Search results for GoPro
Industry
GoPro to expand into AI and defense via $285 million deal with Starman Optical
GoPro said it signed a final merger agreement with privately held photonics company Starman Optical to expand into AI data centres and the defense market. Under the deal, Starman Optical will take a 90% stake and existing GoPro shareholders will hold 10%. Shareholders will receive $285 million in cash, or $1.14 per share. GoPro shares jumped 38% after the announcement and will remain listed on Nasdaq after closing, expected by year-end.
Industry
GoPro enters final stage of sale review after $51 million Q2 net loss
GoPro posted a $51 million net loss for the second quarter and said its process to review a possible sale of the company has entered its final stage. Camera shipments in April to June fell 38 percent from a year earlier and revenue dropped 31 percent to $105 million, while cash and cash equivalents slid to $27.3 million. The company has flagged substantial doubt about continuing operations over the next 12 months.
Industry
DJI-Insta360 rivalry expands despite U.S. regulation
Competition between Shenzhen-based hardware companies DJI and Insta360 is expanding from drones and 360-degree cameras to vlogging devices, emerging as a key variable in the global smart imaging market. The rivalry is widening across product lines, pricing, talent and patent litigation, while U.S. regulatory action affecting foreign-made drones adds uncertainty. DJI holds about 70 percent of the civilian drone market, while Insta360 leads the 360 camera segment on an annual basis.
