Feeds

Strap-on cam pro GoPro in IPO share grow show

Firm valued at $3.9bn on first day of trading

Beginner's guide to SSL certificates

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. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.