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Press Release: GoPro Announces Fourth Quarter and -4-

· 02/04/2021 16:05
compensation 0.1 0.1 0.2 0.2 Acquisition-related costs 0.2 0.3 0.5 0.6 Restructuring and other costs -- -- 0.1 -- Non-GAAP gross profit as a % of revenue 38.3 % 38.6 % 36.1 % 35.4 % GAAP operating expenses $80,728 $105,725 $351,333 $415,122 Stock-based compensation (7,664) (6,609) (28,415) (35,286) Restructuring and other costs (58) (29) (25,290) (2,109) Non-GAAP operating expenses $73,006 $99,087 $297,628 $377,727 GAAP operating income (loss) $55,355 $96,100 $(36,819) $(2,333) Stock-based compensation 8,037 7,028 29,963 37,188 Acquisition-related costs 723 1,864 4,598 7,818 Restructuring and other costs 69 29 26,571 2,196 Non-GAAP operating income $64,184 $105,021 $24,313 $44,869 Three months ended December 31, Year ended December 31, (in thousands) 2020 2019 2020 2019 GAAP net income (loss) $44,413 $95,820 $(66,783) $(14,642) Income tax expense (benefit) 116 (3,928) 4,826 (4,428) Interest expense, net 5,442 5,032 19,993 17,872 Depreciation and amortization 3,570 6,445 19,065 26,268 POP display amortization 708 1,666 4,176 7,504 Stock-based compensation 8,037 7,028 29,963 37,188 Loss on extinguishment of debt 5,389 -- 5,389 -- Restructuring and other costs 69 29 26,571 2,196 Adjusted EBITDA $67,744 $112,092 $43,200 $71,958

View original content to download multimedia:http://www.prnewswire.com/news-releases/gopro-announces-fourth-quarter-and-full-year-2020-results-301222696.html

SOURCE GoPro, Inc.

/CONTACT: pr@gopro.com

/Web site: www.gopro.com

(END) Dow Jones Newswires

February 04, 2021 16:05 ET (21:05 GMT)