Gopro Inc Stock Price, News & Analysis

GoPro has launched the HERO11 Black Mini, a compact and lightweight camera designed for athletes and innovators. Available now on GoPro.com, it features a new 8:7 sensor, 5.3K video capability, and HyperSmooth 5.0 technology for steady footage. The HERO11 Black Mini retails at $299.98 for subscribers and $399.99 MSRP, with broader retail availability on the way. GoPro also introduced new lifestyle gear, including floating sunglasses and a high-performance Enduro battery.

GoPro reported a strong Q3 2022, with revenue of $305 million, exceeding consensus by 3%. The company achieved a 55% increase in subscribers year-over-year, reaching 2.1 million. GAAP EPS was $0.10, while non-GAAP EPS stood at $0.19. Subscription revenue surged 48% to $21 million, driving expectations for over $100 million in annual recurring revenue. However, gross margins declined significantly, with GAAP at 38.0% compared to 43.6% last year. Cash net of debt rose to $205 million, nearly doubling from the prior year.

GoPro, Inc. (NASDAQ: GPRO) has postponed the release of the HERO11 Black Mini, now set for November 18, 2022, with pre-orders available on GoPro.com. This delay, originally scheduled for October 25, allows the company to refine the product further. CEO Nicholas Woodman expressed enthusiasm for the Mini's capabilities. Meanwhile, the HERO11 Black and HERO11 Black Creator Edition remain available for purchase globally.

GoPro, Inc. (NASDAQ: GPRO) will announce its financial results for Q3 2022 after market close on November 3, 2022. A conference call and live webcast will follow at 2:00 p.m. PT to discuss the results. Investors can access the webcast link and management commentary on the investor relations section of GoPro's website. A replay will be available from approximately two hours after the call until February 1, 2023. GoPro, celebrating its 20th anniversary, focuses on helping users capture and share immersive experiences.

GoPro announced the launch of three new HERO11 Black cameras on September 14, 2022, featuring significant advancements such as a larger sensor, 10-bit color video capabilities, and HyperSmooth 5.0 stabilization. The models include HERO11 Black, HERO11 Black Creator Edition, and HERO11 Black Mini, catering to various user needs. Subscribers now benefit from automatic cloud backup and highlight videos sent to their phones. The HERO11 Black is priced at $399.98 for subscribers, with global availability starting immediately. These cameras enhance video quality and user experience significantly.

GoPro, Inc. (NASDAQ: GPRO) announced a significant milestone, surpassing two million subscribers for its subscription service, which contributes approximately $100 million in annual recurring revenue. This service, known for its high margins and profitability, offers features like unlimited cloud storage, auto-upload functionality, and exclusive discounts. CEO Nicholas Woodman and CFO Brian McGee highlighted ongoing subscriber growth, driven by the introduction of new features and benefits that enhance customer value.

GoPro, Inc. (NASDAQ: GPRO) will have its CEO Nicholas Woodman and CFO Brian McGee present at the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 9, 2022, at 2:05 PM Eastern Time. Investors can access a live webcast and replay on the Company's website in the 'Events & Presentations' section. Celebrating its 20th anniversary this year, GoPro continues to innovate in capturing and sharing immersive experiences.

GoPro, Inc. (GPRO) reported Q2 2022 financial results, showing significant growth in subscriptions, which increased by 65% year-over-year to 1.91 million. Revenue was $251 million, up slightly from $250 million in Q2 2021. However, GAAP net income fell to $3 million or $0.02 per share, a decline from $17 million or $0.10 per share a year ago. Additionally, gross margin decreased to 38.3%, down from 39.8% last year. Despite these challenges, the company anticipates strong hardware and software launches in the second half of 2022.

GoPro, Inc. (NASDAQ: GPRO) announced its financial results for Q2 2022 will be released on August 4, 2022, after market close. The conference call to discuss these results will occur at 2:00 p.m. PT and will be accessible via a live webcast. Investors can find the webcast link and further details on the Company's Investor Relations website. A replay will be available until October 27, 2022.

GoPro celebrates its 20th anniversary in 2022, focusing on capturing and sharing immersive experiences.