Gopro Inc Stock Price, News & Analysis

GoPro, Inc. (NASDAQ: GPRO) announced that its US patent portfolio has surpassed 1,000 granted patents, totaling over 1,600 globally. This milestone reflects the company's commitment to innovation since its founding in 2002. CEO Nicholas Woodman emphasized the importance of unique solutions in enhancing user experiences. GoPro's patent portfolio has received recognition, ranking 24th overall and 27th in high-tech by Patexia's 2021 report. Additionally, IEEE Spectrum ranked GoPro 4th in the electronics category for valuable patent portfolios in 2017.

GoPro, Inc. (NASDAQ: GPRO) announced its participation in the Citi 2021 Global Technology Virtual Conference on September 14, 2021, at 3:30 PM Eastern Time. The event will be webcast live and available for replay on the company's website. GoPro is known for helping users capture and share immersive experiences. For more details, visit investor.gopro.com.

Amazon and GoPro have filed a lawsuit against nine defendants for counterfeiting GoPro's camera accessories, such as 'The Handler' and '3-Way' grip. Filed in the U.S. District Court for Western Washington, the suit claims defendants misused GoPro's trademarks to mislead customers. Amazon proactively closed the defendants' accounts and refunded affected customers. The Counterfeit Crimes Unit, established by Amazon in 2020, plays a key role in combating counterfeit products, having invested over $700 million that year to protect its platform.

GoPro, Inc. (NASDAQ: GPRO) has announced its participation in two upcoming investor conferences. The first is the Oppenheimer Virtual Technology, Internet & Communications Conference on August 10, 2021, at 1:15 pm ET. The second is the BMO 2021 Technology Summit on August 25, 2021, at 2:00 pm ET. Live webcasts of these events will be accessible for replay on GoPro's investor website.

GoPro specializes in helping individuals capture and share their experiences in unique ways.

GoPro, Inc. reported strong Q2 2021 results, with revenue reaching $250 million, an 86% increase year-over-year. The company achieved a GAAP net income of $17 million, or $0.10 per share, compared to a loss of $51 million in Q2 2020. Gross margins improved to 39.8%, and GoPro closed Q2 with 1.16 million subscribers, up 211% year-over-year. Adjusted EBITDA was positive at $25 million. Management has raised revenue and margin outlook for the second half of 2021, highlighting a successful shift to a subscription-centric model.

GoPro, Inc. (NASDAQ: GPRO) will announce its Q2 2021 financial results post-market on August 5, 2021. A conference call for analysts and investors will take place that same day at 2 p.m. PT (5 p.m. ET). The earnings call will provide insights into GoPro's financial performance and future outlook. Interested parties can listen to the call via a live webcast on the Investor Relations website, with a recording available for 90 days afterward. Investors are encouraged to visit the company's site for further updates.

On June 22, 2021, GoPro (NASDAQ: GPRO) launched 'Open GoPro,' an open API initiative to enhance integration of HERO9 Black features by third-party developers. The API provides access to wireless connectivity, camera control, status updates, media review, and more. No application process is required. Notable companies like Amazfit, Centurion Boats, and Sena are already leveraging this technology. The HERO9 firmware update v1.6 also includes improvements in power management and connectivity, enhancing user experience. For more information, visit GoPro.com/OpenGoPro.

GoPro, Inc. (NASDAQ: GPRO) has announced its participation in two upcoming virtual investor conferences. The first is on May 18, 2021, at 3:00 PM ET during the Needham Virtual Technology & Media Conference. The second conference is the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2021, at 4:15 PM ET. Live webcasts of these presentations will be available on GoPro's investor relations website for replay. For more details, visit investor.gopro.com.

GoPro, Inc. reported Q1 2021 financial results, revealing a 71% increase in revenue to $204 million compared to Q1 2020. The company shifted to a subscription-centric model, contributing to expanded gross margins of 38.6% GAAP, an increase of 640 basis points year-over-year. Despite a GAAP net loss of $10 million ($0.07 per share), non-GAAP net income was positive at $5 million ($0.03 per share). GoPro also surpassed one million subscribers in April 2021, and camera sales surged, with 95% of revenue from units priced above $300.