GoPro (GPRO) recently introduced a cutting-edge "4K'ing Tiny" camera — the HERO. With its ultra-compact design, waterproof durability, stunning 4K video, intuitive controls and a price tag of just $199, GoPro's latest offering brings premium features to a much wider audience. It is currently available for purchase both online and at retail stores around the globe. Weighing in at just 86 grams, the HERO is the smallest and lightest camera GoPro has ever launched. It boasts a compact design that is 35% smalle ...

$199 HERO Joins New Flagship HERO13 Black in Global Distribution RolloutSAN MATEO, Calif., Sept. 23, 2024 /PRNewswire/ -- Today, GoPro (NASDAQ: GPRO) announced that its new $199 "4K'ing Tiny" camera, simply named "HERO", is now available on retail shelves around the world and for purchase online at GoPro.com. GoPro's new $199 HERO weighs in at 86 grams and is the smallest ever 4K GoPro with a screen.Weighing just 86 grams, the tiny new 4K HERO camera is waterproof, durable and combines GoPro's simplest user ...

A month has gone by since the last earnings report for GoPro (GPRO) . Shares have added about 6.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is GoPro due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. GoPro Q2 Loss Narrower Than ExpectedGoPro reported a second-qua ...

GoPro (GPRO) recently launched two new cameras — HERO13 Black and HERO — with new features. Both HERO and HERO13 Black cameras are available for preorder. For HERO, the preorder shipping and global retail on-shelf availability will begin on Sept. 22, while the same for HERO13 Black will commence on Sept. 10.Priced at $199, HERO is the smallest and lightest 4K GoPro ever (weighing only 86 grams) with a screen that boasts an ultralight design and striking 4K image quality, highlighted GoPro. HERO has 35% less ...

"This year's two new GoPro cameras are inspired by and built for the GoPro Community," says GoPro Founder and CEO Nicholas Woodman. "HERO13 Black features four new interchangeable lens mods that HERO13 automatically detects and adjusts its settings for, magnetic latch mounting, GPS, and a more powerful battery that provides longer runtimes and improved thermal performance. And then there's HERO, the smallest, lightest 4K GoPro ever with a screen that will appeal to new and experienced users with its rugged, ...

GoPro, Inc. (GPRO) recently announced its decision to trim nearly 15% of its workforce, as approved by its board of directors. The initiative is part of a broader restructuring plan, which is aimed at reducing operating expenses by approximately $50 million to $320 million (+/- $5 million) in 2025 from the midpoint of the projected total operating expenses of $365-$370 million in 2024. The restructuring charges are expected between $5 million and $7 million. Of these charges, it expects to incur cash expens ...

GoPro, Inc (GPRO) reported a second-quarter 2024 non-GAAP loss of 24 cents per share, narrower than the Zacks Consensus Estimate of a loss of 25 cents. The company incurred a loss of 5 cents per share in the year-ago quarter.GPRO generated revenues of $186 million, down 23% year over year. The figure exceeded the company’s guidance of $170 million (+/- $5 million). The top line beat the consensus mark by 9.2%.Higher demand for the HERO12 Black camera in Europe and North America cushioned the top-line perfor ...

Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $186 million, exceeding guidance by 9% and driven by increased demand for the HERO12 Black camera in Europe and North America [7][13] - Gross margin decreased to 30.7% from 31.6% in Q2 2023 [13] - Non-GAAP EPS loss was $0.24, while GAAP loss per share was $0.31 [8][14] - Subscription and service revenue grew 8% year-over-year to $26 million, with a subscriber base of 2.53 million, reflecting a 4% growth [8][14] Business Line Data and Key Metrics Changes - Retail revenue was $137 million, accounting for 74% of total revenue, down 17% year-over-year [14] - GoPro.com product revenue was $23 million, representing 12% of total revenue [14] - Sell-through units were slightly above 600,000, down 9% year-over-year, with channel inventory decreasing to approximately 700,000 units [14][15] Market Data and Key Metrics Changes - The company added approximately 800 new retail doors globally, with significant growth in EMEA and Latin America [8] - The digital imaging market is experiencing growth, particularly in the 360-degree camera segment, which is expected to recover significant market share in 2025 [9][16] Company Strategy and Development Direction - The company aims to achieve profitability in 2025 through new product launches and reduced operating expenses, targeting a reduction of nearly $50 million from 2024 levels [9][17] - Expansion into tech-enabled motorcycle helmets and a broader product portfolio are part of the strategy to grow the business and restore long-term profitability [10][36] - Upcoming product launches include the HERO13 Black and a new $199 entry-level HERO camera, which are expected to enhance margins and market appeal [11][43] Management's Comments on Operating Environment and Future Outlook - Management acknowledged 2024 as a challenging year due to lower consumer confidence, increased competition, and executional challenges [9][15] - The company is confident in regaining market share in the 360-degree camera category and believes that new product introductions will drive growth in 2025 [22][42] - Management emphasized the importance of operating GoPro as a profitable business, with a commitment to reducing operating expenses and improving gross margins [12][19] Other Important Information - The company is facing a cumulative impact of delayed product launches, which is expected to affect sales by approximately $100 million in 2024 [15] - The anticipated launch of the new 360-degree camera in 2025 is expected to significantly contribute to revenue growth [16][42] Q&A Session Summary Question: What was driving the delays in product launches? - Delays were attributed to the company's commitment to innovation and ensuring product quality, with confidence in upcoming launches [20][21] Question: Are there concerns about losing market share in the 360-degree camera segment? - Management acknowledged potential market share loss but expressed confidence in regaining it with new product launches in 2025 [26][28] Question: Can you elaborate on cost cuts and sources of savings for 2025? - Operating expenses are expected to be reduced by $50 million, with significant savings from non-recurring engineering development expenses [30][31] Question: Who are the core camera users and potential new users? - Core users include content creators and active consumers, with opportunities to diversify the product roadmap to attract new markets [33][36] Question: What are the expectations for growth in 2025? - The company anticipates growth driven by new product launches and improved margins, with a focus on profitability [41][46]

GoPro (GPRO) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4%. A quarter ago, it was expected that this action video camera maker would post a loss of $0.24 per share when it actually produced a loss of $0.21, delivering a surprise of 12.50%.Over the last four quarters, the company has surp ...

| --- | --- | --- | --- | --- | |-------|-------|-------|-----------------------------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Q2 2024 Preliminary Earnings Results Summary | | | | | | August 6, 2024 | | Copyright © 2024. 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 "anticipa ...