GoPro reported for the third quarter of 2017, noting revenue growth of 37%

GoPro started the last month of autumn with the publication of the report for the third quarter of 2017.

During the reporting period, a manufacturer whose name is synonymous with action cameras and drones, rescued 330 million dollars. That’s 37% more than a year ago, when quarterly turnover amounted to 241 million dollars.

Gross profit for the year decreased slightly from 40.3% to 39.6%.

At the same time, operating losses of $ 116 million dollars was replaced by operating income, which amounted to $ 8 million.

Net profit for the quarter amounted to 14.7 million dollars. Since the third quarter of 2016, GoPro completed with a net loss of 104,1 million dollars, the report authors talk about the growth of this indicator on 114,1%.

The manufacturer expects revenue of $ 460-480 million in the current quarter and 1,305-1,325 billion for the year as a whole. Tags:
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