GoPro Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
GPRO$0.84-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Revenue | $258,898 | $294,299 | $600,591 | $710,039 |
| Cost of revenue | 167,052 | 200,095 | 398,997 | 487,561 |
| Gross profit | 91,846 | 94,204 | 201,594 | 222,478 |
| Operating expenses: | ||||
| Research and development | 44,328 | 41,708 | 135,872 | 121,796 |
| Sales and marketing | 40,686 | 41,254 | 117,185 | 119,215 |
| General and administrative | 14,843 | 15,029 | 44,470 | 47,562 |
| Total operating expenses | 99,857 | 97,991 | 297,527 | 288,573 |
| Operating loss | (8,011) | (3,787) | (95,933) | (66,095) |
| Other income (expense): | ||||
| Interest expense | (808) | (1,171) | (2,272) | (3,463) |
| Other income, net | 2,691 | 1,963 | 4,710 | 7,231 |
| Total other income, net | 1,883 | 792 | 2,438 | 3,768 |
| Loss before income taxes | (6,128) | (2,995) | (93,495) | (62,327) |
| Income tax expense (benefit) | 2,083 | 689 | 301,625 | (11,562) |
| Net loss | $(8,211) | $(3,684) | $(395,120) | $(50,765) |
| Basic and diluted net loss per share | $(0.05) | $(0.02) | $(2.59) | $(0.33) |
| Shares used to compute basic and diluted net loss per share | 153,741 | 152,409 | 152,449 | 154,113 |
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