secwatch.observer — SEC 8-K summary
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Issuer:     GoPro, Inc. (GPRO)
CIK:        0001500435
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001500435-23-000077
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GoPro Q3 revenue $294M (-4% YoY); GAAP net loss $4M vs year-ago profit
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- GAAP net loss of $4M (-$0.02 EPS); non-GAAP net income of $6M ($0.04 EPS) vs $32M ($0.19) a year ago.
- Revenue $294M, down 4% YoY but 5% above midpoint of guidance; gross margin fell to 32.0% from 38.0%.
- Subscribers rose 20% YoY to 2.5M; subscription & service revenue grew 16% to $25M.
- Adjusted EBITDA of $7M plummeted from $35M in prior-year quarter; GoPro bought back $10M in stock in Q3.
- Entry-level cameras surged to 19% of camera revenue; camera ASP fell 17% to $319.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500435/000150043523000077/0001500435-23-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500435/000150043523000077/gpro-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001500435-23-000077

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