Feeds

Strap-on cam pro GoPro in IPO share grow show

Firm valued at $3.9bn on first day of trading

Remote control for virtualized desktops

GoPro’s shares soared on its stock-market debut, gaining 30.5 per cent to give the wearable camera-maker a market value of $3.9bn.

The firm’s clip-on high-def video cameras, beloved of extreme sports enthusiasts and amateur rocket-builders, have become the top-selling camcorders in the world, according to beancounters at IDC. That makes the company one of the few hardware firms to be making any waves on the market.

In fact, GoPro’s IPO made it the first US consumer electronics company to go public since 2011, when high-end headphones firm Skullcandy hit the market.

GoPro is also one of what’s becoming a bit of a rare breed – a tech firm that actually makes profit. The company earned $60.6m in 2013, after it almost doubled its revenue to $985.7m.

Although the company has enjoyed stellar growth since it launched in 2004, it still faces many of the same problems of older tech firms – the mobile revolution and the ever-present risk that someone else will be able to make the same gear at a cheaper price as components get better. GoPro’s cameras sell at between $200 and $400 and with smartphone cameras improving all the time and imitators always waiting in the wings, it may be difficult to hang on to such high prices.

But the firm is already looking for ways to diversify, in particular by making some of its money out of the videos folks are shooting with its cameras. The company has its own channel on the Xbox console and also has footage showing on a channel on in-flight entertainment systems for Virgin America, featuring daredevil stunts and extreme sports. It remains to be seen whether these kinds of ventures can be beefed up enough to become a valid second revenue source. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.