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VTech Announces FY2021 Annual Results


VTech Announces FY2021 Annual Results
Record revenue and profit, with growth from all three products lines
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Group revenue increased 9.5% to a record US$2,372.3 million
Profit attributable to shareholders of the Company rose 21.1% to a record US$230.9 million
Final dividend of US74.0 cents per ordinary share, resulting in a record full-year dividend of US91.0 cents, up 71.7% year-on-year
Gross profit margin unchanged at 30.6%
Positive result despite supply chain disruptions in 1H and components shortages in 4Q
45th anniversary marked with a sustainability-led strategy and increased focus on digitisation
VTech Holdings Limited (HKSE: 303) today announced its results for the financial year ended 31 March 2021, showing record revenue and profit, with growth from all three product lines. ....

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Turtle Beach Reports Strong First Quarter 2021 Results And Raises Full-Year Outlook


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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 remain ....

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