On Tuesday, Shares of GoPro, Inc. (NASDAQ:GPRO), gained 2.04% to $62.04.
GoPro, declared financial results for its second quarter ended June 30, 2015.
GoPro reports gross profit, operating expenses, operating income (loss), net income (loss) and diluted net income (loss) per share in accordance with U.S. generally accepted accounting principles (GAAP) and on a non-GAAP basis. Non-GAAP net income excludes, where applicable, the effects of stock-based compensation, acquisition-related costs, and the tax impact of these items. Additionally, GoPro reports non-GAAP adjusted EBITDA.
Second Quarter 2015 and Recent GoPro Highlights Comprise:
- Launched HERO4 Session featuring simple one-button control and an exciting new form factor 50% smaller and 40% lighter than other HERO4 cameras. Innovative, water-proof design eliminates the need for a separate housing, reducing complexity and vastly improving audio performance.
- Introduced HERO+ LCD, adding touch screen convenience, in-camera video trimming and Wi-Fi/Bluetooth integration to the entry-level camera line-up.
- Released new accessories counting the Ball Joint Buckle and Floaty for HERO4 Session and The Strap, The Jam, and Casey to enhance the versatility of GoPro products.
- GoPro products are now sold in more than 40,000 stores worldwide, reflecting the addition of new retail customers, raised store counts with existing customers, and international expansion.
- According to NPD, GoPro accounted for 4 of the top 5 products on a unit basis in the combined digital camera and camcorder category, in the US for Q2. In the same category, on a dollar basis, GoPro capture devices accounted for 3 of the top 5 products. GoPro was also the leader in accessory unit sales with 8 of the top 10 selling accessories.
- Raised shipments of Point-of-Purchase (POP) displays by over 40%; linear feet of new POP displays raised over 75% for the first six months of 2015, year-over-year.
- International sales totaled more than 50% of Q2 revenue; combined EMEA and APAC revenue was up 126% year-over-year. China is now a top ten revenue-generating country for GoPro.
- Declared a GoPro-branded quad-copter to debut in the first half of 2016. Also declared a Six-Camera Spherical Array for shooting virtual reality and Odyssey, a 16-Camera Array unveiled in partnership with Google’s Jump initiative.
- GoPro is the official camera of the Tour de France. GoPros are mounted on riders and their bikes, providing never-before-seen perspectives on the world’s most prestigious cycling race.
- GoPro Motorrad Grand Prix of Deutschland viewed live by more than 9 million people across Europe; millions more viewed the broadcast in other countries. Each GoPro Course Preview video generated more than a half million views each.
- The GoPro Mobile App was downloaded 2.5 million times in Q2, totaling over 18 million cumulative downloads; Q2 installs of GoPro Studio exceeded 1.7 million, up over 100% year-over-year.
- Unveiled GoPro Licensing, a content licensing portal that professionals can use to search, sort, and request a license to content from GoPro’s rapidly growing library.
GoPro, Inc. develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing, and enjoying engaging content.
Shares of Tesla Motors, Inc. (NASDAQ:TSLA), declined -5.49% to $266.77, during its last trading session.
On the heels of Tesla Motors’s recent declaration that Model S worldwide has driven more than one billion miles, Tesla kicks off The Next Billion Tour to give customers across the country the opportunity to get behind the wheel of Model S and experience the benefits of going electric.
Guests are invited to experience the exhilarating performance and handling of Model S and hear from local owners about owning and driving a Tesla. In addition to offering test drives in Model S, Tesla experience stations will highlight: Model S features counting Tesla’s pioneering Dual Motor All-Wheel Drive and Autopilot technology, Tesla’s over-the-air updates, Tesla’s revolutionary approach to car and customer service, and the ease of charging a Model S at home and on the road.
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally. It also provides development services to develop electric vehicle powertrain components and systems for other automotive manufacturers.
Finally, Navistar International Corporation (NYSE:NAV), ended its last trade with 1.26% gain, and closed at $18.48, hitting its lowest level.
Navistar International Corporation, joined industry leaders from a wide range of automotive and technology sectors for the grand opening of MCity, the University of Michigan’s one-of-a-kind test site for connected and automated vehicles. MCity is a 32-acre simulated urban and suburban environment that features a network of roads with intersections, traffic signs and signals, streetlights, building facades, sidewalks and construction obstacles.
Operated by U-M’s Mobility Transformation Center (MTC), the public-private research and development partnership aims to develop a commercially viable ecosystem of connected and automated driverless vehicles. A key aim of the MTC initiative and MCity is to implement a connected and automated mobility system on the streets of southeastern Michigan by 2021.
Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, and school and commercial buses; and provides service parts for trucks and diesel engines worldwide. It operates through four segments: North America Truck, North America Parts, Global Operations, and Financial Services.
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