GoPro, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015
Jul 21 15
GoPro, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue was $419,919,000 compared to $244,605,000 for the same period a year ago. Operating income was $46,138,000 compared to operating loss of $16,666,000 for the same period a year ago. Income before income taxes was $46,260,000 compared to loss before income taxes of $18,202,000 for the same period a year ago. Net income was $35,031,000 compared to net loss of $19,841,000 for the same period a year ago. Diluted net income per share attributable to common stockholders was $0.24 compared to loss of $0.24 for the same period a year ago. Net cash provided by operating activities was $65,874,000 compared to net cash used in operating activities of $14,165,000 for the same period a year ago. Purchases of property and equipment were $16,062,000 compared to $7,668,000 for the same period a year ago. Non-GAAP net income was $50,715 compared to $11,774,000 for the same period a year ago. Non-GAAP diluted net income per share was $0.35 compared to $0.08 for the same period a year ago. Non-GAAP operating income was $65,845,000 compared to $17,803,000 for the same period a year ago. Adjusted EBITDA was $75,349,000 compared to $25,724,000 for the same period a year ago.
For the six months, the company reported revenue was $783,028,000 compared to $480,321,000 for the same period a year ago. Operating income was $68,406,000 compared to operating loss of $110,000 for the same period a year ago. Income before income taxes was $66,284,000 compared to loss before income taxes of $3,271,000 for the same period a year ago. Net income was $51,783,000 compared to net loss of $8,792,000 for the same period a year ago. Diluted net income per share attributable to common stockholders was $0.35 compared to loss of $0.11 for the same period a year ago. Net cash provided by operating activities was $132,141,000 compared to $6,749,000 for the same period a year ago. Purchases of property and equipment were $21,269,000 compared to $12,369,000 for the same period a year ago. Non-GAAP net income was $86,334,000 compared to $26,056,000 for the same period a year ago. Non-GAAP diluted net income per share was $0.58 compared to $0.19 for the same period a year ago. Non-GAAP operating income was $114,956,000 compared to $38,680,000 for the same period a year ago. Adjusted EBITDA was $131,856,000 compared to $54,351,000 for the same period a year ago.
The company anticipates revenue is to be between $430 million and $445 million for the third quarter of 2015. And at the midpoint of this guidance, it represents a 56% year-over-year increase. For the third quarter, the company expects its gross margin will be 46% plus or minus 50 basis points, up from the 44.5% in the prior year comparable quarter. The company estimates effective tax rate is to be approximately 24%. Accordingly, it anticipates EPS to be in the range of $0.29 to $0.32.
GoPro, Inc. Launches HERO4 Session
Jul 7 15
GoPro, Inc. announced HERO4 Session, the smallest, lightest, most convenient GoPro yet. 50% smaller and 40% lighter than company's HERO4 Black and Silver cameras, HERO4 Session packs company's Emmy ® image quality and performance into a new low-profile form factor. HERO4 Session benefits from a durable waterproof design that eliminates the need for a separate housing and features simple one-button control to make capturing immersive photos and video quicker and more convenient than ever before. HERO4 Session is compatible with existing GoPro mounts and will retail for $399.99 MSRP at authorized GoPro retailers around the world and on GoPro.com beginning July 12, 2015. HERO4 Session captures GoPro-quality 1080p60, 720p100 and 1440p30 video along with eight megapixel photos in Single, Burst and Time Lapse modes. It features many of the same innovative features found in company's HERO4 Black and Silver cameras, including SuperView™, Protune and Auto Low Light recording modes. An expanded set of controls and settings can be accessed when using the GoPro App or Smart Remote. Operating HERO4 Session is very simple. A short press of the shutter button quickly powers the camera on and video recording begins automatically. A long press of the shutter button powers the camera on and triggers Time Lapse photo capture. Press the shutter button again to save video or photo content and power the camera off. This simple one button design drastically improves the speed and convenience of capturing life moments as they happen. HERO4 Session is built to company's rugged standards and is waterproof to 33 feet (10 meters). It features a sleek frame mounting system that is compatible with company's expansive array of mounts. A dual microphone system dynamically switches sound recording between microphones to reduce wind noise during activities. Audio performance during water-based activities has been dramatically improved thanks to HERO4 Session’s waterproof design that eliminates the need for a separate waterhousing, which can often muffle sounds. The features are captures 8MP Single, Burst, and Time Lapse photos. Compatible with GoPro mounts and accessories. Dual Mic system captures enhanced audio during high wind and water-based activities. Built-in WiFi and Bluetooth® enable easy connectivity to GoPro App and Smart Remote. Auto image rotation corrects image orientation during recording. Includes standard and low-profile frame mounts for increased mounting versatility. and new Ball Joint Buckle mount is included.
GoPro Releases New Suite of Mounts and Accessories to Enhance Versatility of Every GoPro
Jul 6 15
GoPro, Inc. introduced a collection of new accessories to stoke out creativity and content capture with every GoPro camera. The products add to GoPro's expansive array of mounts and accessories, providing infinite options for capturing unique shots and immersive content. Two of the new mounts were designed specifically for use with the HERO4 Session camera, which GoPro also announced. The Ball Joint Buckle, which comes included with every HERO4 Session, has a rotating axis that allows for a range of perspectives from a single mounting position and enables users to quickly change the angle of capture without un-mounting the camera. GoPro has also released several additional accessories that are compatible with all HERO cameras, including: The Strap -- Delivers nearly limitless mounting possibilities without limiting range of motion, whether wrapped on hand, wrist, or leg. The Jam -- For the musician in life, The Jam mounts GoPro to just about anything on stage, whether it's a guitar headstock, drum hoop, keyboard, brass instrument, or a mic stand. Highly adjustable, the Jam can score any angle want. Casey -- GoPro's first travel and storage solution to keep all gear protected. Casey features a water-resistant, semi-rigid shell to protect against light rain and snow, while a padded interior with removable dividers protects arsenal of camera(s) and accessories. It will fit inside backpack, but is large enough to carry everything need to capture adventure.