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Article Date: February 2018
Word Count: 586

GoPro Narrows Loss in Q4, but Sales Miss

The struggling camera maker had a net loss of $55,848,000 against a loss of $115,709,000 in the final quarter, as sales came in at $334,796,000 down from $540,621,000 in Q4 last year and even below the $340 million top line figure in its lowered guidance a month ago. Gross margin plunged 1,540 b.p. to 23.8% from 39.2%. Not including the sacking of the entire drone department in Jan., deep cuts in operating expenses reduced the SG&A burden by $100 million, or 290 b.p. as a percent of sales. News of the weak results sent GPRO shares 3% lower after hours ... Log in to view full article.


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