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GoPro revenue drops, Karma drone delayed
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MacNN Staff
Join Date: Jul 2012
Status:
Offline
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Action camera maker GoPro announced its first quarter results on Thursday, and the news was largely bad. While unit sell-through of the cameras was close to the year-over-year compare, revenues dropped 49.5 percent from Q1 last year, though was slightly above the company's guidance. Overall, the company lost $107 million in GAAP net income, and margins declined to 32.5 percent from 45.1 percent in the year-ago quarter. The company further announced that it would be delaying its planned Karma drone product until this winter, which will likely further impact next quarter's results. The upside of the delay, said GoPro Founder and CEO Nicholas Woodman, is that the Karma will now benefit from debuting just before the holiday buying season. http://bit.ly/1OgpdgD
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Fresh-Faced Recruit
Join Date: May 2016
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Offline
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Thank god I sold my Gopro stocks ages ago. It has been awful investment for holder.
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