GoPro CEO Nick Woodman rides his company, and me, into the ground!
Nothing is worse than an armchair quarterback. Someone who lounges while proclaiming how, if they were in charge, things would be so much better etc. How, if it was their hand on the lever, things would be chugging right along.
And you know how, from time to time, I poke at the brands that deserved to be poked (All good-natured, Volcom! Dry those tears!) so one year ago I decided to invest my hard-earned dollars in two extreme sport companies. Quiksilver and GoPro. I decided to hop out of the armchair and into the game!
It has not gone well. Quiksilver, of course, bonked a while ago but I love the Mountain and the Wave so much that losing that money felt like a wonderful offering. It make-a me happy.
GoPro really tanked today and has not made me happy. Should we read from Business Insider?
GoPro shares fell 14% in early trading on Friday after the company reported quarterly earnings results that were worse than analysts had expected.
The shares fell 21% after regular trading hours Thursday, following a trading halt requested before the earnings announcement.
The maker of action cameras said its net income dropped 330% from last year and swayed to a loss of $84 million, or -$0.60 per share. Analysts had forecast a $0.36 loss according to Bloomberg.
GoPro’s sales totaled $241 million, down 40% year-on-year, and short of the estimate for $313 million.
These numbers reflect weak demand for GoPro’s handy cameras. In September, the company entered a new product category altogether and launched its first drone called Karma.
Its guidance for fourth-quarter revenue and earnings per share was also weaker than expected. The fourth quarter is crucial for makers of consumer electronics because there’s lots of revenue to be earned from Black Friday and Christmas shopping.
So you’re saying there’s a chance…
Just kidding. I know there’s no chance. But at least I’m in the game!
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You know I will, better than crooked hillary and her pant suit, and you re an aussie, why the fuck do you care?
One time hit (GP) that came to life at the right time. Hard to replicate success like that unless you’re wired like Steve Jobs.
Australia had a rich candidate last election, Clive Palmer.
http://www.theaustralian.co…
Also our per capita GDP is higher than N Americas’
North America is not a country big John, that would include Mexico and Canada….North america is a continent……just so you know
Come on Javi!
yea Javi….if you re going to get pissed like that…even though I wasn’t speaking to or about you, and didn’t say anything about Mexicans…you should at least say it in English so most of the readers here can understand what your saying……Intiendo espanol y tengo una pregunta para ti? tiene enojado porque no puede nadar y no puede al passer por el rio?
Don’t mean to be unnecessarily negative big guy, but have you ever stopped to think that perhaps languages aren’t really your forte?
Pat on the back for giving it a shot though! Loved your lightsaber work by the way.
looks like negation has a little too much sand in his panties, and he s feeling a little gritty, as I was saying before Negatron censored me, your grip on your wank sock is a little better than my grip on spanish…but hey…….you and Neg work on those grips daily….as for the light saber, when you re done riding it….your mommy would like it back
Sandy panties aside, I think your style of commentary is more suited to trolling the on SC Sentinel… all these Yo Momma puns? are you 12? whatever your age, I’ve deleted over 80% of your comments since your return and that’s far to much like work, so consider this your last warning.
no problem little guy
What I thought this was America? Censorship is out of control. I’ll admit my tooth one was bad enough for deletion.
It’s BeachGrit, not America.
you mean grit beach…I think you have a little too much sand in your panties neg…
holy shit. and number 4.
$84 million loss??? Too much camera competition but am sure Woodman is fine – just his shareholders dropped their dough.
Cant see the Karma drone saving their arse either as already shitload drones on market.
Better put your coin elsewhere Chas
Um, why did GoPro go public in the first place? Yep, so Dick Woodward could cash out. Why the fucking surprise it’s failing now?
Shit, I coulda told you that this company had no legs Chas.
Civil Beat recently interviewed a few of Hawaii’s Trump supporters recently. It’s fucking classic.
https://www.facebook.com/ci…
hahaha how’s the last muppet – build a wall. perfect build it around Hawaii too
i want a wall too. keep all these muppets INSIDE the USA.
I’d leave a few “children” on the he>I woman’s face.
Fuck, how do you guys deal with this? Aside from whatever political leanings you may or may not have, the sheer idiocy, the borderline high functioning retardation of people walking around just kills me.
In front of the Palace, sacrilege.
Your momma’s a cack smoker! And your daddy got a squeeze box.
A revenue decline of 40% year on year is pretty ugly. I’m wondering how big the “action cam” market is; as It feels like anyone who would have bought a go-pro has one and there are now a heap of other cheap competitors meaning go-pro has lost a big competitive advantage.
obviously investing in not your forte..stick to the pen and pad
I wonder if Andrew Doheney is a casualty of the Volpocalypse?
Family money=who cares?
Is he of the doheney family, might be a stupid question but I know a fella with connections to county Cavan, Ireland, who claims to be related to the mr Doheney from “there will be blood” fame, never known a sane man to claim Cavan connections, tight fisted bastards! A hateful and hated county!
he peaked at 14 and i think has gotten worse through his prime years
get on samsung bruh
why would you invest in a one-product company managed by a surfer?
why would chas wear a pink button down shirt surfing? these are questions i dont think he even has answers to