It has been about a month since the last earnings report for GoPro (GPRO) . Shares have lost about 10.9% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is GoPro due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. GoPro’s Q4 Earnings Miss EstimatesGoPro reported fourth ...

Let there be no confusion -- buying a stock because you think the company is an acquisition target isn't investing. It's certainly not in line with our Foolish philosophy, which (among other things) suggests holding proven, quality brands for the long haul. All-or-nothing bets just aren't our thing.Every once in a blue Moon, however, a potential buyout candidate just so happens to be one because the market appears to be undervaluing that company's brand, operation, and future prospects.That's arguably where ...

Wall Street often gets enamored with new and exciting technology. But, eventually, investors hone in on the financial statements as the source for their evaluation of a company. The "nifty technology versus earnings" dichotomy is what investors have to consider when they evaluate camera maker GoPro (GPRO -3.54%).Is this tech company a buy, sell, or hold? Most will probably want to err on the side of caution. Here's what you need to know.What does GoPro do?The core of GoPro's business is its camera equipment ...

SAN MATEO, Calif., Feb. 21, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that Founder and Chief Executive Officer Nicholas Woodman and Chief Financial Officer and Chief Operating Officer Brian McGee will present at the Morgan Stanley Technology, Media & Telecom Conference at the Palace Hotel in San Francisco, CA on Tuesday, March 5, 2024 at 11:45 am PT.A webcast of the event will be available live and accessible for replay on the "Events & Presentations" section of the Company's website a ...

The last decade has not been kind to GoPro (GPRO 0.63%) shareholders. After reaching a market capitalization of over $10 billion shortly after its initial public offering (IPO), GoPro shares have fallen a whopping 97% from all-time highs, meaning that for every $100 invested at the stock price peak, only $3 remains today. Yet, the company is still kicking. In fact, it generated $1 billion in revenue over the past 12 months. GoPro has gone from a technology favorite to a stock that has been tossed aside by m ...

For the quarter ended December 2023, GoPro (GPRO) reported revenue of $295.42 million, down 8% over the same period last year. EPS came in at $0.02, compared to $0.12 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $326.99 million, representing a surprise of -9.65%. The company delivered an EPS surprise of -33.33%, with the consensus EPS estimate being $0.03.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

The fourth quarter of 2023 was another weak quarter for GoPro (GPRO), and shares took it on the chin when results were released. The stock dropped as much as 15.5% this week and, according to data provided by S&P Global Market Intelligence, shares were down 13.2% just 30 minutes before the week's trading ended on Wall Street.Disappointing where it matters mostRevenue fell 8% in the quarter to $295 million, despite subscription revenue rising 13% to $25 million. But GoPro reported a $2.4 million loss, or $0. ...

GoPro (GPRO -12.76%) stock is sinking in Thursday's trading. The company's share price was down 11% as of 1:15 p.m. ET, according to data from S&P Global Market Intelligence.GoPro published fourth-quarter results after the market closed yesterday, reporting disappointing sales and earnings performance. The action camera specialist posted non-GAAP (adjusted) earnings per share of $0.02 on sales of $295.42 million. Meanwhile, the average analyst estimate had called for the business to post earnings of $0.03 p ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Product Launch and Features - GoPro's HERO12 Black camera launched in September 2023, features 5.3K video at 60 FPS, 27-megapixel photo resolution, and improved HyperSmooth 6.0 stabilization[17] - The HERO11 Black camera features 5.3K video at 60 FPS and cloud connectivity for automatic uploads, enhancing user experience[22] - The HERO12 Black includes advanced features such as 10-bit color video, 27-megapixel photo resolution, and improved battery performance with the Enduro Battery[96] Subscription and Revenue Growth - GoPro had 2.5 million subscribers as of December 31, 2023, representing a 12% year-over-year growth[22] - The Premium+ subscription launched in February 2024, offering 500 GB of cloud storage and enhanced editing features[19] - Subscription and service revenue grew by 18.4% year-over-year to $97.5 million, with 2.5 million GoPro subscribers as of December 31, 2023, an 11.5% increase year-over-year[105] Revenue and Sales Performance - GoPro.com revenue accounted for 30% of net revenue in 2023, down from 38% in 2022, while retail sales accounted for 70% in 2023, up from 62% in 2022[27] - Annual revenue decreased from $1.09 billion in 2022 to $1.01 billion in 2023, with a net loss of $53.2 million in 2023 compared to a net income of $28.8 million in 2022[42] - Total revenue for 2023 was $1.005 billion, an 8.1% decrease from 2022, primarily due to a reduction in MSRP across the camera lineup and a shift to lower price tiers[114] Market Strategy and Competition - GoPro's strategy focuses on expanding its total addressable market through new camera types, accessories, and subscription offerings[20] - The company competes with major brands like Canon, Nikon, Samsung, and Sony, emphasizing its durable and versatile product design[33] - GoPro's marketing strategy includes leveraging user-generated content, which has reached over 26 billion views on TikTok tagged with GoPro[32] Financial Challenges and Losses - The company experienced a decline in camera sales and attach rates, which could adversely affect subscriber growth and overall profitability[43] - The company incurred an operating loss in 2023, with an accumulated deficit of $249.3 million as of December 31, 2023, emphasizing the need for effective expense management[53] - Net loss for the full year 2023 was $53.2 million, compared to net income of $28.8 million in 2022, and Q4 2023 net loss was $2.4 million compared to net income of $3.1 million in Q4 2022[105] Research and Development - Research and development expenses were $165.7 million in 2023, up from $139.9 million in 2022 and $141.5 million in 2021, with expectations for continued substantial expenses in 2024[44] - GoPro's investments in new camera features and software offerings are expected to drive revenue growth and expand its total addressable market[97] Operational and Supply Chain Risks - The company relies on third-party suppliers for components, with risks of supply shortages and long lead times affecting production capabilities[45] - The company expects to continue facing challenges related to supply chain disruptions, including equipment breakdowns and labor shortages, which could adversely affect sales and financial performance[46] - Economic downturns and inflationary pressures may adversely affect consumer spending and demand for the company's products, impacting financial performance[43] Stock and Financing - The company has a stock repurchase program authorized for up to $140 million, with $70,382 remaining available for repurchase as of December 31, 2023[92] - The company has $93.8 million in aggregate principal amount of convertible senior notes due in 2025 after repurchasing $50.0 million of the notes for $46.3 million in cash[75] - The company’s credit facility imposes restrictions that may limit its ability to operate and pursue business opportunities, including acquisitions[76] Environmental, Social, and Governance (ESG) Initiatives - The company published its 2023 Sustainability Snapshot, highlighting ongoing efforts to reduce carbon footprint and improve corporate social responsibility (CSR) initiatives[58] - There is increasing scrutiny regarding the company's Environmental, Social, and Governance (ESG) practices, which could lead to additional costs and reputational risks[58] Inventory and Cash Management - Inventory balances decreased from $127.1 million in 2022 to $106.3 million in 2023, reflecting a decrease of $20.8 million[149] - Cash and cash equivalents as of December 31, 2023, were $222,708,000, a slight decrease from $223,735,000 in 2022[129] - The company expects operating expenses and inventory purchases to be a significant use of cash balances moving forward[137]