secwatch.observer — SEC 8-K summary
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Issuer:     GoPro, Inc. (GPRO)
CIK:        0001500435
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001500435-22-000055
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GoPro Q3 revenue $305M (-4% YoY); GAAP EPS $0.10, non-GAAP EPS $0.19; subscribers 2.1M (+55%)
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- Revenue $305M, down 4% YoY on dollar basis but up 2% in constant currency; subscription revenue $21M (+48%).
- GAAP net income $18M ($0.10/diluted share); non-GAAP net income $32M ($0.19/diluted share).
- Subscribers grew 55% YoY to 2.1M; annual recurring subscription revenue expected to exceed $100M moving forward.
- GAAP gross margin 38.0% vs 43.6% YoY; adjusted EBITDA $35M (12% of revenue) down from $60M (19%).
- Cash net of debt nearly doubled to $205M from $110M in Q3 2021; Street ASP rose 1% to $383.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500435/000150043522000055/0001500435-22-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500435/000150043522000055/gpro-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001500435-22-000055

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer