Shares of GoPro have lost more than half of their value this year, reflecting incredibly weak fundamentals. The company started to lose subscribers for the first time in Q1, a trend which is likely to continue playing out into Q2 (due soon in early August). At the same time, revenue and camera shipments are also declining by double digits.
The action camera products and services specialist announced a new distribution deal in Asia. Its new partnership is with an arm of top regional tech conglomerate SoftBank.
GoPro makes cameras intended to be used for rough-and-tumble endeavors. The company introduced a subscription offering and is now expanding its product line to appeal to more customers.
GoPro (GPRO) reported earnings 30 days ago. What's next for the stock?
GoPro stock has lost the majority of its value since hitting public markets. Should investors believe in management's turnaround strategy or stay far away?
GoPro sells ultra-tough cameras and subscription services tied to those devices. The company's subscription numbers have stalled of late.
GoPro is working on two key business goals: broadening its appeal and building a subscription business. Early success on the subscription front was encouraging, but things have simmered down lately.
Shares of camera maker GoPro have plunged more than 50% over the past year. The company is revamping its business to offer more services and products.