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June 03, 2015 2:29 AM ET

Household Durables

Company Overview of GoPro, Inc.

Company Overview

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

United States

Founded in 2004

970 Employees

Phone:

650-332-7600

Key Executives for GoPro, Inc.

Founder, Chairman and Chief Executive Officer
Age: 39
Total Annual Compensation: $800.0K
President and Director
Age: 47
Total Annual Compensation: $462.2K
Chief Financial Officer
Age: 49
Total Annual Compensation: $328.1K
General Counsel and Secretary
Age: 50
Total Annual Compensation: $275.0K
Senior Vice President of Marketing
Age: 46
Total Annual Compensation: $384.9K
Compensation as of Fiscal Year 2014.

GoPro, Inc. Key Developments

GoPro, Inc. Announces the Availability of its New Hero+ LCD Camera

GoPro, Inc. announced the availability of its new HERO+ LCD camera. Capturing life-like high definition 1080p60 video and 8MP photos, the HERO+ LCD features a convenient touch display for easy shot framing, settings control and access to an all-new in-camera video trimming feature. Like the entry-level HERO, the HERO+ LCD is built directly into its waterproof housing. The simplicity of this all-in-one design now combines with expanded features to make capturing life's memorable moments easier than ever. Rugged and waterproof to 131' (40m), HERO+ LCD also includes advanced features like HiLight Tagging and in-camera video trimming to make it easier to identify and share user favorite moments. HiLight Tagging lets user mark key moments while recording and during playback so user can easily find them later, and the all-new video trimming feature allows user to create short clips in-camera for easier sharing without a computer. Built-in Wi-Fi and Bluetooth connect the HERO+ LCD to user GoPro App-enabled smartphone or tablet for easy camera control and shot preview when user camera is mounted or out of reach. The GoPro App also allows for easy content sharing to Instagram, Facebook, Twitter and more and combines with the new in-camera video trimming feature to form a convenient content sharing solution. Whether user are a first-time user or a GoPro veteran, the HERO+ LCD is an impressive capture solution. It combines GoPro's famed image quality, versatility and durability with WiFi connectivity, long battery life and touch display convenience in an all-in-one design. HERO+ LCD $299.99 MSRP – All-in-one awesome + touch-display convenience. Professional-quality 1080p60 video and 8MP photo capture; Touch display for convenient camera control, shot framing, and in-camera playback; Built-in WiFi and Bluetooth enables connectivity to the GoPro App and Smart Remote; HiLight Tagging lets user mark key moments while recording or during playback for quick and easy editing; In-camera video trimming allows user to create short clips for easy content sharing without a computer; Power on and record automatically with the press of a single button with QuikCapture setting; Long-lasting battery delivers approximately two hours of recording time; Integrated housing design for simplicity and ease of use; and Supports microSD cards (at least Class 10 or UHS-I) up to 64GB. HERO+ LCD will be available for purchase in the U.S. at authorized GoPro retailers and GoPro.com beginning June 6, 2015. International availability will begin July 12, 2015.

GoPro, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

GoPro, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenue was $363.1 million, increased 54.0% compared to $235.7 million in the first quarter of 2014. Operating income was $22.3 million, increased 34.5% compared to $16.6 million in the first quarter of 2014. Net income attributable to common stockholders was $16.8 million or $0.11 per diluted share, increased 98.2% compared to $8.5 million or $0.08 per diluted share in the first quarter of 2014. Income before income taxes was $20.024 million against $14.931 million a year ago. Net cash provided by operating activities was $66.267 million against $20.914 million a year ago. Purchases of property and equipment were $5.207 million against $4.701 million a year ago. On non-GAAP basis, operating income was $49.1 million, increased 135.2% compared to $20.9 million in the first quarter of 2014. Adjusted EBITDA was $56.5 million, increased 97.4% compared to $28.6 million in the first quarter of 2014. Net income was $35.6 million or $0.24 per diluted share, increased 149.4% compared to $14.3 million or $0.10 per diluted share in the first quarter of 2014. For second quarter of 2015, the company expects an increase in revenue from both distribution and direct channels, with the dollar increase in the latter being more significant. The company currently anticipates revenue of between $380 million and $400 million. And at the midpoint of guidance, this represents an increase of 59% year-over-year and is greater than the 54% year-over-year growth just recorded in first quarter of 2015. The company expects gross margin will continue to be at or above long-term target. And accordingly, the company anticipates gross margin will be 45%, plus or minus 50 basis points and, at the midpoint, up 280 basis points from the 42.2% recorded in the prior year comparable quarter. The company estimates effective tax rate to be approximately 25%, with fully diluted shares outstanding of approximately 150 million. Accordingly, the company anticipates EPS to be in the range of $0.24 to $0.26.

GoPro, Inc. Presents at Cowen and Company 43rd Annual Technology, Media & Telecom Conference 2015, May-28-2015 08:45 AM

GoPro, Inc. Presents at Cowen and Company 43rd Annual Technology, Media & Telecom Conference 2015, May-28-2015 08:45 AM. Venue: The New York Palace Hotel, 455 Madison Avenue, New York, NY 10022, United States.

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