GoPro is off to a good start in 2019 after generating $243 million in revenue, a 20 percent increase over its first quarter last year. While the camera company did post a loss of $24 million, that’s way down from the $76 million loss GoPro suffered to start 2018. The company was confident enough after posting these results on Thursday that it raised its guidance to investors for 2019 and said it will turn its first annual profit since 2015, which was the first full year of sales for the popular Hero 4 camera lineup.
A big reason for the company’s recent success (GoPro also recently notched its first quarterly profit in over a year) is the Hero 7 Black, which is off to the best start ever for one of the company’s cameras. Another reason…
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Author: Sean O’Kane