The rise and fall of GoPro, which says it has ‘substantial doubt’ the company can survive another year GoPro is telling investors on Monday that it may not survive the next 12 months.
In an 8-K filed with the SEC (1) on Monday, the action-camera maker refiled its 2025 financial statements with a notable addition: Its auditor, PricewaterhouseCoopers, now warns of “substantial doubt about the Company’s ability to continue as a going concern.” PwC, which has audited GoPro (NASDAQ:GPRO) since 2011, said GoPro “has incurred operating losses and negative operating cash flows, and has obligations under its financing arrangements which become due within the next twelve months if certain covenants are not met.” Must Read – Prime US real estate was a rich person’s game — then something changed
Now everyday Americans are getting a piece of the action for as little as $100 – Millionaires under 43 are reshaping investing — just 25% of their portfolios are in stocks. Here’s where their money is going – Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’ The market response was swift. GPRO shares fell from $1.26 on Friday to around $1.10 on Monday.
On Tuesday morning shares were trading (2) at around $1.11. From an $11 billion Wall Street darling to a penny stock GoPro’s story began with a rubber band and a surfboard. Founder Nick Woodman, a 1997 UC San Diego visual-arts graduate (3), came up with the idea on a 2002 surfing trip to Australia and Indonesia after he strapped a 35mm camera to his wrist to film himself in the water.