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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. (NASDAQ: GPRO) will announce its financial results for Q3 2022 after market close on November 3, 2022. A conference call and live webcast will follow at 2:00 p.m. PT to discuss the results. Investors can access the webcast link and management commentary on the investor relations section of GoPro's website. A replay will be available from approximately two hours after the call until February 1, 2023. GoPro, celebrating its 20th anniversary, focuses on helping users capture and share immersive experiences.
GoPro announced the launch of three new HERO11 Black cameras on September 14, 2022, featuring significant advancements such as a larger sensor, 10-bit color video capabilities, and HyperSmooth 5.0 stabilization. The models include HERO11 Black, HERO11 Black Creator Edition, and HERO11 Black Mini, catering to various user needs. Subscribers now benefit from automatic cloud backup and highlight videos sent to their phones. The HERO11 Black is priced at $399.98 for subscribers, with global availability starting immediately. These cameras enhance video quality and user experience significantly.
GoPro, Inc. (NASDAQ: GPRO) announced a significant milestone, surpassing two million subscribers for its subscription service, which contributes approximately $100 million in annual recurring revenue. This service, known for its high margins and profitability, offers features like unlimited cloud storage, auto-upload functionality, and exclusive discounts. CEO Nicholas Woodman and CFO Brian McGee highlighted ongoing subscriber growth, driven by the introduction of new features and benefits that enhance customer value.
GoPro, Inc. (NASDAQ: GPRO) will have its CEO Nicholas Woodman and CFO Brian McGee present at the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 9, 2022, at 2:05 PM Eastern Time. Investors can access a live webcast and replay on the Company's website in the 'Events & Presentations' section. Celebrating its 20th anniversary this year, GoPro continues to innovate in capturing and sharing immersive experiences.
GoPro, Inc. (GPRO) reported Q2 2022 financial results, showing significant growth in subscriptions, which increased by 65% year-over-year to 1.91 million. Revenue was $251 million, up slightly from $250 million in Q2 2021. However, GAAP net income fell to $3 million or $0.02 per share, a decline from $17 million or $0.10 per share a year ago. Additionally, gross margin decreased to 38.3%, down from 39.8% last year. Despite these challenges, the company anticipates strong hardware and software launches in the second half of 2022.
GoPro, Inc. (NASDAQ: GPRO) announced its financial results for Q2 2022 will be released on August 4, 2022, after market close. The conference call to discuss these results will occur at 2:00 p.m. PT and will be accessible via a live webcast. Investors can find the webcast link and further details on the Company's Investor Relations website. A replay will be available until October 27, 2022.
GoPro celebrates its 20th anniversary in 2022, focusing on capturing and sharing immersive experiences.
GoPro, Inc. (GPRO) reported Q1 2022 revenue of $217 million, a 6% increase year-over-year. GAAP earnings per share (EPS) reached $0.04, while non-GAAP EPS was $0.09. Subscriber growth surged 85% to 1.74 million, contributing to a 73% rise in subscription and service revenue to $19 million. Cash and investments climbed 52% to $450 million. GoPro emphasized its ongoing transition to a direct-to-consumer model, with new product launches expected to drive further growth.
GoPro, based in San Mateo, California, announced its participation in two upcoming investor conferences. The Needham 17th Annual Technology & Media Conference is scheduled for May 16, 2022, at 3:00 PM Eastern Time, while the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference will take place on May 24, 2022, at 9:30 AM Eastern Time. Live webcasts and replays will be available on GoPro's website. Celebrating its 20th anniversary in 2022, GoPro continues to innovate in capturing and sharing immersive content.
GoPro, Inc. (NASDAQ: GPRO) will disclose its first quarter financial results for the period ending March 31, 2022, post-market on May 5, 2022. The company's management will provide insights through a conference call at 2:00 p.m. PT (5:00 p.m. ET) the same day. Interested parties can access the call via a designated number or through a live webcast available on the GoPro Investor Relations site. A replay of the session will also be accessible from approximately two hours after the call until July 28, 2022.
GoPro has launched the HERO10 Black Bones, the lightest GoPro yet, weighing just 54 grams. Designed for FPV (First Person View) drone cinematographers, it offers the same image quality as the HERO10 Black, featuring the high-performance GP2 processor and HyperSmooth 4.0 stabilization technology. Priced at $399.99 with a one-year subscription or $499.99 without, the camera captures 5K and 4K video at impressive frame rates. Available immediately, the launch follows the recent introduction of the HERO10 Black Creator Edition.
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