GoPro

This article on CNBC has the title, “GoPro has hired JP Morgan to put itself up for sale.”

GoPro’s press release of yesterday had the following title: “GoPro to Offer $150 Million of Convertible Senior Notes due 2022.”  Well, okay, they’ve run through a lot of cash lately.  That they might want to raise some makes sense.  We don’t yet know anything about the terms.  “The interest rate, conversion rate, offering price and

Let’s just jump right to a comment CEO Nick Woodman made during the conference call. “I would say that we are more focused on revenue and margin and less focused on volume on a unit basis.” That sounds to me like GoPro is more interested in the higher end of the market.  And they should

As part of a press release entitled “Solid Holiday Demand in the U.S. for GoPro HERO5,” GoPro announced, further down the press release, that its board of directors had “…approved a restructuring of the Company’s business.  The restructuring includes a global reduction-in-force, the closure of the Company’s entertainment division and the consolidation of certain leased

I like GoPro’s strategy.  Or at least, I don’t know what other strategy I could choose to pursue as a public company in their space.  Here’s how they describe its evolution in the 10-Q for September 30.  “What began as an idea to help athletes document themselves engaged in sport, GoPro has become an end-to-end

Just what kind of company is GoPro exactly?  Well, obviously, in spite of its recent difficulties, it’s a huge success.  How else can you characterize a founder and a company that recognized and created a new market, took the lead in it and built a billion-dollar business?  But having accomplished that, it now has to

GoPro released the 10-Q for their quarter ended March 31st last Thursday.  The company’s net income dropped from a profit of $16.8 million in last year’s quarter to a loss of $107.5 million in this year’s.  The balance sheet remains very solid, though not quite as solid as a year ago. We’ll have our usual

On January 13th, GoPro filed an 8-K with the SEC. In the press release it included, they announced expected fourth quarter revenue of $435 million and $1.6 billion for the year and a projected gross margin of 34.5% to 35.5%. The annual number represents 16% year over year revenue growth. By way of comparison, in

On the face of it, GoPro had a pretty good quarter and, as usual, we’ll take a look at the numbers. The stock closed at $30.21 on October 28th. They released their earnings after the market closed. The next day, the stock closed at $25.62, down 15.2% on by far the biggest trading volume since

Isn’t it interesting that I’m writing about GoPro at all? In 1995 I wrote my first column for Transworld Snowboarding Business and now, somehow, I’m writing about a consumer electronics company. Relax GoPro people. I know you aren’t really a consumer electronics company. Or at least, you don’t want to be even though right now