Welcome to our dedicated page for Gopro news (Ticker: GPRO), a resource for investors and traders seeking the latest updates and insights on Gopro stock.
GoPro Inc (NASDAQ: GPRO), the pioneer in action camera technology, empowers users worldwide to capture immersive experiences through rugged, innovative devices. This dedicated news hub provides investors and enthusiasts with timely updates on corporate developments, product innovations, and financial milestones.
Access official press releases, earnings reports, and strategic announcements in one centralized location. Stay informed about new product launches, partnerships, financial performance, and market initiatives that shape GoPro's position in the consumer electronics industry. Our curated collection serves as an essential resource for tracking the company's progress in advancing digital imaging solutions.
Bookmark this page for streamlined access to verified information about GoPro's technological advancements, community-driven initiatives, and corporate updates. Check back regularly to maintain current awareness of developments impacting this innovative leader in adventure-focused content creation.
GoPro (GPRO) announced the winners of its third annual Million Dollar Challenge, distributing $1 million among 56 creators, each receiving $17,857. This year's challenge received over 29,000 submissions from 125 countries, emphasizing the new HERO9 Black camera's capabilities. The HERO9 Black, launched in September, features a 23.6MP sensor and 5K video recording. GoPro's founder, Nicholas Woodman, highlighted the initiative's role in celebrating creativity within the community.
GoPro, Inc. (NASDAQ: GPRO) announced record-breaking sales during Black Friday and Cyber Monday, pushing its subscriber count beyond 670,000. CEO Nicholas Woodman anticipates over 700,000 subscribers by year-end, bolstered by strong performance on GoPro.com. The company also celebrated the sale of its 40 millionth camera since 2009, reflecting its continued popularity. Despite the positive momentum, potential challenges include dependence on direct-to-consumer sales and risks associated with economic fluctuations.
GoPro, Inc. (NASDAQ: GPRO) will present at the Wells Fargo 2020 Virtual TMT Summit on December 1, 2020. The presentation is scheduled for 5:20 pm ET (2:20 pm PT) and will be available for live webcast and replay on the company's website. GoPro is known for enabling users to capture and share immersive content. For more details, visit investor.gopro.com.
GoPro, Inc. (GPRO) announced the pricing of $125 million in 1.25% convertible senior notes due 2025, increasing from the previously announced $100 million. The notes will be sold privately, with a closing date expected on November 24, 2020. Initial conversion will allow holders to acquire shares at approximately $9.33 each, a 35% premium to the closing price of $6.91. The company anticipates net proceeds of $120.7 million, which will be used for a cash note repurchase and general corporate purposes, including potential acquisitions.
GoPro, Inc. (NASDAQ: GPRO) announced a proposed offering of $100 million in convertible senior notes due 2025. The offering will be made to qualified institutional buyers and includes a $15 million option for initial purchasers. The notes will be unsecured, with semiannual interest payments, and may be converted into GoPro's Class A common stock. Proceeds will fund capped call transactions and general corporate purposes, including potential acquisitions. Forward-looking statements involve risks, including market conditions and the ability to close the offering.
GoPro (GPRO) reported strong Q3 2020 results, achieving revenue of $281 million, up 109% from Q2 2020. The company posted GAAP net income of $3 million ($0.02 per share) and non-GAAP net income of $31 million ($0.20 per share), showcasing significant recovery from losses in Q3 2019. The HERO9 Black launch and subscription service growth added to the momentum, with over 500,000 subscribers. Gross margins improved significantly, reaching 35.4% GAAP and 36.2% non-GAAP. Operating cash flow was $100 million, and cash reserves rose to $147 million.
GoPro, Inc. (GPRO) announced the launch of its Max Lens Mod, now available for the HERO9 Black camera. This accessory enhances performance with features like unbreakable Max HyperSmooth stabilization, ultra-wide 155° Max SuperView, and horizon lock for perfect video alignment. Retailing at $99, it's offered at a 30% discount for GoPro subscribers. The Max Lens Mod is gaining popularity among users for its impressive stabilization and image quality, making it easier for creators to focus on their content without worrying about camera angles.
GoPro, Inc. (NASDAQ: GPRO) announced its financial results for Q3 2020 will be revealed on November 5, 2020, after market close. A conference call for analysts and investors is scheduled for the same day at 2 PM PT (5 PM ET) to discuss the results. The management commentary will be available on its Investor Relations site prior to the call. The webcast will be recorded and accessible afterward. For more details, visit GoPro's official website.
GoPro, Inc. (NASDAQ: GPRO) announced that demand for its HERO9 Black camera has boosted paid subscriber numbers past 500,000. The company expects to exceed its target of 600,000 to 700,000 subscribers by year-end. Sales on GoPro.com surged 230% compared to the same period in 2019, driven by strong demand for both the HERO9 Black and the GoPro subscription service. The subscription, available for $49.99 annually, provides various benefits including unlimited cloud storage. This shift toward direct-to-consumer sales is anticipated to enhance profitability.
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