Shares of Turtle Beach Corp (NASDAQ:HEAR) ended Wednesday session in green amid volatile trading. The shares closed up +0.15 points or 14.29% at $1.20 with 6.15 million shares getting traded. Post opening the session at $1.02, the shares hit an intraday low of $0.99 and an intraday high of $1.24 and the price vacillated in this range throughout the day. The company has a market cap of $62.09 million and the numbers of outstanding shares have been calculated to be 49.23 million shares.
Turtle Beach Corp (HEAR) on Sept. 1, 2016 announced research regarding the use of its revolutionary HyperSound® Technology directed audio to alleviate Tinnitus. Turtle Beach is excited and proud to announce the company has received FDA clearance on an all-new Tinnitus relief feature for its revolutionary HyperSound Clear™ 500P home audio system. The new Tinnitus add-on works in addition to the HyperSound Clear 500P’s already proven ability to significantly improve the home entertainment listening experience for people with hearing loss.
Looking beyond hearing loss, Tinnitus is another serious and widespread hearing health problem. Commonly known as “ringing in the ears,” Tinnitus is the perception of sound when no actual external noise is present, and there is currently no cure for most types of Tinnitus. Additionally, the American Tinnitus Association2 states, “Millions of Americans experience Tinnitus, often to a debilitating degree, making it one of the most common health conditions in the country. The U.S. Centers for Disease Control estimates that 15% of the general public – over 50 million Americans – experience some form of Tinnitus, with approximately 20 million struggling with chronic Tinnitus, and two million living with extreme and debilitating cases.”
“We’re committed to advancing the clinical capabilities for how HyperSound Technology can help individuals with hearing issues,” said Rodney Schutt, SVP and General Manager for the HyperSound business at Turtle Beach Corporation. “HyperSound is still in its infancy as the HyperSound Clear 500P has been out less than a year, and in that time we’ve addressed two prominent hearing healthcare issues. First, we’ve re-created a comfortable home entertainment environment where people with hearing loss and their family and friends can return to the TV room and enjoy the latest entertainment together, and now we may be able to provide relief for people suffering from Tinnitus. These are groundbreaking, all-new solutions for managing these two specific hearing issues that affect millions of people around the world, and we plan to continue to research and test other areas where HyperSound Technology may have the potential to be a hearing healthcare solution or provide exceptional improvements in the home entertainment environment.”
Shares of Fitbit Inc (NYSE:FIT) ended Wednesday session in green amid volatile trading. The shares closed up +0.33 points or 2.07% at $16.27 with 5.86 million shares getting traded. Post opening the session at $16.05 the shares hit an intraday low of $15.85 and an intraday high of $16.37 and the price vacillated in this range throughout the day. The company has a market cap of $3.53 billion and the numbers of outstanding shares have been calculated to be 222.15 million shares.
Fitbit Inc (FIT) on August 31, 2016 announced the opening of its Europe, Middle East and Africa (EMEA) headquarters in Dublin, Ireland and appointed a new Managing Director, Des Power. Ireland’s reputation for being a centre of innovation and providing top technology talent were important factors for Fitbit and will enable the company to further expand in the region as part of its global growth strategy.
The new Dublin office will serve as Fitbit’s EMEA headquarters and will house the strategic business functions for the region, including senior management roles, sales, marketing, operations, finance and customer support staff, which will provide targeted support to the millions of Fitbit users across the region. The company hopes to grow to approximately 50 people by the end of the year and has room for up to 100 by the end of 2017. With 150% year-over-year revenue growth in the European region in Q2 2016 compared to Q2 2015 and the ability to support five European languages across the Fitbit platform, the company’s new Dublin office comes at an ideal time to support Fitbit’s rapid growth and expansion while taking advantage of the highly skilled labour market in Dublin.