GoPro still suffers losses, but hoping to make a profit for the year
In 2014, when GoPro became a public company, it has never reported a profit. The situation has not changed and at the end of the second quarter of 2017, which the company said yesterday.
Revenue rose to 296,5 million us dollars, which was more than analysts had expected. In the second quarter of 2016 income amounted to 220.8 million dollars. The company’s losses were at the level of 30.5 million dollars, while a year earlier the company lost of 91.8 million dollars. In other words, the company is moving in the right direction, but is not yet profitable.
Executive officer Nick Woodman (Nick Woodman) noted this point in his statement, adding that GoPro hopes to profit for the year. This will contribute to camera Hero6 and Fusion, as well as other products of the company. The company’s bestseller in the U.S. for the quarter was the camera Hero5 Black, second place was taken by a drone Karma.