GoPro ... company losses?

wingnut2443's picture
wingnut2443 started the topic in Saturday, 2 Aug 2014 at 7:37am

Just saw this report:

http://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?

thermalben's picture
thermalben's picture
thermalben commented Saturday, 2 Aug 2014 at 7:50am
wingnut2443's picture
wingnut2443's picture
wingnut2443 commented Saturday, 2 Aug 2014 at 7:24pm

Oh ... Can't be a Kelly issue then ...

Maybe it's the ASP?

When did the ASP sign up Go Pro?

Surfboard Design and Construction Kook. Evidence is here: www.ffwsurfboards.com.au
*FFW - Few Fun Waves ... that's what it's all about for me.

thermalben's picture
thermalben's picture
thermalben commented Sunday, 3 Aug 2014 at 11:13am

Why is it necessarily a surfing issue? Go Pro work with a large number of other sports. 

wingnut2443's picture
wingnut2443's picture
wingnut2443 commented Sunday, 3 Aug 2014 at 5:21pm

Just trying to keep it relevant.

Sorry. I'll move right along now ...

Surfboard Design and Construction Kook. Evidence is here: www.ffwsurfboards.com.au
*FFW - Few Fun Waves ... that's what it's all about for me.

udo's picture
udo's picture
udo commented Friday, 26 Sep 2014 at 8:44am

Gopro : Nasdaq - $81 U.S.

pointy's picture
pointy's picture
pointy commented Friday, 26 Sep 2014 at 12:34pm

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.

burgsurfer's picture
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burgsurfer commented Friday, 26 Sep 2014 at 12:38pm

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.

indo-dreaming's picture
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indo-dreaming commented Friday, 26 Sep 2014 at 3:43pm

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.

yocal's picture
yocal's picture
yocal commented Friday, 26 Sep 2014 at 4:59pm

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

Go deeper Taylor, go deeper!

udo's picture
udo's picture
udo commented Friday, 26 Sep 2014 at 6:29pm

To compete with GoPro ,HTC are releasing there RECamera on October 8th.

thermalben's picture
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thermalben commented Wednesday, 14 Jan 2015 at 2:56pm

"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."

http://www.smh.com.au/digital-life/digital-life-news/gopro-shares-drop-as-apple-granted-patent-for-wearable-camera-20150114-12nsdb.html

Ouch.

Mr Wax's picture
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Mr Wax commented Friday, 16 Jan 2015 at 9:49am

@ $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

Out there

thermalben's picture
thermalben's picture
thermalben commented Wednesday, 13 Jan 2016 at 8:47am

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!  

dandandan's picture
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dandandan commented Wednesday, 13 Jan 2016 at 10:25am

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.

stunet's picture
stunet's picture
stunet commented Wednesday, 13 Jan 2016 at 10:58am

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.

chook's picture
chook's picture
chook commented Wednesday, 13 Jan 2016 at 11:04am

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.

thermalben's picture
thermalben's picture
thermalben commented Saturday, 16 Jan 2016 at 11:36am

Now at $11.46. Ouch!

tonybarber's picture
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tonybarber commented Saturday, 16 Jan 2016 at 11:47am

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.

lostdoggy's picture
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lostdoggy commented Saturday, 16 Jan 2016 at 12:00pm

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.
thermalben's picture
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thermalben commented Saturday, 16 Jan 2016 at 2:48pm

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".

http://finance.yahoo.com/news/important-investor-alert-goldberg-law-0130...

udo's picture
udo's picture
udo commented Wednesday, 20 Jan 2016 at 8:02pm

Down another dollar - $10.57

the chase's picture
the chase's picture
the chase commented Wednesday, 20 Jan 2016 at 9:55pm

Every kid in the water will have one these following them around soon. 2016 christmas Unsure the company
http://m.youtube.com/watch?v=iMfTHHLbj5g

AndyM's picture
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AndyM commented Wednesday, 20 Jan 2016 at 10:52pm

the chase wrote: Every kid in the water will have one these following them around soon. 2016 christmas Unsure the company
http://m.youtube.com/watch?v=iMfTHHLbj5g

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.
nochaser's picture
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nochaser commented Thursday, 21 Jan 2016 at 10:14am

Every little narcissist new toy.

Rabbits68's picture
Rabbits68's picture
Rabbits68 commented Friday, 5 Feb 2016 at 5:01pm

Crystal Clear

thermalben's picture
thermalben's picture
thermalben commented Tuesday, 10 May 2016 at 8:00am

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!

thermalben's picture
thermalben's picture
thermalben commented Friday, 13 May 2016 at 7:17am

Wow... New 52 week low of $8.79.

udo's picture
udo's picture
udo commented Friday, 13 May 2016 at 8:00am

Did Neil Dana sit on his gift or sell I wonder ?

thermalben's picture
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thermalben commented Thursday, 26 May 2016 at 6:28am

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."

http://www.gizmodo.com.au/2016/05/gopro-is-now-red-bulls-action-camera-o...

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.

thermalben's picture
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thermalben commented Thursday, 26 May 2016 at 8:41am

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.

thermalben's picture
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thermalben commented Thursday, 17 Nov 2016 at 8:54am

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?).

http://www.nasdaq.com/article/can-gopro-inc-gpro-stock-bounce-back-after...

thermalben's picture
thermalben's picture
thermalben commented Tuesday, 9 Jan 2018 at 11:27am

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.

https://www.forbes.com/sites/laurengensler/2018/01/08/gopro-lays-off-hundreds-of-workers-ceo-slashes-pay-to-1/#7ef615d39756

thermalben's picture
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thermalben commented Tuesday, 9 Jan 2018 at 11:32am

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!"

freeride76's picture
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freeride76 commented Tuesday, 9 Jan 2018 at 11:58am

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

thermalben's picture
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thermalben commented Wednesday, 21 Mar 2018 at 7:53pm

New all-time low of $4.92.

freeride76's picture
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freeride76 commented Thursday, 22 Mar 2018 at 5:39am

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......

boxright's picture
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boxright commented Thursday, 22 Mar 2018 at 9:21pm

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.

thermalben's picture
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thermalben commented Friday, 23 Mar 2018 at 7:14am

Third consecutive day of all-time lows, today $4.76. Not sure what’s triggered the recent spell though.

thermalben's picture
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thermalben commented Saturday, 24 Mar 2018 at 7:50am

Another drop to $4.56. What’s going on?

velocityjohnno's picture
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velocityjohnno commented Saturday, 24 Mar 2018 at 4:10pm

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.

udo's picture
udo's picture
udo commented Saturday, 24 Mar 2018 at 4:19pm

Did Neil Dana hold or sell his $230 Mill of gifted Shares ?

thermalben's picture
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thermalben commented Thursday, 27 Dec 2018 at 10:21am

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.

campbell's picture
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campbell commented Thursday, 27 Dec 2018 at 4:26pm

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

...

tubeshooter's picture
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tubeshooter commented Thursday, 27 Dec 2018 at 5:29pm

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?
https://www.youtube.com/watch?v=HCwBXLcdSPQ