Consistent ExecutionConsistent execution remains a significant risk for GoPro, as does cutting heads and reducing spend on areas that could help to reinvigorate growth.
Product Launch TimingGoPro made some missteps with product launch timing, extending releases as it innovated new product features.
Revenue GuidanceInitial Q4:24 guidance is for revenue of $190 - 210 million, sell-through of 775,000, street ASP of $330, gross margin of 36 – 37%, and non-GAAP EPS of $(0.13) – (0.09), which came in well below Street expectations.