Welcome to our dedicated page for GoPro news (Ticker: GPRO), a resource for investors and traders seeking the latest updates and insights on GoPro stock.
GoPro, Inc. (NASDAQ: GPRO), headquartered in San Mateo, California, is a leading manufacturer of action cameras, camera accessories, mounts, and drones. The company is globally recognized for revolutionizing the way people capture and share their lives. Founded to enable athletes to self-document their sports activities, GoPro has grown to serve a wide array of consumers, from extreme sport enthusiasts to everyday users.
GoPro's primary product line includes its flagship HERO series of action cameras, which are known for their durability and high-quality video capture. The company also offers an array of mounts and accessories to enhance the functionality of its cameras. In recent years, GoPro has expanded its product offerings to include the Quik app—a user-friendly video editing software designed to help users create professional-quality videos effortlessly.
In terms of manufacturing, GoPro outsources a significant portion of its production to third-party manufacturers in China. The company's sales strategy is diverse, with products available through direct sales channels, which account for more than half of the total revenue, as well as through a broad network of retail partners and distributors across the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.
GoPro continues to innovate with new subscription tiers such as GoPro Premium and Premium+, providing users with advanced features like unlimited cloud storage, auto-editing tools, and enhanced video stabilization. The recent launch of the Quik desktop app for macOS, soon to be available on Windows, exemplifies GoPro's commitment to offering versatile and powerful content creation tools for both beginners and advanced users.
Financially, GoPro has demonstrated resilience and growth. The company's Q1 2024 results showed significant revenue increases and high subscriber retention rates. GoPro also engages in strategic repurchase of convertible notes and stocks to enhance shareholder value.
In addition to its core business, GoPro engages in various strategic partnerships and initiatives. For instance, the company launched the GoPro PADI Distinctive Specialty Course in collaboration with the Professional Association of Diving Instructors to train scuba divers in using GoPro cameras for capturing underwater adventures. Furthermore, the annual GoPro Mountain Games in Vail, Colorado, highlights GoPro's involvement in promoting outdoor sports and lifestyle.
GoPro's dynamic approach extends to its support for young athletes through initiatives like the Grom Quest Challenge, a video submission contest aimed at discovering and nurturing young talent in action sports. This reinforces the company's mission to empower people to capture and share their passions.
GoPro has been recognized as a top employer by Outside Magazine and US News & World Report, affirming its standing as an attractive workplace. For more information, visit GoPro.com and connect with GoPro on social media platforms including Facebook, Instagram, LinkedIn, TikTok, X (formerly Twitter), YouTube, and GoPro's blog, The Current.
GoPro, Inc. reported strong Q2 2021 results, with revenue reaching $250 million, an 86% increase year-over-year. The company achieved a GAAP net income of $17 million, or $0.10 per share, compared to a loss of $51 million in Q2 2020. Gross margins improved to 39.8%, and GoPro closed Q2 with 1.16 million subscribers, up 211% year-over-year. Adjusted EBITDA was positive at $25 million. Management has raised revenue and margin outlook for the second half of 2021, highlighting a successful shift to a subscription-centric model.
GoPro, Inc. (NASDAQ: GPRO) will announce its Q2 2021 financial results post-market on August 5, 2021. A conference call for analysts and investors will take place that same day at 2 p.m. PT (5 p.m. ET). The earnings call will provide insights into GoPro's financial performance and future outlook. Interested parties can listen to the call via a live webcast on the Investor Relations website, with a recording available for 90 days afterward. Investors are encouraged to visit the company's site for further updates.
On June 22, 2021, GoPro (NASDAQ: GPRO) launched 'Open GoPro,' an open API initiative to enhance integration of HERO9 Black features by third-party developers. The API provides access to wireless connectivity, camera control, status updates, media review, and more. No application process is required. Notable companies like Amazfit, Centurion Boats, and Sena are already leveraging this technology. The HERO9 firmware update v1.6 also includes improvements in power management and connectivity, enhancing user experience. For more information, visit GoPro.com/OpenGoPro.
GoPro, Inc. (NASDAQ: GPRO) has announced its participation in two upcoming virtual investor conferences. The first is on May 18, 2021, at 3:00 PM ET during the Needham Virtual Technology & Media Conference. The second conference is the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2021, at 4:15 PM ET. Live webcasts of these presentations will be available on GoPro's investor relations website for replay. For more details, visit investor.gopro.com.
GoPro, Inc. reported Q1 2021 financial results, revealing a 71% increase in revenue to $204 million compared to Q1 2020. The company shifted to a subscription-centric model, contributing to expanded gross margins of 38.6% GAAP, an increase of 640 basis points year-over-year. Despite a GAAP net loss of $10 million ($0.07 per share), non-GAAP net income was positive at $5 million ($0.03 per share). GoPro also surpassed one million subscribers in April 2021, and camera sales surged, with 95% of revenue from units priced above $300.
GoPro (GPRO) has expanded its lifestyle gear collection with several new products. The highlights include Mezcal floating sunglasses priced at $79.99, a 30L Weekender Backpack retailing at $129.99, and five new T-shirts featuring collaborations with artists, including a limited-edition benefiting Protect Our Winters (POW). GoPro Subscribers enjoy discounts of up to 50% on these items. The new gear aims to enhance the outdoor lifestyle experience and is now available at GoPro.com.
GoPro, Inc. (NASDAQ: GPRO) will announce its financial results for the first quarter that ended on March 31, 2021, on May 6, 2021, after market close. A conference call hosted by management will follow at 2 p.m. Pacific Time (5 p.m. Eastern Time) to discuss these results. The call will be accessible via a live webcast and will also be recorded for later access on the company's Investor Relations website. Investors can expect management commentary in the 'Events & Presentations' section prior to the call.
GoPro launched a new mobile app named Quik on March 16, 2021, which offers an easy way to organize and edit photos and videos. The app addresses the 'black hole' problem of camera rolls by allowing users to import and manage their favorite media efficiently. Key features include unlimited importing, cloud backup, automatic video creation, and powerful editing tools. Quik is available for both iOS and Android, with a subscription model starting at $1.99/month.
The launch aims to enhance user engagement and presents a long-term growth opportunity for GoPro.
GoPro, Inc. (NASDAQ: GPRO) has announced its participation in two virtual investor conferences. The first is the JMP Securities Technology Conference on March 1, 2021, at 2:30 pm ET, followed by the Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021, at 5:00 pm ET. Live webcasts will be accessible for replay on GoPro's website. These events highlight GoPro's ongoing commitment to engage with investors and showcase its innovative products.
GoPro, Inc. (NASDAQ: GPRO) reported Q4 2020 revenue of $358 million, a 28% increase from Q3 2020. However, annual revenue declined 25% to $892 million compared to $1.19 billion in 2019. The company achieved a GAAP net income of $44 million in Q4 but faced a GAAP net loss of $67 million for the full year. Cash flow from operations exceeded $200 million in H2 2020, with a 52% increase in subscribers. The shift to a subscription model is yielding positive cash generation, with 761,000 subscribers by year-end.
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