secwatch.observer — SEC 8-K summary
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Issuer:     GoPro, Inc. (GPRO)
CIK:        0001500435
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001500435-24-000078
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GoPro Q1 revenue $155M beats guidance but down 11% YoY; GAAP loss $339M on $295M tax allowance
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- Revenue $155M, 7% above guidance but down 11% YoY; retail channel revenue up 33% to $106M.
- GAAP net loss $339M ($2.24 EPS) vs $30M loss a year ago; includes $295M valuation allowance.
- Non-GAAP net loss $32M ($0.21 EPS) vs $25M loss; adjusted EBITDA negative $29M.
- Subscribers hit 2.5M (+6% YoY); subscription & service revenue $26M, up 12% YoY.
- Cash & marketable securities $134M; Q1 street ASP $395, up 5% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500435/000150043524000078/0001500435-24-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500435/000150043524000078/gpro-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001500435-24-000078

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