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GoPro Q1 sales rise 54%; income up 35%

Published April 30, 2015

SAN MATEO, Calif. (BRAIN) — GoPro recorded its second-highest revenue quarter in company history in the first quarter this year, registering sales of $363 million and operating income of $22.3 million.

The company said the top five best-selling camera/camcorders in the U.S. are all GoPro models.

"We are making investments in talent, technology, software and innovative new products that will fuel growth and strengthen GoPro's ecosystem,” said company founder and CEO Nicholas Woodman.

Revenue in the period was up 54 percent. Gross margin was 45.1 percent, up from 40.9 percent in the same period last year. Adjusted EBITDA of $56.5 million increased 97.4 percent compared with $28.6 million in the first quarter of 2014.

The sales ranking was according to NPD Group figures based on unit sales. For dollar sales, GoPro devices accounted for three of the top five products, including the No. 1 spot. GoPro was also the leader in accessory unit sales with seven of the top 10 selling accessories.

GoPro also announced this week that it was acquiring  the virtual reality company Kolor. 

GoPro went public last June. The company's stock is traded on the NYSE under the GPRO symbol, and its stock performance is tracked on BRAIN's stock page

Topics associated with this article: Earnings/Financial Reports

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