GoPro experienced a net loss of $115,709,000 in Q4 ended Dec. 31, which included charges of $102 million for a full valuation allowance on U.S. deferred tax assets and nearly $37 million for restructuring costs, compared to a loss of $34,451,000 last year. Revenue climbed 24% to $540,621,000, compared to $436,603,000. GPRO said that its big investments in hardware, cloud and mobile yielded a solid foundational experience for consumers, and the company will focus on improving efficiency and managing costs to achieve profitability in 2017.

The biggest challenge to quarterly revenue was the Karma Drone, which was supposed to help make ... Log in to view full article.