"Our continued leadership position in the gaming peripherals market gives us confidence in a stronger 2023 with a return to growth and profitability," said Juergen Stark, CEO and Chairman, Turtle Beach Corporation. "The conversion of our inventory to cash has not only strengthened our balance sheet but positioned us to make strategic and tactical moves focused on driving future growth and product expansion. We look forward to delivering value to our shareholders through the continued effective use of our capital."