On Friday , GoPro released its figure for the first quarter of 2016 , and they show that the party had a rough offset to the year . As a resolution , the company has also announced that a delay in exhaust its Drone , the Karma , until this winter .
GoPro has been having atough time financiallysince last wintertime : its pedigree price and revenue has drop in spark of competition and declining sales , and sooner this yr , the caller had to cut down its product line . That cutback seems to have also extend to its yet - to - be - released laggard , the Karma . In thisweek ’s net report , the fellowship herald that it would be pushing its release back to Winter 2016 : “ And while we had to make the difficult decision to detain our drone , Karma , the upside is that Karma ’s launch should now gain from the holidays . ”
If it can make it that far : GoPro announce a loss in revenue ( down 49.5 pct from the same quarter last twelvemonth ) , drive by lower than hoped-for sale , mate with thecosts associatedwith stop several brand . The companionship ’s stock price dropped 7 per centum to $ 9.81 a share on Friday , and is down an overall 44 percent this twelvemonth .
Moving the Karma to the winter season makes some amount of sense for the company . drone have increasingly been a popular vacation leverage , and it ’s clear that GoPro hopes to make up for losses later on this year . Still , the shaky fiscal situation , couple with the product delay , think of that the party will require to waitress for another five to six calendar month before generating any income from what it seems to be hoping will be a living - saving product .
[ GoPro , viaThe Verge ]
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