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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 259M | 39% |
| Gross Profit | 92M | 62% |
| Cost of Revenue | 167M | 29% |
| Operating expense | 100M | 3.3% |
| Net Income | -8.2M | 82.8% |
| EBITDA | -4.8M | 89.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 662M | 18.8% |
| Total Liabilities | 478M | 28.4% |
| Total Equity | 184M | 0.4% |
| Shares Outstanding | 154M | 0.8% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -2.2M | 470.9% |
| Cash from investing | -1.9M | 171.4% |
| Cash from financing | 100,000 | 151% |
EPS
Financial Highlights for GoPro in Q3 '24
GoPro reported a revenue of 259M, which is a 39% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 92M, marking a 62% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 167M, a 29% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 100M, showing a -3.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -8.2M, showing a 82.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -4.8M, showing a 89.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for GoPro with growth in revenue, gross profit, and net income.
