GoPro ... company losses?
Kelly's been with Go Pro since May 2012.
https://gopro.com/news/gopro-welcomes-kelly-slater-11x-world-surfing-cha…
Oh ... Can't be a Kelly issue then ...
Maybe it's the ASP?
When did the ASP sign up Go Pro?
Why is it necessarily a surfing issue? Go Pro work with a large number of other sports.
Just trying to keep it relevant.
Sorry. I'll move right along now ...
31% increase in sales yet a 400% increase in losses - but the "vision is clear" according to them
I would have thought that they were losing market share to the many cheaper copies out now but that is not the case with a large increase in sales. Maybe they have put a lot of money into expansion or simply not keeping a good control on costs.
There is something wrong with there business model, costs are clearly strongly exceeding revenue. If they had of put capital into expansion, they would have been flagging that in their statements.
If they haven't been cashing in big time in the last few years, its hard to imagine things getting any better is it?
With the novelty factor wearing off and all the other similar style cameras on the market.
maybe the average punter realised that their footage was shithouse compared to the pros so they never went back and bought a hero3 black ++
I know my horrid attempts were haha. Definitely not 'going pro' any time soon.
waste of an otherwise good surf I reckon, you get too distracted
To compete with GoPro ,HTC are releasing there RECamera on October 8th.
"Apple has been granted a patent for a wearable camera that could possibly challenge action cameras made by GoPro."
"Shares of GoPro, whose cameras can be mounted on helmets, surf boards, bikes and dog harnesses, fell as much as 15 per cent."
Ouch.
@ $600 for a gopro i think i would prefer a Eos 700D or any other semi decent camera . I only ever liked the idea of a gopro for anything other than surfing . The pros make them look ok at skeleton bay but any one else gives me a headache nothing worse than some gopro footage by a nopro
No sign of Apple's wearable action camera, as announced a year ago.
However, today Go Pro stocks hit a 12 month low of $14.60. Mid-August 2015 - just five months ago - they were $65!
I thought the novelty factor of the go-pro was wearing off. But my last surf a few days ago made me think otherwise. In a crowd of 16 people there were 9 Go Pros and at least half of the new Christmas surfboards I've been seeing in the car park lately have had a fresh Go Pro mount on the nose. Granted it is still school holidays and the kids are the main Go Pro culprits, but I've seen more than a handful of grown men with a Go Pro strapped to their head at crumbling beachies. Maybe it's just me, but it's pretty embarrassing to look at.
dandandan wrote:I thought the novelty factor of the go-pro was wearing off. But my last surf a few days ago made me think otherwise. In a crowd of 16 people there were 9 Go Pros and at least half of the new Christmas surfboards I've been seeing in the car park lately have had a fresh Go Pro mount on the nose. Granted it is still school holidays and the kids are the main Go Pro culprits, but I've seen more than a handful of grown men with a Go Pro strapped to their head at crumbling beachies. Maybe it's just me, but it's pretty embarrassing to look at.
Trust me, it's not just you DDD.
action cams like go pro seem to promise so much...a really small, robust video camera should be producing some amazing stuff. maybe it's the wide-angle lense?
has anyone watched "tangerine"? a full-length movie shot on iphones. pretty astounding what is being done with consumer cameras and a laptop.
With the advent of drones, this market has by no means flattened. I believe GoPro are getting into that market. Given the market saturation, it is hard to explain the low share price. I am still at a loss at what most do with all that footage thats collected. I know that most do not make movies - just filling up disk space somewhere, I guess.
dandandan wrote:
I thought the novelty factor of the go-pro was wearing off. But my last surf a few days ago made me think otherwise. In a crowd of 16 people there were 9 Go Pros and at least half of the new Christmas surfboards I've been seeing in the car park lately have had a fresh Go Pro mount on the nose. Granted it is still school holidays and the kids are the main Go Pro culprits, but I've seen more than a handful of grown men with a Go Pro strapped to their head at crumbling beachies. Maybe it's just me, but it's pretty embarrassing to look at.
I dread to imagine how bad it would be if GoPro were selling enough to actually be profiting.
eek.
Wow.
"Goldberg Law PC Announces Securities Class Action Lawsuit against GoPro, Inc"
"According to the complaint, the Company issued materially false and misleading statements to investors and/or failed to disclose that: (1) GoPro was experiencing weak sales of its HERO line of cameras; (2) GoPro was experiencing weak HERO4 Session sales at the time the third Quarter guidance was announced; (3) GoPro’s third quarter 2015 guidance was based on the assumption that GoPro would be able to sell a significant additional amount of HERO4 Session cameras; and (4) GoPro’s third and fourth quarter 2015 guidance was inflated and unrealistic".
https://finance.yahoo.com/news/important-investor-alert-goldberg-law-013…
Every kid in the water will have one these following them around soon. 2016 christmas Unsure the company
the chase wrote:
Every kid in the water will have one these following them around soon. 2016 christmas Unsure the company
Oh joy, won't that just be fantastic...
I'll laugh fit to shit if one of those gets thrown in the air and doesn't work - it just hits the ground and shatters into thousands of pieces.
Believe it or not?!?
https://mobile.abc.net.au/news/2014-10-14/schumacher-brain-injury-linked…?
Edit: old news?!?
GoPro shares dropped to $9.75 overnight, not far off the 52 week low of $9.01.
It was almost $14 a few weeks ago, $25 six months ago and $64 about ten months ago.
Ouch!
Red Bull has taken an equity stake in GoPro, "in exchange for the action camera brand’s usage in 'over 1800 Red Bull events in 100 countries', while the videos created from those events will be co-authored on both Red Bull and GoPro’s various social media and online distribution networks, including YouTube and Red Bull TV."
https://www.gizmodo.com.au/2016/05/gopro-is-now-red-bulls-action-camera-…
GoPro share price didn't seem to do much on the news, but over the last five days has climbed from a 52-week low of $8.62 up to $10.08.
Apparently Red Bull took a 1% equity stake as a part of the deal. There's currently 101.87 million issued GPRO shares, so that means Red Bull picked up just over 1 million shares - which at about $10 each values the deal at about $10 million.
Wow, Go Pro share price has dropped below $10 again, thanks to a total recall of the much anticipated Karma drone (apparently they've sold only 2,500 units since the Oct launch?).
https://www.nasdaq.com/article/can-gopro-inc-gpro-stock-bounce-back-afte…
Holy shit, Go Pro share price just reached a new all-time low of $5.04 (Monday morning US time; the closing price on Friday was $7.52 - that's a 26% drop). Has bounced back throughout the day to close at $6.56.
From Forbes:
GoPro's founder and CEO Nick Woodman is taking a pay cut as the wearable camera-maker continues to struggle.
Woodman said on Monday that he would receive $1 in cash compensation in 2018. That compares to a salary of around $800,000, plus a performance-related cash bonus of $300,000, in 2016, the latest year for which data is available. Woodman, who once ranked among the world's richest people, has seen his fortune fall along with the company's stock price.
GoPro also gave a disappointing outlook and said it would reduce its global headcount by some 250 employees and exit the drone business.
Shares of the company were halted in pre-market trading, before plummeting 26%. They have lost a fifth of their value in the last twelve months.
Incredible to look back at the comments in this thread.
16th Jan, 2016 (two years ago): "Today Go Pro stocks hit a 12 month low of $14.60. Mid-August 2015 - just five months ago - they were $65!"
Structural.
Too much competition from phones and other camera manufacturers.
Lucky they went so hard when they did.
The failed drone experiment is pretty much the death knell of Gopro
good time to buy an actual go-pro though, I saw some thing where they will replace the camera if you lose or damage it......
There was a point around 5-6 years ago that people said GoPro should be worried about Sony coming into the market, however the bullet came from the other direction - not the high end with expensive tech but the low end cameras that simply did the job.
First it was the Contour, then every few months the tech got better, higher res, faster shutter speed, more memory, and the price got cheaper. The HDCool isn't far off the GoPro Hero and costs around $60-$70.
Third consecutive day of all-time lows, today $4.76. Not sure what’s triggered the recent spell though.
Chart looks woeful.
I'm watching my RSIs and 200dmas on the entire social media complex...
Imagine all that talent and engineering skill put into something useful like space travel, we would be on Mars by now.
I haven’t been paying attention to this for much of the year, but just noticed Go Pro shares reached another all time low yesterday, at $4.00.
Maybe people are getting sick of filming themselves filming themselves! That would be refreshing. Gotta say though whenever I see someone with one of those nose mounts on their board it just screams kook (but I'm a tough critic) . I guess drones may be taking away the market a bit and I won't even start on how fucked they are to surfing underneath or around while some overweight retard stands in the carpark
with the controls thinking they are killing it
The sports cam market is still alive and well , Gopro just lost touch with the market and underestimated its competitors . Ive been using a Toshiba x-sports that I bought a few years ago to film underwater fishing gear. Never had a problem . It also serves as a dashcam, mast cam, dive camera , surf camera etc.
Not everyone who uses them does so out of vanity, or to film themselves in action, tho I agree many do.
Just on the stock price , how low will it go?
Just saw this report:
https://mobile.bloomberg.com/news/2014-07-31/gopro-reports-wider-loss-in…
When did Kelly sign on? His sign on fee in those numbers, loss?
Expanded company, expanded losses?