Categories AlphaGraphs, Earnings, Technology
GPRO Earnings: GoPro slips to a loss in Q2 2023 on lower revenues
GoPro, Inc. (NASDAQ: GPRO) reported a net loss for the June quarter, compared to a profit last year, as the action camera maker’s revenues declined.
Second-quarter net loss, on an adjusted basis, was $0.07 per share, compared to earnings of $0.08 per share a year earlier. On a reported basis, net loss was $17.2 million or $0.11 per share in Q2, compared to net income of $2.51 million or $0.02 per share in the prior-year period.
The bottom line was negatively impacted by a 4% decrease in revenues to $241 million. Meanwhile, total camera shipments increased 10% year-over-year to 704,000 units.
“In Q2, GoPro saw an immediate retail sales and GoPro subscription lift as a result of our mid-quarter go-to-market strategy shift that included a return to pre-pandemic pricing and a greater emphasis on retail sales,” said the company’s CEO Nicholas Woodman.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
