GoPro Inc. reported revenues soared 71.7 percent in the second quarter ended June 30, expanding its gross margins 420 basis points.
“I couldn't be more proud of our aggressive pace of innovation. With the introduction of HERO4 Session and HERO+ LCD, we've launched five new cameras in the past 10 months, exciting both new and existing customers and contributing to strong second quarter results,” said GoPro Founder and CEO Nicholas Woodman. “Our core business is enjoying terrific momentum as we charge forward into attractive adjacent markets.”
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Second Quarter Results Summary: |
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Three Months Ended |
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($ in thousands, except per share amounts) |
June 30, |
June 30, |
% |
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|
Revenue |
$ |
419,919 |
$ |
244,605 |
71.7 |
% |
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Gross margin |
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|
GAAP |
46.3 |
% |
42.1 |
% |
420 bps |
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Non-GAAP |
46.4 |
% |
42.2 |
% |
420 bps |
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Operating income (loss) |
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|
GAAP |
$ |
46,138 |
$ |
(16,666) |
376.8 |
% |
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|
Non-GAAP |
$ |
65,845 |
$ |
17,803 |
269.9 |
% |
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|
Net income (loss) |
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|
GAAP |
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