Core Viewpoint - GoPro, Inc. has appointed Mick Lopez to its Board of Directors, effective immediately, and has nominated two additional candidates, Mike Dennison and Emily Culp, for election at the upcoming annual stockholder meeting on June 3, 2025 [1][4]. Group 1: Appointment of Mick Lopez - Mick Lopez is recognized as an experienced CFO and board partner, bringing strategic and financial governance expertise to GoPro [2][3]. - His previous leadership roles include positions at Vista Outdoors, L3 Harris, IBM, and Cisco Systems, and he recently served as CFO at Ribbon Communications [3]. Group 2: Nomination of Additional Candidates - Mike Dennison, CEO of Fox Factory Holding Corp., oversees approximately $1.4 billion in business operations across 29 global locations and holds board positions at multiple companies [5]. - Emily Culp, Chief Brand and Strategy Officer at BodyHealth, scaled revenues from the single teens to over $100 million and has prior experience as CEO of Cover FX Skincare Inc. [6].

Core Insights - GoPro has launched the Anamorphic Lens Mod for the HERO13 Black, aimed at filmmakers and content creators seeking professional cinematic visuals at a lower cost [1][2] - The lens accessory offers a 21:9 aspect ratio and ultra-wide field of view, enhancing the camera's capabilities while being portable and durable [2][3] Product Offerings - The Anamorphic Lens Mod is priced at $129.99 and is available for individual purchase alongside other accessories like the Ultra Wide Lens Mod ($99.99), Macro Lens Mod ($129.99), and ND Filter 4-Pack ($69.99) [2][4] - GoPro is also offering a complete HB-Series Lens Collection in a protective case for $349.99, with a bundle including the HERO13 Black and all lens mods set to be available for $699.99 in Q2 2025 [5] Technological Features - The Anamorphic Lens Mod is compatible with the HERO13 Black's Auto Detect feature, allowing automatic camera setting adjustments and in-camera "de-squeezing" for easier post-production [3] - The lens is designed to withstand harsh conditions, being waterproof and rugged for adventure filmmaking [3] Retail and Distribution Strategy - GoPro is expanding its retail presence, having added 1,200 new retail doors in Q3 2024, with plans to add another 3,000-6,000 by the end of 2025 [7] - A distribution collaboration with SoftBank Group's SB C&S Corporation in Japan will enhance GoPro's market reach [8] Subscription Revenue Growth - GoPro's subscription service, which includes benefits like unlimited cloud storage and camera replacement, generated $27.2 million in Q4, reflecting a 9% year-over-year increase [10] - Improved retention rates contributed to an 8% increase in average revenue per user [10]

Anamorphic Lens Mod for HERO13 Black Delivers Dramatic, Hollywood-like Video for Creators and Filmmakers in a Tremendously Affordable PackageSAN MATEO, Calif., April 3, 2025 /PRNewswire/ -- GoPro (NASDAQ: GPRO) is now shipping the Anamorphic Lens Mod for its new camera, HERO13 Black. Anamorphic Lens Mod delivers expanded performance for creators and filmmakers looking to achieve cinematic and artistic video from HERO13 Black. With a Hollywood-ready 21:9 aspect ratio and ultra-wide field of view complemented ...

The camera is compatible with the all-new, interchangeable HB-Series Lenses with Auto Detection. These lenses make it easy to expand the range of creative shots you can capture with HERO13 Black: Combining HERO13 Black in Polar White with a GoPro Premium ($24.99 first year for new subscribers and $49.99/year thereafter) or Premium+ ($99.99/year) Subscription adds the ability to auto-upload your footage to the cloud, receive automatic highlight videos via the GoPro Quik App, save up to 30% on accessory purch ...

Revenue Performance - GoPro's revenue in 2024 was impacted by macroeconomic conditions, competition, and a delay in hardware product releases, deviating from the historical trend of high revenue in Q4[34]. - In 2024, the company incurred an operating loss of $135.0 million, with annual revenue decreasing from $1.09 billion in 2023 to $801.5 million in 2024[71]. - GoPro.com revenue represented 25% of net revenue in 2024, down from 30% in 2023, while retail accounted for 75% in 2024, up from 70% in 2023[42]. - Revenue from international operations comprised 64%, 61%, and 59% of total revenue in 2024, 2023, and 2022 respectively, indicating a significant reliance on global markets[116]. - GoPro's revenue from the U.S. accounted for 36.3% of annual revenue in 2024, down from 38.6% in 2023, indicating a shift in revenue sources[221]. Product Development and Innovation - The HERO13 Black camera, launched in September 2024, features 5.3K video at 60 FPS, 27-megapixel photo resolution, and improved thermal performance[27]. - The Premium+ subscription launched in February 2024, offering 500 GB of cloud storage and advanced editing features[36]. - The company plans to introduce the Anamorphic Lens Mod for the HERO13 Black in Q1 2025, expanding its product offerings[28]. - The HERO camera, launched in 2024, is the smallest and lightest version, capable of shooting 4K video at 30 FPS[30]. - GoPro's ecosystem includes various compatible accessories for its HERO and MAX cameras, enhancing user experience and content creation[218]. Subscription Services - GoPro's subscription services include unlimited cloud storage and damaged camera replacement, enhancing customer retention and engagement[30]. - Subscriber growth slowed to 1% from 12% year-over-year, indicating potential challenges in attracting and retaining subscribers[80]. - The company launched the Premium+ subscription in February 2024, offering 500 GB of cloud storage for non-GoPro content, alongside the existing Premium subscription[219]. - The Quik subscription offers editing tools for users to enhance photos and videos captured on any device, further integrating GoPro's services[220]. Market and Sales Strategy - GoPro operates in over 80 countries, leveraging both retail and direct-to-consumer sales channels[42]. - The company emphasizes a user experience-driven approach to product development, engaging with customers for feedback[37]. - The company anticipates challenges in expanding subscription and service offerings, which may limit total addressable market and revenue growth[94]. - The introduction of new products may shorten the life cycle of existing products, impacting inventory management and demand[90]. Financial and Operational Challenges - The company experienced a significant impact on margins in 2023 due to price protection charges and increased sales of low-margin entry-level cameras[72]. - The company faces substantial risks related to inventory management, which could lead to material charges affecting operating results[106]. - The ability to accurately forecast demand is critical, as miscalculations could result in higher costs or inability to meet customer demand[108]. - The company relies on third-party suppliers for components, which poses risks related to supply chain disruptions and lead times[102]. Manufacturing and Supply Chain - GoPro's manufacturing is primarily outsourced to contract manufacturers in China, Thailand, and Vietnam, allowing for greater scale and flexibility[40]. - The company relies on contract manufacturers located in China and Thailand, exposing it to risks associated with global trade policies and tariffs[111]. - The company has proactively moved U.S.-bound camera production outside of China to mitigate tariff risks, indicating a strategic shift in manufacturing[112]. Legal and Compliance Risks - The company has initiated legal proceedings against Arashi Vision Inc. for patent infringement related to its cameras and digital imaging technology[135]. - The company is subject to various laws and regulations regarding privacy, data protection, and information security, which could adversely affect its business[142]. - Non-compliance with the EU GDPR could result in fines of up to 4% of the company's worldwide annual revenue[146]. - The company may be adversely affected by violations of the United States Foreign Corrupt Practices Act and similar anti-bribery laws, which could lead to substantial fines[150]. Cybersecurity and Data Protection - Cybersecurity threats pose significant risks, with potential disruptions to operations and financial reporting, impacting revenue and reputation[113]. - The Chief Information Security Officer oversees the cybersecurity program, which includes regular updates to the Audit Committee[193]. - The company has implemented industry-standard security measures to protect against unauthorized access to confidential information[192]. - The company has not experienced any material cybersecurity incidents that have affected its business strategy or financial condition[199]. Stock and Financial Management - The company's stock price fluctuated from a high of $6.46 in Q1 2023 to a low of $1.09 in Q4 2024, affecting employee retention strategies[78]. - The Class A common stock closed below the $1.00 minimum bid price requirement on February 7, 2025, risking delisting from The Nasdaq Global Select Market[160]. - The company has not declared or paid any cash dividends on its capital stock and does not intend to do so in the foreseeable future[205]. - The existence of convertible senior notes may dilute the ownership interest of existing stockholders upon conversion[176]. Research and Development - Research and development expenses were $185.9 million in 2024, up from $165.7 million in 2023, with expectations of continued substantial expenses in 2025[89]. - The company holds approximately 1,465 issued patents and 366 pending patent applications in the United States as of December 31, 2024[59]. - The company regularly files patent applications to protect innovations but may fail to apply for patents on important products in a timely manner[130].

SAN MATEO, Calif., March 10, 2025 /PRNewswire/ -- Today, GoPro (NASDAQ: GPRO) announced the addition of five young athletes to its team of elite professional athletes through Grom Quest, GoPro's ongoing video-submission-based talent search program. Grom Quest participants submitted video clips of their best performances in their given sport, captured on a GoPro. The five athletes selected were chosen out of more than 4,000 submissions. The Grom Quest Challenge is ongoing and open to athletes around the worl ...

The World's Top Freeride Skiers and Snowboarders Compete Wearing GoPro Cameras to Deliver Thrilling POV and Action ContentSAN MATEO, Calif., Feb. 25, 2025 /PRNewswire/ -- Today, GoPro, Inc. (NASDAQ: GPRO) announced its continued partnership for the 2025 season with the Freeride World Tour by Peak Performance, the ultimate ski and snowboard freeriding competition. Known for showcasing some of the world's most thrilling freeride content, the first three rounds of the 2025 Freeride World Tour have already gene ...

AI-Powered Object Tracking: Pick a subject and Quik uses the power of AI to keep that object in view and in focus, automatically, for the entirety of the clip. Keyframing: Set your view precisely where you want it. And adjust the Digital Lens setting to dial in your perfect edit. CameraFx: Add dynamic, cinematic camera movements like backflips, barrel rolls and more with just a tap. Automatic Transitions: Add and combine unlimited ReFrame Modes throughout an edit, and Quik will create smooth transitions be ...

Kimpex, the Premier Powersports Distributor in Canada, to Service Network of More than 2,300 Dealers with GoPro ProductsSAN MATEO, Calif., Feb. 13, 2025 /PRNewswire/ -- Today, GoPro, Inc. (NASDAQ: GPRO) announced a new distribution partnership with Kimpex Powersports in Canada to sell GoPro products through one of the largest powersports sales networks in the region. The deal enables Kimpex to provide its network of more than 2,300 dealers with the full range of GoPro cameras and accessories. Now, customers ...

Have you evaluated the performance of GoPro's (GPRO) international operations during the quarter that concluded in December 2024? Considering the extensive worldwide presence of this action video camera maker, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth ...