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GoPro | 10-Q: Q2 2024 Earnings Report

GoPro | 10-Q: Q2 2024 Earnings Report

GoPro | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/06 17:10

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GoPro reported Q2 2024 revenue of $186.2 million, down 23% year-over-year, with a net loss of $47.8 million. Camera units shipped decreased 18% to 576,000 units. The company cited delayed product launches, channel inventory reduction, and macroeconomic headwinds as factors impacting results.Gross margin declined slightly to 30.5% from 31.4% last year. GoPro.com revenue, including subscriptions, represented 26.4% of total revenue compared to 31.4% in Q2 2023. The company's subscription attach rate was 45%, with annual subscriber retention improving to 68%.GoPro ended the quarter with $133 million in cash and cash equivalents. Management believes current cash resources are sufficient for at least 12 months, but noted ongoing evaluation of cost reduction initiatives and other measures to improve liquidity. The company also established a $295 million valuation allowance on U.S. deferred tax assets due to recent negative developments.
GoPro reported Q2 2024 revenue of $186.2 million, down 23% year-over-year, with a net loss of $47.8 million. Camera units shipped decreased 18% to 576,000 units. The company cited delayed product launches, channel inventory reduction, and macroeconomic headwinds as factors impacting results.Gross margin declined slightly to 30.5% from 31.4% last year. GoPro.com revenue, including subscriptions, represented 26.4% of total revenue compared to 31.4% in Q2 2023. The company's subscription attach rate was 45%, with annual subscriber retention improving to 68%.GoPro ended the quarter with $133 million in cash and cash equivalents. Management believes current cash resources are sufficient for at least 12 months, but noted ongoing evaluation of cost reduction initiatives and other measures to improve liquidity. The company also established a $295 million valuation allowance on U.S. deferred tax assets due to recent negative developments.
GoPro报告了2024年第二季度营业收入为18620万元,同比下降23%,净亏损为4780万元。发货的相机单位下降了18%,降至576,000台。公司指出,产品发布延迟、渠道库存减少以及宏观经济逆风等因素对结果产生了影响。毛利率从去年的31.4%轻微下降至30.5%。GoPro.com的营业收入,包括订阅,占总营业收入的26.4%,相比于2023年第二季度的31.4%。公司的订阅附加率为45%,年度订阅者保留率提高至68%。GoPro在季度末的现金及现金等价物为13300万元。管理层认为当前现金资源足以维持至少12个月,但指出正在持续评估成本削减措施和其他改善流动性的措施。由于最近的负面发展,公司还在美国递延税资产上设立了29500万元的估值准备。
GoPro报告了2024年第二季度营业收入为18620万元,同比下降23%,净亏损为4780万元。发货的相机单位下降了18%,降至576,000台。公司指出,产品发布延迟、渠道库存减少以及宏观经济逆风等因素对结果产生了影响。毛利率从去年的31.4%轻微下降至30.5%。GoPro.com的营业收入,包括订阅,占总营业收入的26.4%,相比于2023年第二季度的31.4%。公司的订阅附加率为45%,年度订阅者保留率提高至68%。GoPro在季度末的现金及现金等价物为13300万元。管理层认为当前现金资源足以维持至少12个月,但指出正在持续评估成本削减措施和其他改善流动性的措施。由于最近的负面发展,公司还在美国递延税资产上设立了29500万元的估值准备。
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