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GoPro | 10-Q: Q3 2024 Earnings Report

GoPro | 10-Q: Q3 2024 Earnings Report

GoPro | 10-Q:2024財年三季報
美股SEC公告 ·  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報告2024年第三季度營業收入爲25890萬,同比下降12%,淨虧損爲820萬,而2023年第三季度爲370萬。相機出貨量減少了4.6%,降至881,000台。毛利率從去年的32.0%提高至35.5%。公司提到宏觀經濟挑戰和競爭加劇,尤其是在中國,是影響業績的因素。GoPro的零售收入佔總收入的80.3%,而GoPro.com的收入(包括訂閱)佔19.7%。訂閱附加率爲45%,年訂閱者留存率爲67%。公司在本季度推出了其旗艦相機HERO13 Black和一款新的入門級HERO相機,擴大了產品線。展望未來,GoPro宣佈計劃將其全球員工減少約26%,與2024年第二季度相比,旨在降低運營成本。公司在本季度結束時擁有現金及現金等價物13020萬。管理層認爲當前的現金資源足以維持至少一年的運營,同時繼續評估額外的成本削減措施和融資選擇。
GoPro報告2024年第三季度營業收入爲25890萬,同比下降12%,淨虧損爲820萬,而2023年第三季度爲370萬。相機出貨量減少了4.6%,降至881,000台。毛利率從去年的32.0%提高至35.5%。公司提到宏觀經濟挑戰和競爭加劇,尤其是在中國,是影響業績的因素。GoPro的零售收入佔總收入的80.3%,而GoPro.com的收入(包括訂閱)佔19.7%。訂閱附加率爲45%,年訂閱者留存率爲67%。公司在本季度推出了其旗艦相機HERO13 Black和一款新的入門級HERO相機,擴大了產品線。展望未來,GoPro宣佈計劃將其全球員工減少約26%,與2024年第二季度相比,旨在降低運營成本。公司在本季度結束時擁有現金及現金等價物13020萬。管理層認爲當前的現金資源足以維持至少一年的運營,同時繼續評估額外的成本削減措施和融資選擇。
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