Net loss was $27,089,000 in the third quarter against income of $14,661,000 last year while revenues declined 13% to $285,936,000 from $329,805,000. GPRO shares were down 7% in after hours trading on the news. Excluding stock based compensation, restructuring and other items, adjusted net loss was $6,058,000 down from adjusted net income of $21,149,000. Gross margin cratered 770 basis points to 31.8%, and SG&A was $10 million lower from deep cuts to R&D partially offset by increased spending on sales and marketing, but still delevered 220 b.p. as a percent of revenues. Total headcount has fallen to 927 from 1,254 ... Log in to view full article.