GoPro has established itself as a public company in recent times by releasing its first earning report in the market. In the second quarter of financial results company has almost doubled up its IPO price which was $24. Before the release the camera firm actually traded more than 3.5 percent in the regular hours. The company has been growing exponentially and creating a huge consumer base in the market. GoPro cameras are increasing its popularity amongst the photography lovers.
GoPro is the market leader in activity image capturing segment. Company has been producing numerable gear-mountable and wearable cameras known as HD HERO. All these cameras are available with accessories that help photography lovers to capture the most precious moments of their lives. The high definition cameras offered by GoPro help to capture the images in its very real and natural form. The products offered by GoPro are sold in more than 50 countries all over the world. The company has a huge network of speciality retailers that sell the products designed by the company. The details about the products available with GoPro can also be availed from their website.
GoPro revenue in the second quarter has reached up to $244.6 million, and analysts are expecting that GoPro will earn revenue of $0.06 per share on top of the revenue of $237.73 million. In the market after an hour trading the GoPro share actually went down around 8 percent. The exact reason behind this sharp fall is not quite clear. The investors of the company are expecting much higher growth than what company has managed to achieve. Company has not been managed to record the delta growth that was expected by the investors in this quarter.
In this quarter GoPro seem to have lost $19.8 million as per the normal accounting methods. This figure turns out to be the dilution of $0.24 per share. In the first quarter of 2014 the company showed good growth on a GAAP basis. This quarter was ended by the company with just $100 million cash in its kitty. In the exact earning reports of next quarter another $200 million will be added in the total earnings of the company. This money would come from the IPO of the company.
Just after the initial public offering launched by the company, it has seen a massive run following its products in the market. To retain in the market and to expand the business volumes, company really need to prove its potential in the market. The first reports launched by the company are not very fascinating but it still has a long way to go.
GoPro is the market leader in activity image capturing segment. Company has been producing numerable gear-mountable and wearable cameras known as HD HERO. All these cameras are available with accessories that help photography lovers to capture the most precious moments of their lives. The high definition cameras offered by GoPro help to capture the images in its very real and natural form. The products offered by GoPro are sold in more than 50 countries all over the world. The company has a huge network of speciality retailers that sell the products designed by the company. The details about the products available with GoPro can also be availed from their website.
GoPro revenue in the second quarter has reached up to $244.6 million, and analysts are expecting that GoPro will earn revenue of $0.06 per share on top of the revenue of $237.73 million. In the market after an hour trading the GoPro share actually went down around 8 percent. The exact reason behind this sharp fall is not quite clear. The investors of the company are expecting much higher growth than what company has managed to achieve. Company has not been managed to record the delta growth that was expected by the investors in this quarter.
In this quarter GoPro seem to have lost $19.8 million as per the normal accounting methods. This figure turns out to be the dilution of $0.24 per share. In the first quarter of 2014 the company showed good growth on a GAAP basis. This quarter was ended by the company with just $100 million cash in its kitty. In the exact earning reports of next quarter another $200 million will be added in the total earnings of the company. This money would come from the IPO of the company.
Just after the initial public offering launched by the company, it has seen a massive run following its products in the market. To retain in the market and to expand the business volumes, company really need to prove its potential in the market. The first reports launched by the company are not very fascinating but it still has a long way to go.