The clip-on camera company has filed for its IPO. GoPro, which will list on NASDAQ under the symbol GPRO, would, however, probably prefer you not focus too closely on its financials… sshh – EBIDTA -30% YoY for comparable quarter?
While everyone is crowing of the yearly growth… perhaps a glance at Revenues and EBITDA for Q1 2013 vs Q1 2014 will raise some eyebrows… (blamed on production problems – but not weather?)
As GoPro explains…this is not just a camera company…
GoPro is transforming the way consumers capture, manage, share and enjoy meaningful life experiences. We do this by enabling people to capture compelling, immersive photo and video content of themselves participating in their favorite activities. Our customers include some of the world’s most active and passionate people. The volume and quality of their shared GoPro content, coupled with their enthusiasm for our brand, are virally driving awareness and demand for our products.
To date, we have generated substantially all of our revenue from the sale of our cameras and accessories and we believe that the growing adoption of our capture devices and the engaging content they enable, position GoPro to become an exciting new media company.
Imagine the future…(two words – Eastman Kodak)
Buy The IPO – Be A Hero…
via Zero Hedge http://ift.tt/1lWa4EL Tyler Durden