secwatch.observer — SEC 8-K summary
======================================

Issuer:     GoPro, Inc. (GPRO)
CIK:        0001500435
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001500435-23-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GoPro Q1 2023: Revenue $175M (-19% YoY), GAAP EPS -$0.19, subs up 36%
---------------------------------------------------------------------

- Revenue $175M, 6% above guidance midpoint, but down 19% YoY from $217M.
- GAAP net loss $30M (-$0.19 diluted EPS) vs net income $6M ($0.04) YoY.
- Subscribers 2.36M (+36% YoY); subscription & service revenue $23M (+24% YoY).
- GAAP gross margin 30.0% (down from 41.8% YoY) due to $24M price protection charges.
- Implementing pre-pandemic pricing to drive growth; $5M stock buyback in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500435/000150043523000047/0001500435-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500435/000150043523000047/gpro-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001500435-23-000047

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