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GoPro | 10-Q: Q3 2024 Earnings Report

GoPro | 10-Q: Q3 2024 Earnings Report

GoPro | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/08 06:29

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GoPro reported Q3 2024 revenue of $258.9 million, down 12% year-over-year, with a net loss of $8.2 million compared to $3.7 million in Q3 2023. Camera units shipped decreased 4.6% to 881,000. Gross margin improved to 35.5% from 32.0% last year. The company cited macroeconomic challenges and increased competition, particularly in China, as factors impacting performance.GoPro's retail revenue represented 80.3% of total revenue, while GoPro.com revenue, including subscriptions, accounted for 19.7%. The subscription attach rate was 45%, with an annual subscriber retention rate of 67%. The company launched its HERO13 Black flagship camera and a new entry-level HERO camera during the quarter, expanding its product lineup.Looking ahead, GoPro announced plans to reduce its global workforce by approximately 26% compared to Q2 2024 levels, aiming to lower operating costs. The company ended the quarter with $130.2 million in cash and cash equivalents. Management believes current cash resources are sufficient to sustain operations for at least one year, while continuing to evaluate additional cost reduction initiatives and financing options.
GoPro reported Q3 2024 revenue of $258.9 million, down 12% year-over-year, with a net loss of $8.2 million compared to $3.7 million in Q3 2023. Camera units shipped decreased 4.6% to 881,000. Gross margin improved to 35.5% from 32.0% last year. The company cited macroeconomic challenges and increased competition, particularly in China, as factors impacting performance.GoPro's retail revenue represented 80.3% of total revenue, while GoPro.com revenue, including subscriptions, accounted for 19.7%. The subscription attach rate was 45%, with an annual subscriber retention rate of 67%. The company launched its HERO13 Black flagship camera and a new entry-level HERO camera during the quarter, expanding its product lineup.Looking ahead, GoPro announced plans to reduce its global workforce by approximately 26% compared to Q2 2024 levels, aiming to lower operating costs. The company ended the quarter with $130.2 million in cash and cash equivalents. Management believes current cash resources are sufficient to sustain operations for at least one year, while continuing to evaluate additional cost reduction initiatives and financing options.
GoPro报告2024年第三季度营业收入为25890万,同比下降12%,净亏损为820万,而2023年第三季度为370万。相机出货量减少了4.6%,降至881,000台。毛利率从去年的32.0%提高至35.5%。公司提到宏观经济挑战和竞争加剧,尤其是在中国,是影响业绩的因素。GoPro的零售收入占总收入的80.3%,而GoPro.com的收入(包括订阅)占19.7%。订阅附加率为45%,年订阅者留存率为67%。公司在本季度推出了其旗舰相机HERO13 Black和一款新的入门级HERO相机,扩大了产品线。展望未来,GoPro宣布计划将其全球员工减少约26%,与2024年第二季度相比,旨在降低运营成本。公司在本季度结束时拥有现金及现金等价物13020万。管理层认为当前的现金资源足以维持至少一年的运营,同时继续评估额外的成本削减措施和融资选择。
GoPro报告2024年第三季度营业收入为25890万,同比下降12%,净亏损为820万,而2023年第三季度为370万。相机出货量减少了4.6%,降至881,000台。毛利率从去年的32.0%提高至35.5%。公司提到宏观经济挑战和竞争加剧,尤其是在中国,是影响业绩的因素。GoPro的零售收入占总收入的80.3%,而GoPro.com的收入(包括订阅)占19.7%。订阅附加率为45%,年订阅者留存率为67%。公司在本季度推出了其旗舰相机HERO13 Black和一款新的入门级HERO相机,扩大了产品线。展望未来,GoPro宣布计划将其全球员工减少约26%,与2024年第二季度相比,旨在降低运营成本。公司在本季度结束时拥有现金及现金等价物13020万。管理层认为当前的现金资源足以维持至少一年的运营,同时继续评估额外的成本削减措施和融资选择。
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