Gen 2 Technologies Inc (MNIZ)

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GoPro Announces Fourth Quarter and Full Year 2017 Results

Sell-Through Increases Following Pricing Initiatives
2017 Operating Expenses Down 34% YoY
$247 Million in Cash at Year End 2017 - Up $50 Million From Q3
Expands 'Plus' Subscription Benefits at Same $4.99 Monthly Price - 130,000 Subscribers and Growing

SAN MATEO, Calif., Feb. 1, 2018 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) announced financial results for its fourth quarter and full year ended December 31, 2017. The Company recorded full year 2017 revenue of $1.18 billion, flat year-over-year. Operating expenses decreased by more than 30% year-over-year. The Company ended the year with $247 million in cash and marketable securities - up $50 million from the third quarter.