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. develops camera hardware, mounts, accessories, applications, subscriptions and services for immersive image capture. News about GPRO commonly centers on new camera systems such as HERO, MAX and MISSION, imaging processors such as GP3, accessory ecosystems, product availability, industry awards and use cases in sports, content creation, aerospace and other demanding environments.
Company updates also cover earnings communications, direct and partner distribution, subscriber offers, collaborations with media and sports organizations, and efforts to extend GoPro technology into specialized markets including defense and aerospace. These releases connect product design, rugged-camera performance, software and services to the company's consumer and professional imaging business.
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.
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.