GoPro, Inc. develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing, and enjoying engaging content. The company offers HERO line of capture devices, such as cameras; premium accessories, including battery BacPac, smart remote, and LCD touch BacPac accessories; and mounts comprising equipment-based mounts consisting of helmet, handlebar, roll bar, and grip and tripod mounts that enable consumers to capture content while engaged in a range of activities, as well as mounts that enable customers to wear the mount on their bodies, such as wrist housings, chest harnesses, and head straps. It also provides other accessories that includ...
3000 Clearview Way
San Mateo, CA 94402
Founded in 2004
GoPro, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2015; Provides Earnings Guidance for the First Quarter and Full Year of 2016
Feb 3 16
GoPro, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2015. For the quarter, the company reported revenue of $436,603,000 compared to $633,913,000 a year ago. GAAP operating loss was $41,294,000 compared to operating income of $173,688,000 a year ago. Non-GAAP operating loss was $21,629,000 compared to operating income of $193,241,000 a year ago. GAAP net loss was $34,451,000 or $0.25 per diluted share compared to net income of $122,260,000 or $0.83 per diluted share a year ago. Non-GAAP net loss was $11,396,000 or $0.08 per diluted share compared to $144,898,000 or $0.99 per diluted share a year ago. Adjusted LBITDA was $9,268,000 compared to adjusted EBITDA of $202,854,000 a year ago. Loss before income taxes was $40,972,000 compared to income before income taxes of $172,573,000 a year ago.
For the year, the company reported revenue of $1,619,971,000 compared to $1,394,205,000 a year ago. GAAP operating income was $54,748,000 compared to $187,035,000 a year ago. Non-GAAP operating income was $140,798,000 compared to $259,567,000 a year ago. GAAP net income was $36,131,000 or $0.25 per diluted share compared to $128,088,000 or $0.92 per diluted share a year ago. Non-GAAP net income was $111,564,000 or $0.76 per diluted share compared to $188,913,000 or $1.32 per diluted share a year ago. Adjusted EBITDA was $179,309,000 compared to $293,380,000 a year ago. Income before income taxes was $52,585,000 compared to $180,975,000 a year ago. Net cash provided by operating activities was $157,611,000 compared to $96,922,000 a year ago. Purchases of property and equipment, net was $51,245,000 compared to $27,210,000 a year ago.
For the first quarter of 2016, the company anticipates revenue of between $160 million and $180 million. The company anticipates adjusted EBITDA loss of between of $95 million, plus or minus $2.5 million. The first quarter is typically the company slowest seasonal quarter for revenue, and that will be the case in 2016.
For the full year 2016, the company anticipates revenue of between $1,350 million and $1,500 million.
GoPro, Inc. Announces Executive Changes, Effective from March 11, 2016
Feb 3 16
GoPro, Inc. announced that Brian McGee, a 30-year finance veteran who has served as CFO of two publicly-traded companies and who joined GoPro in 2015 from Qualcomm will succeed CFO Jack Lazar, effective from March 11, 2016.