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 ...

GoPro, Inc. (NASDAQ:GPRO) Q3 2023 Earnings Call Transcript November 7, 2023 5:00 PM ET Company Participants Christopher Clark - VP, Corporate Communications Nicholas Woodman - CEO Brian McGee - CFO and COO Conference Call Participants Erik Woodring - Morgan Stanley Martin Yang - Oppenheimer Operator Hello, everybody, and welcome to the GoPro Third Quarter 2023 Earnings Conference Call. My name is Sam, and I'll be coordinating your call today. [Operator Instructions] I will now hand you over to your host, Ch ...

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 ...

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 June 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 or ot ...

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 ...

Q1 2023 Preliminary Earnings Results Summary Confidential information. Copyright © 2023. GoPro, Inc. All rights reserved. May 9, 2023 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 identify ...

Revenue and Profitability - Revenue for Q1 2023 decreased to $174.72 million, down from $216.705 million in Q1 2022[15] - Net loss for Q1 2023 was $29.869 million, compared to a net income of $5.685 million in Q1 2022[15] - Gross profit declined to $52.502 million, down from $90.476 million in Q1 2022[15] - Net income (loss) per share was $(0.19) for Q1 2023 compared to $0.04 for Q1 2022[56] - Revenue for Q1 2023 was $174.7 million, with Americas contributing $89.5 million, EMEA $46.0 million, and APAC $39.2 million[73] - The company's revenue was negatively impacted by approximately $7.4 million in Q1 2023 due to the strengthening of the U.S. dollar[133] Expenses and Costs - Research and development expenses increased to $38.185 million, up from $31.598 million in Q1 2022[15] - Total operating expenses rose to $92.316 million, compared to $82.314 million in Q1 2022[15] - GoPro recorded a $23.5 million price protection charge in Q1 2023 due to a strategic pricing decision to reduce camera MSRP effective May 2023[25] - Total stock-based compensation expense increased from $9.836 million in Q1 2022 to $10.314 million in Q1 2023[54] - Net lease cost increased from $2.119 million in Q1 2022 to $2.635 million in Q1 2023[63] - Cash paid for operating leases was $3.791 million in Q1 2023 compared to $3.777 million in Q1 2022[64] - Restructuring charges for Q1 2023 totaled $21,000, a significant decrease from $304,000 in Q1 2022[76] - The company recorded restructuring charges of $8.1 million in Q4 2022, primarily for camera production line closure costs[77] Cash and Cash Equivalents - Cash and cash equivalents decreased to $157.826 million from $223.735 million at the end of Q4 2022[11] - The company's cash equivalents decreased to $87.9 million as of March 31, 2023 from $138.4 million as of December 31, 2022[28] - Marketable securities totaled $136.8 million as of March 31, 2023, down from $143.6 million as of December 31, 2022[28] - The company's cash equivalents and marketable securities are primarily composed of money market funds, U.S. treasury securities, and corporate debt securities[133] Inventory - Inventory increased to $154.804 million, up from $127.131 million at the end of Q4 2022[11] - Total inventory increased to $154.8 million as of March 31, 2023 from $127.1 million as of December 31, 2022[31] - Finished goods inventory rose to $125.3 million as of March 31, 2023 compared to $88.7 million as of December 31, 2022[31] Assets and Liabilities - Total assets decreased to $1.022566 billion from $1.076925 billion at the end of Q4 2022[11] - Total liabilities decreased to $437.416 million from $465.366 million at the end of Q4 2022[12] - Stockholders' equity decreased to $585.150 million from $611.559 million at the end of Q4 2022[13] - The fair value of GoPro's 2025 Convertible Senior Notes increased to $137.4 million as of March 31, 2023 from $130.1 million as of December 31, 2022[29] - Property and equipment, net decreased to $12.2 million as of March 31, 2023 from $13.3 million as of December 31, 2022[32] - Long-term deferred tax assets increased to $288,867 thousand as of March 31, 2023, up from $279,045 thousand as of December 31, 2022[33] - Other long-term assets totaled $307,101 thousand as of March 31, 2023, compared to $289,293 thousand as of December 31, 2022[33] - Accrued sales incentives rose to $46,518 thousand as of March 31, 2023, up from $41,662 thousand as of December 31, 2022[35] - Warranty liability decreased to $7,245 thousand as of March 31, 2023, down from $8,012 thousand as of March 31, 2022[36] - Long-lived assets outside the United States were $3.2 million as of March 31, 2023, down from $4.0 million at the end of 2022[73] Deferred Revenue - GoPro's short-term and long-term deferred revenue balances totaled $59.4 million and $60.4 million as of March 31, 2023 and December 31, 2022, respectively[25] - The company recognized $16.5 million and $16.6 million of revenue from deferred revenue balances during the three months ended March 31, 2023 and 2022, respectively[25] Credit and Debt - The company has a $50.0 million revolving credit facility under the 2021 Credit Agreement, with no borrowings made to date[37] - The company issued $143.8 million aggregate principal amount of 1.25% Convertible Senior Notes due 2025[39] - The company recorded interest expense of $0.4 million for contractual coupon interest on the 2025 Notes for the three months ended March 31, 2023[40] - The company repaid $125.0 million of principal and $2.2 million of accrued interest on the 2022 Notes on April 15, 2022[41] Stock Repurchase and Equity - The company's board of directors authorized the repurchase of up to $100 million of its Class A common stock, with $95.4 million remaining as of March 31, 2023[42] - The company repurchased 890 thousand shares at an average price of $5.62 per share during the three months ended March 31, 2023[43] - Outstanding stock options decreased from 3,089 thousand shares at December 31, 2022 to 3,032 thousand shares at March 31, 2023, with a weighted-average exercise price of $9.25[47] - Non-vested RSUs increased from 8,727 thousand shares at December 31, 2022 to 11,972 thousand shares at March 31, 2023, with a weighted-average grant date fair value of $6.72[49] - Non-vested PSUs increased from 686 thousand shares at December 31, 2022 to 1,707 thousand shares at March 31, 2023, with a weighted-average grant date fair value of $6.46[51] Taxes - Income tax benefit was $8.3 million for Q1 2023 compared to $0.1 million for Q1 2022[60] - Gross unrecognized tax benefits increased from $23.4 million at December 31, 2022 to $24.4 million at March 31, 2023[60] Leases - Weighted-average remaining lease term for operating leases decreased from 3.81 years at December 31, 2022 to 3.61 years at March 31, 2023[65] - Total lease payments as of March 31, 2023, amount to $45.4 million, with a present value of lease liabilities at $40.3 million[67] - The company's total undiscounted future expected obligations under multi-year agreements is $222.5 million[67] Accounts Receivable - Customer A represented 26% of the company's net accounts receivable balance as of March 31, 2023, down from 30% at the end of 2022[70] - Accounts receivable sold in Q1 2023 totaled $16.7 million, a decrease from $23.9 million in Q1 2022[71]