Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
THE COMPANY BEHIND GoPro cameras used to capture sports action from players’ perspectives filed on Monday to raise $100 million in a public stock offering.
Silicon Valley-based GoPro didn’t disclose how it planned to price shares, but it did reveal that it is already profitable, making a net income of $60.6 million (€44 million) on nearly a billion dollars in revenue last year.
GoPro said in a filing with the US Securities and Exchange Commission that profit slowed to $11 million on $235.7 million (€172 million) in revenue in the first three quarters of this year.
“GoPro is transforming the way consumers capture, manage, share and enjoy meaningful life experiences,” the company said in the SEC filing.
“We do this by enabling people to capture compelling, immersive photo and video content of themselves participating in their favorite activities.”
GoPro cameras have become common among people involved in extreme sports and routine athletic outings, and have even been used by emergency or disaster workers.
The company said in the filing that video shared by users has resulted in “virally” driving awareness of and demand for the small cameras.
“What began as an idea to help athletes document themselves engaged in their sport has become a widely adopted solution for people to document themselves engaged in their interests, whatever they may be,” GoPro said in the filing.
The company that started as Woodman Labs became GoPro in 2004, and has its headquarters in the Northern California city of San Mateo.
It plans to list on the NASDAQ and trade under the symbol ‘GPRO.’
GoPro did not specify how it planned to use money raised in the initial public offering of stock other than to say it will be used to run the company and repay debt.
GoPro cameras are sold in more than 100 countries. They were the top selling camcorder in the United States last year, according to NPD Group figures cited in the filing.
To embed this post, copy the code below on your site
That Ba***rd Terry Henry
@Sean O Rodaigh: Laisser aller :-)
@Sean O Rodaigh: all I know is someone took that horse over, they really had a nerve not returning it.
@Sean O Rodaigh: we would have embarrassed our shelfs.. probably lost all 3 group matches 3-0 !
@Sean O Rodaigh: up the rossies
What’s the story with that last question
@David cotter: Le cheat passed it for Gallas to score after he taken control of the ball beautifully with his paw.
I know my birthday falls on Bastille Day… that’s enough for me .. Cheers
@Gigi Power: joyeux anniversaire.
@Gigi Power: I’m 50 on the 15th
4/10.. Sacré bleu..
My first 10/10. Was lucky on the Guetta question as I honestly didn’t have a clue.
Merde, sept, quelle honte!
@DJ François: J’ai plus de honte que vous – je n’ai marqué que 5 sur 10!
@Ken Loughman: me too AND I’ve been living in France for 16 years !
@Rose Browne: I’ve never been resident there but I’ve been holidaying in France for 32 years. I also have French ancestry so you’d think that I would more of a clue about the place :)
@Ken Loughman: *have* more of a clue
In another twist, Henry denied us a place at the 2006 world Cup when he scored at Lansdowne
Huit
3/10 Bonnet de douche!!
@Derek Kelly ☘️: mange-tout.
Rode by the last question…
I will take the 6/10
Huit out of dix, olé olé
First 10/10 ever! Holà là!!!
have your say