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Article Date: November 2019
Word Count: 114

GoPro’s Q3 is Awful, As Expected, From Production Delay


Net loss expanded 176% to $74,810,000 in the third quarter from a loss of $27,089,000 last year as revenues plummeted 54% to $131,169,000 from $285,936,000 as a production delay pushed deliveries of the new Hero8 cameras into Q4. Metrics were impacted by the drastically reduced revenues, with gross margin just 21.7%, down 1020 basis points from Q318, ... Log in to view full article.

 


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