GoPro Inc announced revenue and gross margin for the third quarter of 2017 are both expected to be at the high end of its previously announced respective ranges of between $290 million and $310 million and between 36 and 38 percent. GoPro also forecasts the third quarter to be profitable on a non-GAAP basis, though not profitable on a GAAP basis.
“Consumer demand for GoPro products is strong,” said GoPro Chief Operating Officer CJ Prober. “Channel inventories have been reduced and we’re incredibly excited about the upcoming launch of two great new products, HERO6 and our 5.2K spherical camera, Fusion.”
CJ Prober and Chief Financial Officer Brian McGee are scheduled to present at 2:10 pm EDT Thursday at the Citi Global Technology Conference in New York City.