in its filings with the Securities and Exchange Commission, including, without limitation, its annual report on Form 10-K and other periodic reports, which identify specific risk factors that also may cause actual results or events to differ materially from those described in our forward-looking statements.

The company is under no obligation to publicly update or revise any forward-looking statements after this conference call. The company also notes that on this call, they will be discussing non-GAAP financial information. The company is providing that information as a supplement information prepared in accordance with the accounting principles generally accepted in the United States or GAAP. You can find a reconciliation of these metrics to the company’s reported GAAP results in the reconciliation tables provided in today’s earnings release and presentation.

And I’ll turn the call over to Juergen Stark, the company’s chairman and chief executive officer. Juergen.

Juergen Stark — Chairman and Chief Executive Officer

Good afternoon, everyone, and thank you for joining us. I’m pleased to discuss our strong full year and fourth quarter 2021 results, and I’m especially proud to announce that in 2021, we delivered the highest total revenues in the company’s history, following a record year in 2020. We also delivered 36.6 million …….

Source: https://www.fool.com/earnings/call-transcripts/2022/03/03/turtle-beach-hear-q4-2021-earnings-call-transcript/

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