Turtle Beach backs FY23 revenue view of $265M-$270M, consensus $268.9M

The company states: “Notwithstanding the continued softness in the PC market, down 12% year-to-date, based on key share gains in critical categories and other trends seen to-date, the Company reiterates its previous revenue outlook for fiscal year 2023, continuing to expect net revenues to be in the range of $265 million to $270 million or approximately 10% increase year over year. The Company further reiterates its long-term goals of a 10%+ revenue CAGR, a mid-30’s gross margin percentage, and 10%+ Adjusted EBITDA margins.”