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.
