GPRO
Gopro, INC
NASDAQ
8-K: GoPro Faces Nasdaq Delisting Warning After Share Price Drops Below $1
Sentiment:
8-K Filing
28 March 2025 4:36 PM
GoPro, Inc. received a notice from Nasdaq on March 25, 2025, indicating non-compliance with the minimum bid price requirement as its Class A Common Stock traded below $1.00 for 30 consecutive business days.
Worse than expected
The company's stock price falling below $1.00 indicates a negative market perception and potential financial difficulties.
Summary
- GoPro, Inc. received a notification from Nasdaq on March 25, 2025, because its Class A Common Stock price fell below $1.00 for 30 consecutive business days, violating Nasdaq's Listing Rule 5450(a)(1).
- GoPro has a 180-day grace period to regain compliance, as per Nasdaq Marketplace Rule 5810(c)(3)(A).
- To regain compliance, GoPro's stock price must meet or exceed $1.00 per share for at least ten consecutive business days during the grace period.
- The notification does not immediately affect the listing or trading of GoPro's Class A Common Stock on the Nasdaq Global Select Market under the ticker symbol GPRO.
- The company's ability to achieve compliance with the Nasdaq minimum bid price is subject to risks and uncertainties.
Sentiment
Score: 3
Explanation: The sentiment is negative due to the Nasdaq notification and the risk of delisting, indicating potential financial and operational challenges for GoPro.
Positives
- GoPro has a 180-day grace period to regain compliance with Nasdaq's minimum bid price requirement.
- The notification does not immediately affect the listing or trading of GoPro's stock.
Negatives
- GoPro's Class A Common Stock price has fallen below $1.00 for 30 consecutive business days, triggering a Nasdaq notification.
- The company is now at risk of being delisted from the Nasdaq if it fails to regain compliance within the 180-day grace period.
Risks
- GoPro faces the risk of delisting from the Nasdaq if it cannot increase its stock price above $1.00 for at least ten consecutive business days within the 180-day grace period.
- The company's ability to regain compliance is subject to various risks and uncertainties affecting its share price.
- Failure to regain compliance could negatively impact investor confidence and the company's access to capital.
Future Outlook
The company's future outlook is uncertain, depending on its ability to regain compliance with Nasdaq's minimum bid price requirement within the 180-day grace period.
Industry Context
This announcement reflects potential challenges in GoPro's business performance and investor confidence, which could be influenced by competition in the action camera market, evolving consumer preferences, and overall economic conditions.
Comparison to Industry Standards
- Comparing GoPro to companies like Sony (in the action camera space) or other consumer electronics firms facing similar listing compliance issues, the key will be GoPro's ability to demonstrate a clear path to profitability and revenue growth.
- Other companies facing similar situations often consider strategies like reverse stock splits, cost-cutting measures, or strategic acquisitions to boost share price and investor confidence.
- GoPro's performance will be benchmarked against these industry peers in terms of its ability to execute its turnaround plan and regain market share.
Stakeholder Impact
- Shareholders may experience further losses if GoPro fails to regain compliance and is delisted.
- Employees may face uncertainty regarding their job security if the company's financial situation deteriorates.
- Customers may be concerned about the long-term viability of GoPro and its ability to support its products.
Next Steps
- GoPro must develop and execute a plan to increase its stock price above $1.00 for at least ten consecutive business days.
- The company may consider strategies such as cost-cutting measures, new product launches, or strategic partnerships to improve its financial performance and investor confidence.
- GoPro will need to monitor its stock price closely and communicate regularly with investors regarding its progress in regaining compliance.
Key Dates
- March 17, 2025: GoPro's Annual Report on Form 10-K for the year ended December 31, 2024, was filed with the SEC.
- March 25, 2025: GoPro received a notice from Nasdaq regarding non-compliance with Listing Rule 5450(a)(1).
- March 28, 2025: Date of the 8-K filing.
Keywords
Nasdaq, minimum bid price, compliance, delisting, GPRO, stock price, GoPro
GPRO
Gopro, INC
NASDAQ
Sector: TBD
Filings with Classifications
Worse than expected
12 May 2025 4:58 PM
Quarterly Report
- Revenue decreased by 13.6% year-over-year.
- Camera unit shipments decreased by 2.0% year-over-year.
- Average selling price decreased by 11.8% year-over-year.
- Gross margin decreased from 34.1% to 32.1%.
Delay expected
12 May 2025 4:58 PM
Quarterly Report
- There was a delay in the company's next-generation 360-camera.
Worse than expected
22 April 2025 4:13 PM
Proxy Statement
- Revenue decreased by 20% year-over-year.
- Camera unit sales decreased by 19% year-over-year.
Worse than expected
28 March 2025 4:36 PM
8-K Filing
- The company's stock price falling below $1.00 indicates a negative market perception and potential financial difficulties.
Worse than expected
17 March 2025 2:51 PM
Annual Results
- The company's revenue decreased by 20.3% year-over-year.
- The company experienced an operating loss of $135.0 million in 2024.
- Adjusted EBITDA was negative $71.6 million.
Delay expected
17 March 2025 2:51 PM
Annual Results
- The delay of the next generation 360-camera contributed to the revenue decrease.
Worse than expected
6 February 2025 4:09 PM
Earnings Release
- The company's revenue and net losses were significantly worse than the previous year, indicating a challenging financial performance.
Worse than expected
7 November 2024 5:22 PM
Quarterly Report
- The company's revenue decreased by 12% year-over-year, indicating worse than expected results.
- The company's net loss increased to $8.2 million, indicating worse than expected results.
- The company's adjusted EBITDA decreased to $5.4 million, indicating worse than expected results.
Worse than expected
7 November 2024 4:10 PM
Quarterly Report
- The company reported a net loss of $8 million, which is worse than the $4 million loss in the prior year period.
- Non-GAAP net loss was $0.5 million, compared to a $9 million profit in the prior year period.
- Overall revenue decreased by 12% year-over-year.
Worse than expected
29 October 2024 4:18 PM
Restructuring Announcement
- The workforce reduction has increased from 15% to 26%, indicating a more severe restructuring than initially planned.
- The company expects to incur significant charges between $15.5 million and $18.5 million, which is a negative financial impact.
Delay expected
6 August 2024 5:05 PM
Quarterly Report
- The launch of the new entry-level camera was delayed from the second quarter of 2024 to the third quarter of 2024.
Worse than expected
6 August 2024 5:05 PM
Quarterly Report
- The company's revenue declined by 22.7% year-over-year, indicating worse than expected performance.
- The company's net loss increased to $47.8 million, indicating worse than expected profitability.
- The company's adjusted EBITDA was negative $33.4 million, indicating worse than expected operational performance.
Worse than expected
6 August 2024 4:09 PM
Quarterly Report
- The company's net loss significantly increased year-over-year, indicating a worsening financial performance.
- The overall revenue decreased by 23% year-over-year, which is a negative trend.
- The adjusted EBITDA was negative $33 million, compared to negative $10 million in the prior year period, showing a deterioration in profitability.
Worse than expected
7 May 2024 5:04 PM
Quarterly Report
- The company reported a significant net loss of $339.1 million, primarily due to a $294.9 million valuation allowance on deferred tax assets.
- Camera unit shipments decreased by 15% year-over-year, indicating weaker consumer demand.
- Total revenue decreased by 11% year-over-year, driven by lower unit sales.
Delay expected
7 May 2024 5:04 PM
Quarterly Report
- The company announced plans to delay the launch of its entry level product from Q2 to Q3 2024, and its next generation 360 camera to late 2024 due to the development cycles taking longer than expected.
Better than expected
7 May 2024 4:09 PM
Quarterly Report
- The company's revenue exceeded guidance by 7%, indicating better-than-expected sales performance.
Worse than expected
9 February 2024 4:07 PM
Annual Results
- The company's revenue decreased by 8.1% year-over-year, indicating worse than expected performance.
- The company reported a net loss of $53.2 million for 2023, a significant downturn from the previous year's profit, indicating worse than expected profitability.
- The gross margin decreased to 32.2%, impacted by price protection charges and a shift towards lower-margin products, indicating worse than expected profitability.
Worse than expected
7 February 2024 9:32 PM
Quarterly Report
- Q4 revenue was below guidance at $295 million, compared to the $325 million target.
- Full year 2023 revenue was down 8% year-over-year.
- First quarter 2024 revenue is projected to be down 17% year-over-year.
Worse than expected
7 February 2024 4:09 PM
Quarterly Report
- The company's revenue was down 8% year-over-year for both the full year and Q4.
- GoPro reported a GAAP net loss of $53 million for the full year and $2 million for Q4.
- The company missed its Q4 revenue guidance due to lower-than-expected demand in North America.
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