Gopro Inc Stock Price, News & Analysis

GoPro, Inc. (NASDAQ: GPRO) will announce its financial results for the first quarter that ended on March 31, 2021, on May 6, 2021, after market close. A conference call hosted by management will follow at 2 p.m. Pacific Time (5 p.m. Eastern Time) to discuss these results. The call will be accessible via a live webcast and will also be recorded for later access on the company's Investor Relations website. Investors can expect management commentary in the 'Events & Presentations' section prior to the call.

GoPro launched a new mobile app named Quik on March 16, 2021, which offers an easy way to organize and edit photos and videos. The app addresses the 'black hole' problem of camera rolls by allowing users to import and manage their favorite media efficiently. Key features include unlimited importing, cloud backup, automatic video creation, and powerful editing tools. Quik is available for both iOS and Android, with a subscription model starting at $1.99/month.

The launch aims to enhance user engagement and presents a long-term growth opportunity for GoPro.

GoPro, Inc. (NASDAQ: GPRO) has announced its participation in two virtual investor conferences. The first is the JMP Securities Technology Conference on March 1, 2021, at 2:30 pm ET, followed by the Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021, at 5:00 pm ET. Live webcasts will be accessible for replay on GoPro's website. These events highlight GoPro's ongoing commitment to engage with investors and showcase its innovative products.

GoPro, Inc. (NASDAQ: GPRO) reported Q4 2020 revenue of $358 million, a 28% increase from Q3 2020. However, annual revenue declined 25% to $892 million compared to $1.19 billion in 2019. The company achieved a GAAP net income of $44 million in Q4 but faced a GAAP net loss of $67 million for the full year. Cash flow from operations exceeded $200 million in H2 2020, with a 52% increase in subscribers. The shift to a subscription model is yielding positive cash generation, with 761,000 subscribers by year-end.

GoPro, Inc. (NASDAQ: GPRO) will release its fourth quarter and full year 2020 financial results on February 4, 2021, after market close. A conference call for analysts and investors will follow on the same day at 2 p.m. PT. The management commentary will be available on their Investor Relations website prior to the call. A live webcast will also be accessible, with a recorded version available for 90 days post-call. This event highlights GoPro's commitment to transparency and investor engagement.

GoPro (GPRO) announced a new firmware update for its GoPro Labs program, enhancing features for HERO9 Black, HERO8 Black, HERO7 Black, and GoPro MAX cameras. The update includes innovative functionalities such as Camera Motion Triggers, USB Power Triggers, and upgraded Motion Detection. Users can also benefit from a Simplified Live Streaming QR Code and New Exposure Modes. The firmware aims to empower advanced users and enhance user experience. GoPro founder Nicholas Woodman will discuss these features in a live 12 PM PT interview on Engadget.

GoPro, Inc. (NASDAQ: GPRO) has announced a new firmware update for its HERO9 Black camera, enhancing compatibility with the new The Remote, a rugged and waterproof Bluetooth® remote. The firmware improves wireless transfer speeds by up to 30%, boosts HyperSmooth 3.0 performance in cold weather, and introduces features like a slo-mo shortcut and enhanced GPS accuracy. Updates were also released for HERO8 Black and GoPro MAX, improving wireless speeds by 15% and 20%. The Remote can control up to five cameras within 200 feet.

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.