Times of India | GoPro may go out of business in 12 months; in SEC filing company says: ‘Our credit agreements impose…’
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GoPro has warned that there is “substantial doubt” about its ability to continue operating over the next 12 months, saying it may have to file for bankruptcy if it cannot secure additional financing or complete a strategic transaction. The action‑camera maker posted a net loss of $93.5 million in 2025 after a $432.3 million loss in 2024, with revenue falling to $651.5 million and cash dwindling to $49.7 million. It cites “unprecedented” spikes in memory‑chip costs (up 80‑115 % in March 2026) and planned supplier production cuts that hurt component availability and sales, along with a softening sales channel and looming breaches of debt covenants that could trigger defaults. To address the crisis, GoPro is pursuing external advisors, exploring a sale or merger, cutting costs, and has launched a restructuring plan that will trim roughly 23 % of its global workforce by year‑end, while seeking waivers, additional debt or equity financing and potential entry into defence and aerospace markets.
Read more: https://timesofindia.indiatimes.com/technology/tech-news/gopro-may-go-out-of-business-in-12-months-in-sec-filing-company-says-our-credit-agreements-impose/articleshow/131513446.cms
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