GoPro is exploring a sale after a tumultuous couple of years that included multiple rounds of layoffs, shrinking sales, and a plummeting stock price.
Despite these latest failures, Woodman remains upbeat about GoPro's future.
In the company's fourth quarter 2017 results announcement, it said it will discontinue its Karma drone and exit the category.
Selfie-Focused Smartphone Headlines Sony's CES 2018 Lineup
The Sony Xperia XA2 Ultra boasts a familiar Sony design, which isn't the most exciting out there, but it is at least functional. Quick charging is also supported to give you hours of power with just minutes of charging (requires Quick Charger UCH12W).
A source told AFP that GoPro hired JPMorgan Chase to advise it on strategic options, including a possible sale. The camera and technology company said it would cut its workforce of 1,254 to fewer than a thousand.
Woodman's 2014 pay totaled $287.2 million, according to the Bloomberg index, which values equity awards as of each company's fiscal year-end.
In particular, the company forecast its revenue will fall sharply by 37 per cent to $US340 million, which is far short of Wall Street estimates (of a more lofty $US472 million).
GoPro was already forced to drop prices on their primary camera, the HERO5, because of poor sales during the holiday season.
Women absent from key BAFTA nominations
There was no room for these behemoths at the Baftas , despite its eligibility for selection and seven nods at the Golden Globes. Natalie Portman's words from the Golden Globes will be resounding in the heads of the awards show's PR team on Tuesday morning.
One obvious name that has been floated before when it comes to finding buyer for GoPro is Apple. Wittine points out a quote that stands out from his conversations is a supply chain contact looking for a year of more challenges lying ahead for GoPro.
An interesting idea would be Snap, which has been trying to paint itself as a camera company rather than a social media firm, but it has been struggling at least as much as GoPro, if not more so.
GoPro (NASDAQ:GPRO)'s stock had its "neutral" rating restated by equities research analysts at Wedbush in a research report issued to clients and investors on Tuesday.
GoPro shares fell by a quarter to their lowest on record yesterday after the sports camera maker said it would cut a fifth of its workforce and quit the drone market. Short interest averaged $269 million, according to S3 data, and it peaked at $361 million on November 1. "If there are opportunities for us to unite with a bigger parent company to scale GoPro even bigger, that is something that we would look at", Woodman said. Hopefully they can find a company that will help them.
Louisiana teacher removed from school board meeting in handcuffs
KATC obtained the video showing her being recognized by the board, then calmly explain her concerns. It is unclear if the marshal was acting on his own accord or on the orders of board members.