GoPro Announces Fourth Quarter and 2023 Results
SAN MATEO, Calif., Feb. 7, 2024 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced financial results for its fourth quarter and full year ended December 31, 2023 and posted management commentary, including forward-looking guidance, in the investor relations section of its website at https://investor.gopro.com.
- "Our growth strategy led to significant retail channel sell-through increases in the fourth quarter and second half of 2023," said Nicholas Woodman, GoPro's founder and CEO.
- Cash and marketable securities were $247 million at the end of the fourth quarter.
- Capital allocations during the fourth quarter resulted in the repurchase of $50.0 million in aggregate principal amount of the 2025 Convertible Notes in exchange for $46.3 million and the repurchase of $10.0 million in stock in the fourth quarter, and $40.0 million total for 2023.
- In November 2023, GoPro was recognized for the third consecutive year by Outside Magazine as one of the 50 Best Places to Work (No.