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GoPro sells super tough cameras that are used by people who like to do extreme things. The company has been trying to shift its business model to increasingly include subscriptions.
GoPro's shares have been under pressure amid a string of disappointing results. The stock's depressed valuation of just 0.3 times sales may be justified given the risks.
GoPro (GPRO) highlights that job cuts will result in cash expenditures of $2 million in the first quarter of 2024.
GoPro Inc.'s GPRO, -2.64% stock rose 3.6% in extended traded Tuesday after the digital-camera maker said it will trim its workforce 4% to save about $7.5 million in costs. The restructuring, which seeks to reduce operating costs and drive stronger operating leverage, will also reduce the Silicon Valley company's office space.
GoPro (GPRO) reported earnings 30 days ago. What's next for the stock?
Shares of GoPro may now be priced below the company's liquidation value. The brand name and underlying tech could be worth something to the right suitor.
GoPro makes rugged digital cameras often used by sports enthusiasts to capture their exciting escapades. GoPro expanded its product line to include services, boosting margins and generating repeatable subscription fees.
SAN MATEO, Calif. , Feb. 21, 2024 /PRNewswire/ -- GoPro , Inc. (NASDAQ: GPRO) today announced that Founder and Chief Executive Officer Nicholas Woodman and Chief Financial Officer and Chief Operating Officer Brian McGee will present at the Morgan Stanley Technology, Media & Telecom Conference at the Palace Hotel in San Francisco, CA on Tuesday, March 5, 2024 at 11:45 am PT.
Shares of the once-popular action camera maker have fallen 97% from all-time highs. The company's subscription growth is stagnating, and hardware margins are falling.
While the top- and bottom-line numbers for GoPro (GPRO) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.