GPRO - GoPro Non-GAAP EPS of $0.12 beats by $0.03 revenue of $321.02M misses by $1.78M

• GoPro press release ( NASDAQ: GPRO ): Q4 Non-GAAP EPS of $0.12 beats by $0.03 .
• Revenue of $321.02M (-17.9% Y/Y) misses by $1.78M .
• 2022 Direct-to-Consumer Revenue of $411 million, up 5% Year-over-Year
• 2022 Subscription and Service Revenue of $82 million, up 52% Year-over-Year
• GoPro Subscribers Grew 43% Year-over-Year to 2.25 Million.
• GAAP and non-GAAP gross margin was 32.5% and 35.1%, respectively, and as estimated on a constant currency basis was 36.5% and 39.0%, respectively. This compares to GAAP and non-GAAP gross margin of 41.2% and 41.3%, respectively, in the prior year period.
• Adjusted EBITDA was $22 million, or 7% of revenue, and as estimated on a constant currency basis was $42 million or 12% of revenue. This compares to $72 million, or 18% of revenue in the prior year period.
• Cameras with retail prices at or above $400 represented 90% of Q4 2022 camera revenue.
• Q4 2022 Street ASP was $378, flat year-over-year, and $401 as estimated on a constant currency basis, up 6% year-over-year.
• Days' sales outstanding was 22 days, down from 26 days in the prior year period.
• Shares -1.55% .

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