HERO camera

Search documents
ITC Determines Infringement of GoPro's Iconic HERO Camera Design
Prnewswire· 2025-07-11 10:30
Core Viewpoint - GoPro, Inc. announced that an Administrative Law Judge (ALJ) of the International Trade Commission (ITC) found that Insta360 violated federal law by importing and selling products that infringe on GoPro's intellectual property related to its HERO camera design [1]. Group 1: Legal Findings - The ALJ's findings confirm that Insta360 infringed on GoPro's patent covering the HERO camera design (US Patent D789,435) and validated multiple patent claims related to GoPro's HyperSmooth video stabilization technology (US Patents 10,574,894 and 10,958,840) [2]. - GoPro plans to address other outstanding issues in its infringement case against Insta360 with the full ITC, which is expected to issue a Final Determination on all claims by November 10, 2025 [3]. Group 2: Intellectual Property and Innovation - The litigation process has enhanced GoPro's intellectual property portfolio, highlighting the company's history of innovation, which has resulted in over 1,500 US patents [3]. - GoPro's CEO, Nicholas Woodman, emphasized the company's commitment to protecting its intellectual property while welcoming fair competition that drives innovation [4].
GoPro Announces First Quarter Results
Prnewswire· 2025-05-12 20:05
Core Insights - GoPro, Inc. reported Q1 2025 revenue of $134 million, a decrease of 14% year-over-year, and positioned at the high end of guidance [1][6][7] - Subscription and service revenue increased by 4% year-over-year to $27 million, driven by a 5% growth in average revenue per user (ARPU) [1][7] - The company aims to return to revenue and profitability growth through new product launches planned for 2025 and 2026 [3] Financial Performance - Q1 2025 revenue was $134 million compared to $155.5 million in Q1 2024, reflecting a 13.6% decline [6][18] - Gross margin for Q1 2025 was 32.1%, down from 34.1% in the previous year, indicating a 200 basis points decrease [6][27] - GAAP net loss for Q1 2025 was $46.7 million, or $(0.30) per share, significantly improved from a net loss of $339 million, or $(2.24) per share, in Q1 2024 [7][18][24] Operational Highlights - Operating expenses decreased by 26% year-over-year, contributing to improved financial performance [2] - Sell-through of camera units was approximately 440,000, down 18% year-over-year [7] - The subscriber count at the end of Q1 2025 was 2.47 million, a slight decrease of 1% year-over-year [7] Product Developments - In January 2025, GoPro launched an upgrade for its entry-level HERO camera, enhancing video capabilities [7] - The company released an updated 360 mobile editing experience in its Quik App in February 2025 [7] - A Limited Edition Polar White colorway for the HERO13 Black camera was launched in March 2025, along with the Anamorphic Lens Mod [7] Cash Flow and Balance Sheet - Cash and cash equivalents at the end of Q1 2025 were $69.6 million, down from $102.8 million at the end of Q4 2024 [19][21] - Total assets decreased to $462.5 million from $543.7 million at the end of the previous year [19][20] - Total liabilities were $352.5 million, down from $391.9 million at the end of 2024 [20]