Share this article WHITE PLAINS, N.Y., May 5, 2021 /PRNewswire/ -- Leading gaming accessory maker Turtle Beach Corporation (Nasdaq: HEAR), reported financial results for the first quarter ended March 31, 2021. First Quarter Summary vs. Year-Ago Quarter: Net revenue was $93.1 million, an increase of 166% compared to $35.0 million; Net income of $8.8 million, or $0.49 per diluted share, compared to net loss of $(3.6) million, or $(0.25) per diluted share; Adjusted EBITDA was $15.3 million, an increase of $18.0 million compared to $(2.7) million; and Cash flow from operations was $21.1 million, an increase of 20% compared to $17.5 million. Management Commentary "We turned in another stellar performance in the first quarter, with sales, gross margin, net income and adjusted EBITDA all reaching record high levels for the first quarter," said Juergen Stark, CEO, Turtle Beach. "Consumer demand for console headsets and PC gaming accessories remained at elevated levels, our category expansions are going well, and our operational excellence again allowed us to gain market share, leverage operating costs, and deliver better than expected results.