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Article Date: February 2019
Word Count: 280

GoPro Turns Q4 Profit


Net income for Q4 2018 was $31.6 million compared to a loss of $55.8 million in 2017, the action camera maker’s first GAAP profit in five quarters, on revenue that increased 13% to $377.4 million, driven by growth in camera unit sell-through and market share. Full-year net loss for 2018 narrowed to $109 million, down from 2017’s loss of $182 million. Revenue showed a 3% decrease from 2017 to $1.15 billion. Gross margins increased 1390 bps to 37.7% from 23.8% for Q4, with year-end at 31.5%, a 110 bps decrease from 32.6%.

 

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