ã€Global Science and Technology Comprehensive Report】 Today, with the rapid development of mobile phones, the status of the camera has been very optimistic. Sports camera maker GoPro (NASDAQ: GPRO) today released its second quarter 2017 fiscal year report as of June 30th. The financial report shows that in accordance with the United States General Accounting Standards (GAAP) calculation, GoPro's revenue for the second quarter was 297 million US dollars, an increase of 34.3% over the same period last year's 221 million US dollars; net loss of 30.536 million US dollars, a net loss of 9176.7 over the same period last year Millions of dollars narrowed 66.7%.
GoPro's second-quarter net loss was much lower than expected, driving the stock price to rise by more than 12% in after-hours trading.
Second quarter performance highlights:
- Revenue was $297 million, an increase of 34.3% from $221 million in the same period of the previous year;
- Gross profit margin was 35.6%, down by 6.5 percentage points from 42.1% in the same period of last year. According to Non-GAAP, gross profit margin was 36.2%, down 6.2% from 42.4% in the same period of last year;
- Operating loss was 24.89 million U.S. dollars, which was 77.2% lower than the operating loss of 109 million U.S. dollars in the same period of last year. Non-US GAAP business loss was 9.25 million U.S. dollars, narrower than the operating loss of 89.298 million U.S. dollars in the same period of last year. 89.6%;
- Net loss was $30,536,000, a decrease of 66.7% from the net loss of $91,677,000 for the same period of the previous year; Non-US GAAP, net loss of $12,914,000, which was narrower than the net loss of $72,595 thousands in the same period of last year 82.2%;
- The diluted net loss per share was US$0.22, a decrease of 66.7% from the diluted net loss of US$0.66 per share for the same period of last year; the non-US GAAP diluted loss per share was US$0.09, as compared with the same period last year Diluted net loss of 0.52 U.S. dollar narrowed 82.7%;
- Adjusted EBITDA was $5.12 million, compared to $76.757 million in the same period of last year.
Outlook:
The third quarter outlook:
- Revenue of 300 million U.S. dollars, floating 10 million U.S. dollars;
- Gross margin is 37%, up and down 1 percentage point;
-- operating expenses ranged from $131 million to $133 million; according to non-US GAAP, operating expenses ranged from $115 million to $117 million;
- The diluted net loss per share was US$0.24, which fluctuates by US$0.05. According to non-US GAAP, the diluted net loss per share is US$0.06, which fluctuates by US$0.05.
Looking forward to the 2017 fiscal year:
- Operating expenses are less than US$570 million; according to non-US GAAP, operating expenses are less than US$495 million.
Stock performance:
GoPro share price
GoPro opened on Thursday at $8.05 on the Nasdaq Exchange. As of Thursday's close, GoPro shares rose 0.23 US dollars to close at 8.26 US dollars, an increase of 2.86%. As of 18:59 p.m. EDT (6:59 p.m. Beijing time) on Thursday, GoPro's share price rose by $1.03 to $9.29 in after-hours trading, an increase of 12.47%. In the past 52 weeks, GoPro's share price was a maximum of $17.68, with a minimum of $7.14.
We are professional audio manufacturing company that makes a variety of speaker with bluetooth, including bluetooth portable speaker, bluetooth speakers outdoor, small speaker bluetooth, light bluetooth speakers, waterproof speakers etc.
With full turnkey service from product design to delivery, and every step in between.
From sophisticated custom audio systems to 'off-the-shelf' speaker drivers, iTopnoo has been saving our customers time, effort, and money.
To constantly offer clients more innovative products and better services is our consistent pursuit.
Best Portable Speakers,customizable bluetooth speaker, Custom jbl speakers, speaker wholesalers
TOPNOTCH INTERNATIONAL GROUP LIMITED , https://www.itopnoobluetooth.com