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May 19, 2014 AT 5:32 pm

GoPro Files For $100M IPO With 2013 Revenue Of $985.7M, Up 87.4% Year over year…

Gopro-Hero3
GoPro Files For $100M IPO With 2013 Revenue Of $985.7M, Up 87.4% From The Year Prior @ TechCrunch.

This afternoon GoPro filed its S-1 document with the SEC, detailing its financial performance as it looks to go public. The company states that it will raise up to $100 million in the offering, trading on the NASDAQ under the ticker symbol ‘GPRO.’

The company’s revenue expansion has been impressive, with top line in 2011 of $234.23 million leading to 2012 top line of $526.01 million and finally, in 2013, revenue of $985.73 million.
The company is GAAP profitable to boot, reporting $60.57 million in profit in 2013, up from a more modest $32.26 million in 2012. The company’s adjusted EBITDA — a very, very non-GAAP number — for 2013 totaled $133.72 million.

How many cameras does the maker ship each year? In 2013 that figure was 3,849 (net of returns), up from 2,316 in 2012, and 1,145 in 2011.

Wow! GoPro is a content company that happens to also make cameras. Full S-1 filing here.


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