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Article Date: May 2024
Word Count: 266

GoPro Loss Widens in Q1


The red ink deepened at the action camera maker to $339,088,000 in Q1 from a loss of $29,869,000 last year, hit by a $295 million tax valuation allowance. Revenues were down 11% to $155,469,000 compared to $174,720,000 as its expansion strategy is taking longer than it anticipated. By region, the Americas declined 14% to $76.6 million, while EMEA was up 13% to $52.0 million due to the increase in doors, but APAC ticked 31% lower to $26.9 million. Sell-through was down about 7% at 530,000 units, with North America contracting ... Log in to view full article.

 


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