GoPro, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2021 and fiscal 2022
November 04, 2021 at 04:05 pm EDT
Share
GoPro, Inc. expects to raise margin and profitability outlook for the year 2021. For the fourth quarter of 2021, the company expects revenue of $380 million, up 6% year-over-year.
For the full year 2021, the company expects revenue of $1.15 billion, which reflects year-over-year growth of 29% and remains at the high-end of prior guidance range of 25% to 30% that provided in August. The company expects to deliver full year gross margins of 41%, up from 36% in 2020 and full year EPS of $0.85 compared to $0.08 in 2020.
Looking into fiscal year 2022, the company expects revenue to grow from an increase in units as well as ASP. The company expects increasing direct-to-consumer and subscription revenue to have a positive impact on gross margin and EPS.
GoPro, Inc. produces cameras, and mountable and wearable accessories. The Company offers a family of flagship cameras, including its cloud connected HERO12 Black, HERO11 Black, HERO11 Black Mini, HERO10 Black, HERO10 Black Bones, HERO9 Black, and MAX cameras. HERO12 Black is a waterproof camera, featuring a GP2 processor and HyperSmooth 6.0 image stabilization. MAX is a 360-degree waterproof camera featuring MAX HyperSmooth image stabilization, 360-degree MAX TimeWarp Video, MAX SuperView, PowerPano, audio, live streaming, voice control and a front facing touch display. Its subscription service offers full access to the video and photo editing features in the new Quik desktop app and Quik mobile app. It offers mobile, desktop and Web applications that provide a media workflow for archiving, editing, multi-clip story creation, and sharing content on the fly. It also offers a lifestyle gear lineup that melds its signature design and versatility across a line of bags, backpacks and cases.
GOPRO, INC. 
