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Today, GoPro, Inc. (NASDAQ:GPRO), the action camera maker currently valued at $108 million, announced the results of its 2025 Annual Meeting of Stockholders held on June 3. According to InvestingPro analysis, the company faces challenges with a Weak Financial Health score and revenue decline of ~21% over the last twelve months, though the stock appears undervalued at current levels. The meeting saw participation from holders of 80,507,341 shares of Class A Common Stock and 250,360,700 shares of Class B Common Stock, representing 84.03% of eligible votes, thus achieving a quorum.
During the meeting, shareholders voted on three key proposals. Firstly, the election of seven directors was conducted. The nominees included current board members and two new candidates, Emily S. Culp Hogue and Michael C. Dennison. All nominees were elected to serve until the next annual meeting.
Secondly, shareholders ratified the appointment of PricewaterhouseCoopers LLP as GoPro’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The vote saw 327,314,594 in favor, 2,161,289 against, and 1,392,158 abstentions, with no broker non-votes.
Lastly, an advisory resolution on executive compensation was approved. The resolution received 286,635,641 votes in favor, 6,884,645 against, and 856,813 abstentions, with 36,490,942 broker non-votes.
This information is based on a press release statement filed with the Securities and Exchange Commission.
In other recent news, GoPro Inc . reported its financial results for the first quarter of 2025, achieving revenue of $134 million, which aligns with the high end of its guidance. The company also saw a 4% year-over-year increase in subscription and service revenue, totaling $27 million. Despite a challenging market environment, GoPro successfully reduced its non-GAAP operating expenses by 26% and halved its adjusted EBITDA loss to $16 million. Wedbush Securities recently adjusted its outlook on GoPro, lowering the price target to $0.75 from $1.00 while maintaining a Neutral rating. The firm acknowledges GoPro’s strategy to return to profitability by 2025 through higher-margin products and expense reductions. GoPro also introduced the HERO13 Black Ultra Wide Edition, featuring an Ultra Wide Lens Mod and HyperSmooth stabilization technology. This new product aims to enhance the user experience for content creators and is available globally at $479.99.
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