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Article Date: February 2020
Word Count: 253

GoPro Net Triples in Final Quarter


Net income jumped 203% to $95,820,000 from $31,671,000 as revenue saw a 40% increase to $528,345,000 from $377,378,000 for the fourth quarter ending Dec. 31, GPRO’s second most profitable quarter in its history. Camera units shipped were up 31% year-over-year to 1.85 million from 1.41 million, led by the company’s highest end products, helping average selling price and leading to 90% of full year 2019 revenues coming from the $300 and above price band. Strong sell-throughs for the HERO8 Black and MAX 360-degree camera during the Black Friday through Cyber Monday period then fell off to levels that were still ... Log in to view full article.

 


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