@jinglese:$GoPro(GPRO)$ GoPro reported quarterly earnings of 12 cents per share which beat the analyst consensus estimate of 9 cents. The company also reported quarterly sales of $321.02 million, which missed the analyst consensus estimate of $322.80 million by less than 1%. This is an 18% decrease over sales of $391.15 million in the same period last year. Meanwhile, GoPro.com revenue, including subscription and service revenue, was flat year-over-year at $128 million, or 40% of total revenue. The company highlighted subscription and service revenue increased 30% year-over-year to $22 million. "In 2022, GoPro achieved GAAP profitability in a very challenging macroeconomic environment. We generated EBITDA of $95 million, or 9% of revenue. Additionally, we grew subscribers to 2.25 million, bringing our subscription and service revenue to an annual run rate of $100 million with 70-80% gross margin," said Nicholas Woodman, GoPro's founder and CEO. "GoPro ended the year with solid balance sheet metrics and $367 million in cash after repaying debt of $125 million and repurchasing $40 million in stock," said Brian McGee, GoPro's CFO and COO. According to data from Benzinga Pro, GPRO has a 52-week high of $9.42 and a 52-week low of $4.50. Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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