To try and right the ship, GoPro is slashing its global workforce from 1,254 employees to fewer than 1,000, a cut of over 250 positions. In November 2016, GoPro eliminated 15 percent of its workforce in an attempt to cut costs and turn the company around financially. Now, the company says that it will focus on innovations in the core product lines.
First announced in December of 2015, action cam company GoPro has pulled the plug on its heavily delayed, disastrous aerial photography drone, best known for its spectacular propensity for falling out of the sky.
"GoPro is committed to turning our business around in 2018", Woodman said in a statement.
After the market digested this news, GoPro's shares plunged to by nearly 30 per cent - to an all-time low of $US5.10 in early morning trade on Monday (New York time). The investment bank was one of the underwriters for GoPro's 2014 initial public offering.
"With that said, if there were any opportunity for GoPro to partner up with a larger organization that could help us scale the company, scale our brand and reach to consumers, then that's certainly something that we would consider".
GoPro is cutting staff and expects a sharp decline in fourth-quarter revenue after facing weak demand for cameras during the holiday season. The company now estimates its fourth-quarter sales at about $340 million, while it previously had been expecting about $480 million in sales.
GoPro also announced that Woodman would reduce his 2018 cash compensation to $1. After $3.96 actual earnings per share reported by Lear Corporation for the previous quarter, Wall Street now forecasts 7.83% EPS growth.
GoPro is exploring a sale after a tumultuous couple of years that included multiple rounds of layoffs, shrinking sales, and a plummeting stock price.
GoPro CEO Nick Woodward said the company may look to "unite with a bigger parent company". Wittine points out a quote that stands out from his conversations is a supply chain contact looking for a year of more challenges lying ahead for GoPro.
Even though GoPro is exiting the drone business, drone makers such as DJI might be interested in the company purely for its cameras, which could be packaged with their drones.
Update 2.39pm: Foreign Affairs Minister Simon Coveney phoned Mr Brokenshire while on a visit to Cairo to wish him well. In a letter to May, Brokenshire said he would not be able to give the "complete focus" required to resolve the crisis.
After walking the red carpet at the Golden Globes on Sunday, she was hit by a barrage of mean comments about her skin. The model wrote on her blog: 'Where it really impacted me was how self-conscious I became about it.
They offered her a "big pay raise" that was still short of equality, according to Gracie's letter that she posted on her website. Gracie claims many women have sought pay equality "through internal negotiation but managers still deny there is a problem".
Barr was pushed to defend her character's support for Trump in light of what a reporter called his racism and xenophobia. John Goodman , who played her husband on the show, is returning for the revival along with most of the original cast.
The stars wore all black in solidarity of "Me Too" and "Times Up" in honor of sexual harassment and equality. Mexican director Guillermo del Toro won best director for magical fantasy " The Shape of Water ".
Trudi and I are saddened and praying for the deputy's young family as they grieve the loss of their husband and father. McCartney, 34, of Yelm was shot while responding to a burglary call in the Fredrickson area.
Houston police officials confirmed that a missing person's report was filed in Roland's case, but they have said little else. Roland's mother told KPRC she received a text from her daughter's phone, saying, "hello the owner of this phone Courtney".
It was Franco's first Golden Globe for a film role in his third nomination in the movie categories. And, just as it seemed the moment could not have gotten any more awkward, it did.
Guptill, bowlers take New Zealand to 2-0 lead
Martin Guptill and Colin Munro established an 83-run opening partnership for New Zealand before Hasan Ali picked Munro's wicket. With Pakistan on the ropes, Shadab Khan and Hasan stepped up, cracking 21 off an Astle over as they upped the tempo.
Assassin's Creed Origins' first expansion arrives this month
January will see the first DLC, The Hidden Ones , become available across all platforms and will be free for Season Pass holders. The expansion will introduce a new story, full of new locales and characters, as well as raise the level cap from 40 to 45.
HP Spectre x360 15 and ENVY x2 introduced at CES 2018
The company believes that it will able to beat a Nvidia 1080 Max-Q with thin-and-light device that has long battery life. The eighth Gen Intel Core processors with Radeon RX Vega M designs was first declared in November 2017.
CES 2018: Amazon's Alexa to challenge Cortana
These devices will reportedly use a new Alexa Windows 10 app that's being developed and will be released later this year. Windows PC users could say "Hey Cortana, open Alexa" to access Alexa's more than 25,000 skills and other features.
Man dies in Stockholm metro station blast
Numerous illegal hand grenades found in Sweden are being imported from former Yugoslav nations, he said. A woman aged 45 was also hurt, suffering facial injuries, police said.