GPRO’s net loss was smaller at $76,347,000 in the first quarter against a loss of $111,150,000 last year, but revenues declined 7% to $202,346,000 from $218,614,000 and gross margin was 920 basis points lower at 22.2%. GPRO made progress on its efforts at operating expense controls, cutting $37 million, or 1260 b.p. of revenue from R&D and SG&A. In what is typically a small quarter after Holiday, the company noted that its Plus subscriptions were up 17% since Dec. 31 to 147,000 as it tries to convert ... Log in to view full article.