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GoPro Captures HEROic Q4 Results

GoPro (GPRO) reported earnings Thursday afternoon well above any expectations that were set for their Q4 2014 results. By bringing in over $633M in revenue and matching it with 99 cents per share in earnings, GoPro topped the Street earnings estimates by over 41% (which called for 70 cents per share). Revenue saw a beat by $48.5M and is an increase of 75.3% over 2013's Q4 of $361.5M. This blew away my estimates of 72 cents in earnings and $600M in revenue. Cash and cash equivalents came in at $422.3M at the end of the quarter.

Gross margins were 47.9% on a GAAP basis and 48% on a non-GAAP basis. This is an important number because some analysts were fearing or expecting margins to diminish because of the HERO camera which sells for $129, much less than the HERO4 Silver and Black at $399 and $499, respectively. However, this is… Read More …