Financial Data and Key Metrics Changes - In Q4 2023, revenue was $295 million, below the guidance of $325 million, primarily due to lower-than-expected demand trends in North America [11] - Non-GAAP earnings per share for Q4 was $0.02, with gross margin outperforming guidance by 140 basis points [11][12] - The company expects gross margin to improve from 32% in 2023 to a range of 35.5% plus/minus 50 basis points in 2024 [12] Business Line Data and Key Metrics Changes - Retail channel unit sell-through grew by 25% from May 2023 to the end of the year, while GoPro.com revenue, excluding subscription and services, decreased to 14% of total revenue from 33% in the prior year [6][7] - Entry-level camera sell-through represented 28% of the product mix in Q4, up from zero in the prior year [8] Market Data and Key Metrics Changes - The company added over 3,200 new retail doors since May 2023, exceeding its target for the year [10] - The subscriber base closed 2023 with over 2.5 million subscribers, representing a 12% year-over-year growth [16] Company Strategy and Development Direction - The company initiated a multi-year Total Addressable Market (TAM) expanding strategy aimed at long-term revenue, subscriber, and profit growth [6] - Plans to launch four new camera SKUs in 2024, with a focus on expanding product offerings and entering the motorcycle helmet market through the acquisition of Forcite Helmet Systems [13][14] Management Comments on Operating Environment and Future Outlook - Management noted that the strategic shift in pricing and marketing has created a groundswell of opportunity at retail [7] - The company is optimistic about the potential for subscriber growth and the impact of new product launches on overall revenue [16][18] Other Important Information - The company plans to refresh point-of-purchase merchandisers and enhance in-store brand presence to support retail growth [10] - The Quik desktop app for macOS and a new Premium+ subscription tier were launched to enhance subscriber offerings [17] Q&A Session Summary Question: Clarification on 2024 revenue guidance - Management indicated that they are currently only guiding for Q1 and that sell-through is performing well, with expectations of 550,000 units [20][21] Question: Incremental TAM from Forcite acquisition - Management acknowledged some cannibalization but emphasized the potential for expanded TAM through integrated technology in helmets [24][26] Question: Long-term growth for subscriber base - Management noted improvements in Average Revenue Per User (ARPU) and indicated that subscriber growth is tied to unit growth over time [30][31] Question: Gross margin outlook for 2024 - Management confirmed that key components for margin improvement remain the same, including new product costs and tariff savings [35][36]

Q4 2023 Preliminary Earnings Results Summary February 7, 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 “anticipate,” “believe,” “estimate,” “expect,” “intend,” “should,” “will”, “plan” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward ...

The Quik desktop app is available at no additional charge to GoPro subscribers. It syncs with the Quik mobile app, making it easy to start a project on one device and then finish it on another. Powerful yet convenient editing tools, such as a beat sync feature that automatically matches your edit points to the rhythm of your soundtrack, make advanced content creation easy. Quik's auto highlight editing feature ensures beginners can achieve pro-like results without any prior editing experience. GoPro subscri ...

GoPro Partners with the Biggest Snow Event of the Year to Bring Immersive Course Previews + Unique Perspectives from Aspen to Viewers Worldwide SAN MATEO, Calif., Jan. 25, 2024 /PRNewswire/ -- Today, GoPro (NASDAQ: GPRO) announced a partnership with X Games Aspen 2024 to be the official action camera of the elite winter ski and snowboard competition. More than 100 of the biggest names in action sports will compete in front of live crowds in Aspen, Colorado, with an additional 2.4 million viewers tuning in ...

While making investments, identifying solid opportunities can feel like looking for a needle in a haystack. While daunting, with enough time and patience it is possible. This article aims to point you towards three stocks that stand out as potential goldmines. They are all currently priced under $10 and the stocks are forecast to quadruple by 2028. These stocks under $10 each capitalize on a different sector from consumer electronics, to finance and automobile manufacturing. Let’s explore the strategic triu ...

The World's Top Freeride Skiers and Snowboarders to Wear GoPro Cameras in Competition to Deliver Thrilling Live POV and Action ContentSAN MATEO, Calif., Jan. 22, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced its continued partnership for the 2024 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 2023 Freeride World Tour generated more than 300M video v ...

SAN MATEO, Calif., Jan. 16, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced an agreement to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. GoPro intends to accelerate Forcite's vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time. "The greater helmet market represents a meaningful TAM expanding opportunity for GoPro, and we're exci ...

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 ...