GoPro's second quarter revenue of $283 million | net loss increased 22% year-on-year

Beijing time on August 3 morning news, sports camera manufacturer GoPro announced today's second quarter financial report for the 2018 fiscal year. The report shows that GoPro's second quarter revenue was 283 million US dollars, down 4.7% from the 297 million US dollars in the same period last year; Net loss was $37.27 million, an increase of 22% compared to a net loss of $30.54 million in the same period last year. GoPro's adjusted second-quarter earnings per share and revenue were better than analysts had expected, driving its share price to rise sharply after the close. 5%.

In the quarter ended June 30, GoPro's net loss was $37.27 million, and the loss per share was 27 cents. This performance was less than the same period last year. In the second quarter of fiscal 2017, GoPro's net loss was $30.54 million. , Loss per share is 22 cents. Not included in certain one-off items (not in accordance with US GAAP), GoPro's second quarter adjusted net loss was $20.84 million, compared with a revised net loss of $12.91 million in the same period last year. Compared with the expansion of 61.4%; adjusted loss per share of 15 cents, compared with the adjusted loss per share of 9 cents in the same period last year, an increase of 66.7%, but this performance is still better than analysts had expected. Financial information provider According to the FactSet survey, analysts expect GoPro's second-quarter adjusted earnings per share to be 22 cents.

GoPro's second-quarter revenue was $283 million, down 4.7% from $297 million in the same period last year, but still exceeded analysts' previous expectations. Thomson Reuters survey showed that analysts expect GoPro's second-quarter revenue to be $270 million. .

GoPro's gross margin for the second quarter was 29.5%, down 610 basis points from 35.6% in the same period last year; gross margin not in accordance with US GAAP was 30.8%, down 540 basis points compared with 36.2% in the same period last year. GoPro's second-quarter operating loss was $30.84 million, an increase of 23.4% compared to an operating loss of $24.98 million in the same period last year; operating losses not in accordance with US GAAP were $16.72 million, compared with an operating loss of $9.55 million in the same period last year. Compared with the expansion of 80.7%. GoPro's adjusted EBITDA for the second quarter (ie, not included in interest, tax, depreciation and amortization) was -8.7 million US dollars, compared with 5.12 million US dollars in the same period last year.

On the same day, GoPro shares fell $0.13 in regular trading on the Nasdaq market, closing at $5.99, a decrease of 2.12%. After the close of 18:28 EST (6:28 Beijing time) In the transaction, GoPro shares rose 0.31 US dollars to 6.30 US dollars, an increase of 5.18%. In the past 52 weeks, GoPro's highest price was 11.89 US dollars, the lowest price was 4.42 US dollars.

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