GoPro says gross margin to improve in second half

The company states: “In summary, 2024 remains a year of transition but with significant opportunities ahead – including our two new camera launches next month, our growing global retail footprint and our anticipated TAM expansion through product diversification. As Nick stated, we are committed to operating GoPro as a profitable business – our brand and products are too strong and our value-creation opportunity too significant for us to accept otherwise. To that end, we expect gross margin to improve in the second half of 2024 and carry into 2025, combined with significantly lower operating expenses in 2025 to prioritize a return to profitability in 2025.”