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SAN MATEO, Calif. - GoPro, Inc. (NASDAQ: GPRO), a $108 million market cap company currently trading below its InvestingPro Fair Value, has expanded its board with the addition of Mike Dennison. As of Tuesday, Dennison, the CEO of Fox Factory Holding Corp., brings extensive experience in global manufacturing and product innovation to the action camera company’s board.
Nicholas Woodman, the founder and CEO of GoPro, expressed his enthusiasm for Dennison’s appointment, highlighting his operational, strategic, and brand leadership skills as valuable assets to the company’s governance. Dennison’s current leadership roles include overseeing operations worth approximately $1.4 billion and participating on the boards of several corporations, including his position as Chairman of the Board at K&N Filters.
Dennison himself remarked on the opportunity to join GoPro’s board as a chance to support a brand that excels in connecting people with their passions through innovative storytelling. He is eager to contribute to GoPro’s future direction and growth, particularly important given the company’s current weak financial health score and negative EBITDA of -$87 million.
GoPro, recognized by Outside Magazine and U.S. News & World Report as a top employer, continues to offer career opportunities, which can be explored on its website. The company invites GoPro users to participate in the GoPro Awards by submitting their content for a chance to be featured on GoPro’s social channels and potentially receive gear and cash prizes.
The information regarding Mike Dennison’s appointment to GoPro’s Board of Directors is based on a press release statement.
In other recent news, GoPro Inc. reported its first quarter 2025 financial results, achieving revenue of $134 million, which aligns with the high end of its guidance. The company also experienced a 4% year-over-year increase in subscription and service revenue, totaling $27 million. GoPro managed to cut its non-GAAP operating expenses by 26% and reduced its adjusted EBITDA loss to $16 million, highlighting its focus on product innovation and operational efficiency. Additionally, GoPro held its 2025 Annual Meeting of Stockholders, where all nominated directors, including new members Emily S. Culp Hogue and Michael C. Dennison, were elected.
Moreover, GoPro has expanded its Board of Directors with the appointment of Emily Culp, a marketing executive with significant experience in scaling consumer brands. The company also launched the HERO13 Black Ultra Wide Edition, featuring a 177° field of view and advanced stabilization technology. In analyst updates, Wedbush Securities adjusted its outlook on GoPro, lowering the stock price target to $0.75 while maintaining a Neutral rating. These developments reflect GoPro’s ongoing efforts to innovate and improve its financial performance amidst a challenging market environment.
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