Dallas, Texas 08/01/2014 (FINANCIALSTRENDS) – GoPro Inc (NASDAQ:GPRO) the successful GoPro software and hardware solutions provider for intuitive content management platform for user generated contented has reported its quarterly results. Though the company has nudged past previous quarter revenue milestones, it does appear to be on sticky ground as to its future growth options and opportunities as a company in the tertiary photographic equipment and online service provider. GroPro’s quarterly results announcement comes, just after a successful Initial Public offering in June this year.
Successful Image Content Management Platform
GoPro Inc (NASDAQ:GPRO) currently has two very successful platforms running for desktops called as GroPro Studio and for mobiles GoPro App to allow the management of data generated by users. The focus is on the capture through cameras whether on mobiles, wearable cameras or accessories and the editing and management of the same with the use of this platform.
Based in the mecca of software development off California, the company has been pioneering video recording on wearable gadgets and more, finding much favor among cyclists as well as surfers. In a recent consumer survey by IDC, the market researcher, in terms of volume sales camcorders produced by GoPro Inc continue to be the most popular in the category price at $200 to $400 a piece.
Relevance Of Wearable Camcorders
As the company begins a fresh quarter of the fiscal, inevitably the focus is now on the future of dedicated camcorders markets. As more users prefer the advanced camera features on the phone, there are increase limitations on the sale of separate cameras. Therefore, as the question of future market glooms large, the increase in earnings this quarter does not appear to have a telling impact.
GoPro Inc (NASDAQ:GPRO) revenue in the quarter past rose by 38% earning $244.6 million.