Each submission must be a single, unedited clip, shot on GoPro and captured by the skier or snowboarder themselves. To be eligible, the clip must be shared on social media using the #GoProLineOfTheWinter hashtag and submitted to GoPro Awards via the GoPro Quik app or at GoPro.com/Awards. Individuals may submit as many videos as they like, with each video serving as one submission. "In the hands of inspired athletes, GoPros have captured some of the most insane ski and snowboard lines we've ever seen — from ...

When a stock loses more than 90% of its value, it's a clear indication that the market is concerned about structural problems with the underlying business. That has certainly been the case for GoPro (GPRO 3.79%), whose stock reached an all-time high of $93.85 in 2014 before steadily declining by 96% to just $3.18 a share today.GoPro makes industry-leading action cameras, but they are a niche product and the company has struggled to maintain consistent sales growth. Unfortunately, the company has long been a ...

SAN MATEO, Calif., Jan. 10, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that it will release its financial results for the fourth quarter and year ended December 31, 2023, after the market closes on Wednesday, February 7, 2024. GoPro management will host a conference call and live webcast following the release at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the Company's financial results. A webcast link and management commentary will be posted on the "Events & Presentation ...

Financial Data and Key Metrics Changes - Revenue for Q3 2023 was $294 million, exceeding guidance, with non-GAAP earnings per share at $0.04 [7][8] - Retail channel revenue grew 12% year-over-year to $231 million, representing 78% of total revenue [8] - Non-GAAP profitability was achieved in Q3 2023, with expectations for continued profitability in Q4 [18][19] Business Line Data and Key Metrics Changes - Total camera unit sales grew 31% sequentially and 16% year-over-year, with entry-level products generating 19% of camera revenue [8][11] - The launch of HERO12 Black contributed significantly to sales, with strong performance compared to HERO11 [28] Market Data and Key Metrics Changes - GoPro.com represented 22% of revenue in Q3, indicating a strong direct-to-consumer sales channel [11] - Subscriber count reached 2.5 million, reflecting a 20% year-over-year growth [11] Company Strategy and Development Direction - The company is focused on expanding its total addressable market (TAM) through new product introductions and increased retail presence [6][10] - Plans to introduce several new camera types starting in Q2 2024, targeting distinct use cases and improved margin profiles [10][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand environment, particularly for entry-level products, which are expected to drive unit sales and subscriber growth [26][32] - The company anticipates revenue growth in 2024, projecting units to reach 3.3 million to 3.5 million, with revenue between $1.1 billion and $1.2 billion [20][21] Other Important Information - The company is investing in innovation, particularly in AI and software, to enhance customer experience and product functionality [13][41] - GoPro has been recognized as one of the best places to work, reflecting a strong workplace culture [16] Q&A Session Summary Question: Can you characterize the demand environment and growth drivers? - Management noted strong performance in Q3, with significant contributions from HERO12 Black and entry-level products, indicating a positive retail environment [25][28] Question: What gives confidence in the 2024 guidance? - Management highlighted expected continued growth in entry-level products and strong demand for HERO12, along with new product launches planned for 2024 [31][32] Question: How have retention rates changed? - Retention rates have improved, with first-year rates increasing to 60%-65% and second-year rates holding at 70%-75% [36] Question: What are the plans to raise the attach rate for services? - Current attach rate is 40%, with plans to enhance subscription offerings to improve retention and attach rates [38] Question: What is the inspiration for new camera designs? - New designs are based on consumer research and market trends, aiming to meet specific use cases and improve user experience [40][41]

Q3 2023 Preliminary Earnings Results Summary November 7, 2023 Confidential information. Copyright © 2023. GoPro, Inc. All rights reserved. SAFE HARBOR STATEMENT This presentation may contain projections or other forward-looking statements within the meaning Section 27A of the Private Securities Litigation Reform Act. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “should,” “will” and variations of these terms or the negative of these terms and similar expressions are intended to iden ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-36514 GOPRO, INC. (Exact name of registrant as specified in its charter) Delaware 77-0629474 (State ...

GoPro, Inc. (NASDAQ:GPRO) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Christopher Clark - VP, Corporate Communications Nicholas Woodman - CEO Brian McGee - CFO and COO Conference Call Participants Martin Yang - Oppenheimer Operator Hello, and welcome to GoPro Second Quarter 2023 Earnings Conference Call. My name is Elliot, and I'll be coordinating your call today. [Operator Instructions] I would now like to hand over to Christopher Clark, Vice President of Corporate Commu ...

Q2 2023 Preliminary Earnings Results Summary August 3, 2023 Confidential information. Copyright © 2023. GoPro, Inc. All rights reserved. SAFE HARBOR STATEMENT This presentation may contain projections or other forward-looking statements within the meaning Section 27A of the Private Securities Litigation Reform Act. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “should,” “will” and variations of these terms or the negative of these terms and similar expressions are intended to identi ...

Financial Performance - GoPro reported revenue of $241.02 million for the three months ended June 30, 2023, a decrease of 3.3% compared to $250.69 million in the same period of 2022[14]. - The company's net loss for the second quarter of 2023 was $17.21 million, compared to a net income of $2.52 million in the same quarter of 2022[14]. - The company experienced a gross profit of $75.77 million for the second quarter of 2023, down from $96.00 million in the same quarter of 2022, reflecting a gross margin decline[14]. - Operating expenses increased to $98.27 million in Q2 2023, compared to $91.35 million in Q2 2022, driven by higher research and development costs[14]. - For the three months ended June 30, 2023, the net loss was $17.2 million, compared to a net income of $2.5 million for the same period in 2022[55]. - The basic net income (loss) per share for the three months ended June 30, 2023 was $(0.11), a decrease from $0.02 in 2022[55]. - Revenue from the Americas for the three months ended June 30, 2023, was $121.6 million, down from $126.4 million in 2022, a decline of 3.5%[72]. - Revenue from Europe, Middle East, and Africa (EMEA) for the three months ended June 30, 2023, was $66.5 million, down 7.2% from $71.7 million in 2022[72]. - Revenue from the United States, part of the Americas region, was $106.5 million for the three months ended June 30, 2023, compared to $108.0 million in 2022, a decrease of 1.4%[72]. Assets and Liabilities - Total current assets decreased to $523.19 million as of June 30, 2023, down from $606.03 million at the end of 2022, primarily due to declines in cash and marketable securities[11]. - GoPro's total liabilities decreased to $445.62 million as of June 30, 2023, compared to $465.37 million at the end of 2022[11]. - Cash and cash equivalents at the end of Q2 2023 were $189.91 million, down from $223.74 million at the beginning of the period[16]. - GoPro's inventory increased to $135.41 million as of June 30, 2023, compared to $127.13 million at the end of 2022, indicating potential challenges in sales[11]. - Total stockholders' equity as of June 30, 2023, was $563,479 thousand, a decrease from $611,559 thousand as of December 31, 2022, reflecting a decline of 7.8%[19]. - The net property and equipment decreased to $10.5 million as of June 30, 2023, from $13.3 million as of December 31, 2022, a decline of about 21%[29]. - Long-term deferred tax assets rose to $295.0 million as of June 30, 2023, up from $279.0 million as of December 31, 2022, an increase of approximately 5.7%[32]. - Accrued expenses and other current liabilities decreased to $100.1 million as of June 30, 2023, from $118.9 million as of December 31, 2022, a reduction of about 16%[33]. - The warranty liability was recorded at $7.3 million as of June 30, 2023, compared to $7.9 million as of December 31, 2022, indicating a decrease of approximately 7%[34]. Deferred Revenue and Tax Benefits - The company recognized $22.5 million in revenue from deferred revenue during the three months ended June 30, 2023, compared to $17.2 million for the same period in 2022, representing a 30.8% increase[22]. - GoPro's total short-term and long-term deferred revenue balances were $57.4 million as of June 30, 2023, compared to $60.4 million as of December 31, 2022, showing a decrease of 4.9%[23]. - The company’s gross unrecognized tax benefits were $25.3 million as of June 30, 2023, an increase from $23.4 million at the end of 2022[58]. - The company expects to recognize $11.6 million of unrecognized tax benefits, which would reduce income tax expense if recognized[58]. - The company recorded an income tax benefit of $4.0 million for the three months ended June 30, 2023, on a pre-tax net loss of $21.2 million[58]. Stock and Compensation - Stock-based compensation expense for the three months ended June 30, 2023, was $11,117 thousand, up from $10,314 thousand for the same period in 2022, indicating a 7.8% increase[19]. - Common stock issued under employee benefit plans for the three months ended June 30, 2023, was 375 shares, compared to 421 shares for the same period in 2022, reflecting a decrease of 10.9%[19]. - The total non-vested shares of Restricted Stock Units (RSUs) increased to 12,246 thousand shares as of June 30, 2023, from 8,727 thousand shares at the end of 2022[47]. - The Company granted 1,254 thousand Performance Stock Units (PSUs) during the six months ended June 30, 2023, with a weighted-average grant date fair value of $5.79[50]. - The Company issued 0.5 million shares under its Employee Stock Purchase Plan (ESPP) for the six months ended June 30, 2023, at a weighted-average price of $5.09 per share[50]. Strategic Decisions and Future Outlook - GoPro plans to continue focusing on expanding its product offerings and improving operational efficiencies to drive future growth[7]. - The Company recorded a total price protection charge of $26.7 million in March 2023 due to a strategic pricing decision to reduce the MSRP of its cameras, effective May 2023[23]. - The stock repurchase program authorized up to $140 million, with $80.4 million remaining as of June 30, 2023[40]. - During the three months ended June 30, 2023, the Company repurchased 3,606 shares at an average price of $4.16 per share, totaling $15 million[41]. - The average price per share for stock repurchases in the six months ended June 30, 2023 was $4.45, compared to $7.45 in the same period of 2022[41].

GoPro, Inc. (NASDAQ:GPRO) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Christopher Clark - Vice President of Corporate Communications Nicholas Woodman - Chief Executive Officer Brian McGee - Chief Financial Officer and Chief Operating Officer Conference Call Participants Martin Yang - Oppenheimer Operator Hello, everybody, and welcome to GoPro's First Quarter 2023 Earnings Conference Call. My name is Sam, and I'll be coordinating your call today. [Operator Instructions]. I wi ...