When Will GoPro Report Profitability?
GoPro’s (GPRO) revenue fell 7.5% YoY (year-over-year) in the first quarter to $202.3 million. GoPro managed to reduce its operating expenses by 28.5% to offset its declining sales, but it still reported an operating loss of $44.5 million in the first quarter. GoPro’s net income was -$47.4 million in the first quarter, and it saw non-GAAP (generally accepted accounting principles) EPS of -$0.34.