GoPro has revealed their Q2 financials to a positive reception from market analysts. The biggest headline is a 40 percent quarter-over-quarter revenue increase. That increase comes with a net loss of $32 million, which is actually 50 percent better than the previous quarter.
Investors were impressed by the financial report: GoPro’s stock has surged more than 20 percent on the news. GoPro’s inventory dropped to $47 million, which was the lowest level since 2014. The number of Plus subscribers increased by 9 percent.
Ok, so what does this all mean for underwater photographers? GoPro CEO Nick Woodman also revealed on the call to investors that the company will announce three new products later this year. One of the products will likely be a flagship HERO 7; but we have no hints on what else to expect. Maybe they should try making a drone?
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