GPRO - GoPro, Inc.
"GoPro delivered exceptional earnings driven by revenue growth, expanded gross margins, and free cash flow from operations," said Brian McGee, GoPro's CFO and COO.
The critical element, though, is subscribers growth, which is up 168% year-over-year.
30% or $14 million of the revenues came in from the SaaS model employed by the company.
The trend is weak but slowly accelerating.
GoPro may be a good play for the Christmas season, RSI level is in a neutral state but could be changing soon, and as usual, I am just predicting the trend, not advising anyone, and Mr. Market would need to confirm it.
Do your research and Due Diligence.