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SP NEWS Business

GoPro Announces Preliminary

Q4 Results

oPro, Inc. reported margin for the fourth between $136 million and as expected during the
preliminary financial quarter of 2017 to be $140 million for the fourth fourth quarter. On January
Gresults for the fourth between 24% and 26%. quarter of 2017 and non- 7, GoPro lowered the price
quarter ended December Non-GAAP gross margin for GAAP operating expenses of this premium model from
31, 2017 and expects a the fourth quarter of 2017 to be between $118 million $499 to $399 to align with
revenue of approximately is expected to be between and $122 million for the its product strategy.
$340 million. This includes 25% and 27%. Non-GAAP same period.
a negative impact of gross margin for the same GoPro is also reducing
approximately $80 million period, excluding the price GoPro ended the fourth its global workforce from
for price protection on protection impact of $80 quarter with cash and 1,254 employees as of
HERO6 Black, HERO5 million and other charges cash equivalents of $247 September 30, 2017 to
Black and HERO5 Session of between $19 million and million, up $50 million fewer than 1,000 employees
cameras, as well as the $21 million, is expected to over the third quarter of worldwide. GoPro founder
Karma drone. be between 44% and 46%. 2017. Sales of the newly and CEO Nicholas Woodman
The company expects GAAP introduced flagship HERO6 will reduce his 2018 cash
GoPro expects GAAP gross operating expenses to be Black camera performed compensation to $1.

Seagate Announces GoPro Exits Drone

Preliminary Q2 Market; May be up

results for Sale

eagate Technology plc results compare to the lose on the heels of The company’s big bet, the
has announced selected Company’s previous forecast reports that GoPro Karma drone, struggled to
Spreliminary financial for fiscal second quarter Cwould be cutting find market after teething
information for its fiscal second 2018 revenue growth of 200 to 300 jobs and the problems forced a recall.
quarter 2018, which ended on 3-5% sequentially, non-GAAP disappointing preliminary Tough competition from DJI
December 29, 2017. Seagate gross margin improvement fourth quarter 2017 results, along with cheaper drones
expects to report revenue of sequentially and non-GAAP the company has announced from Chinese players may
approximately $2.9 billion, operating expenses down the exit from drone market. have contributed to this
and GAAP and non-GAAP 2-3%. Recently, the company had situation.
gross margin of approximately announced several cost-
30%. The Company expects The strength in the Company’s cutting measures including a Meanwhile, rumour mills are
to report record shipments of revenue and gross margin price cut for the GoPro Hero6 rife with indications that the
approximately 88 exabytes, for the quarter was driven Black and CEO Nick Woodman company may be looking for
reflecting drive shipments of primarily by better-than- reducing his own cash a buyer, though there is no
approximately 40 million and expected demand for the compensation to $1 for 2018. confirmation from any report.
record average capacity per Company’s HDD mass-storage
drive of 2.2 terabytes. solutions portfolio and
operational execution. During
GAAP and Non-GAAP operating the December quarter, Seagate
expenses for the December entered into a previously
quarter are expected to be announced long-term NAND
approximately $444 million
Smart Photography February 2018 and $390 million respectively. Memory Corporation that will
supply agreement with Toshiba
provide continuity of NAND
The Company ended the
supply for Seagate’s current
quarter with approximately
$2.6 billion in cash and cash
and future SSD product
20 equivalents. These preliminary portfolio.
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