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GoPro reports 8% revenue decline for 4Q, full year Earnings reports News 

GoPro reports 8% revenue decline for 4Q, full year

GaryPageau
GoPro, Inc. announced financial results for its fourth quarter and full year ended Dec. 31, 2023. In both periods, the company showed an 8% decline in revenues, despite a double-digit percentage increase in subscriber revenue. For the fourth quarter of 2023, GoPro’s revenue was $295 million, down 8% year-over-year, but subscription and service revenue increased 13% year-over-year to $25 million.... Read More
Xerox releases fourth-quarter and full-year results Earnings reports 

Xerox releases fourth-quarter and full-year results

GaryPageau
Xerox Inc., Norwalk, Conn., reported declining sales for the fourth quarter and full year 2023. For the fourth quarter of 2023, revenue was $1.77 billion, down 9.1 percent year-over-year or down 10.6 percent in constant currency, along with a GAAP net loss of $(58) million, or $(0.50) per share, down $179 million or $1.24 per share, year-over-year, respectively. For the... Read More
Profoto sees big drop in quarter 3 sales Earnings reports News 

Profoto sees big drop in quarter 3 sales

GaryPageau
Swedish lighting equipment manufacturer Profoto Holding AG announced third-quarter net sales from July to September dropped 26.8 percent SEK 235 to SEK 172m (235). Organic growth totaled -28.7 percent and the currency effect 1.9 percent.  Net income was SEK 27 million compared to SEK 54 million a year ago. Basic earnings per share from continuing operations was SEK 0.67 compared... Read More
ME Group reports positive financial performance, boosted by photobooths Earnings reports News 

ME Group reports positive financial performance, boosted by photobooths

GaryPageau
 ME Group International plc,  the instant-service equipment group formerly known as Photo ME, announces a post-year end update in respect of the 12 months ended Oct. 31, 2023. Following a strong first-half performance, the group continued to see positive trading momentum throughout the second half, particularly across its core Photobooth and Laundry operations, the company said.   For the 12... Read More
U.S. Postal Service reports $6.5 billion fiscal year loss, 11.4% volume decline of marketing mail Earnings reports 

U.S. Postal Service reports $6.5 billion fiscal year loss, 11.4% volume decline of marketing mail

GaryPageau
The U.S. Postal Service announced its financial results for the 2023 fiscal year ended Sept. 30. The net loss totaled $6.5 billion, compared to net income of $56.0 billion for the prior year. The net income last year was due primarily to the one-time non-cash impact of the Postal Service Reform Act (PSRA) in April 2022 and the results this year were... Read More
Best Buy comparable third-quarter sales declined 6% Earnings reports 

Best Buy comparable third-quarter sales declined 6%

GaryPageau
Best Buy Co., Inc. announced results for the 13-week third quarter ended Oct. 28, 2023, as compared to the 13-week third quarter ended Oct. 29, 2022. Q3 FY24  Q3 FY23 Revenue ($ in millions) Enterprise $9,756 $10,587 Domestic segment $8,996 $9,800 International segment $760 $787 Enterprise comparable sales % change1 (6.9)% (10.4)% Domestic comparable sales % change1 (7.3)% (10.5)% Domestic... Read More
Eastman Kodak reports flat income on lower sales Earnings reports 

Eastman Kodak reports flat income on lower sales

GaryPageau
Eastman Kodak Co. reported third-quarter revenues of $269 million, compared with $289 million for Q3 2022, a decrease of $20 million or 7 percent. Net income was $2 million, flat compared with Q3 2022. A quarter-end cash balance of $246 million, compared with $217 million on December 31, 2022, an increase of $29 million. Cash flow from operations improved $151... Read More
GoPro reports third-quarter revenue of $294 million Earnings reports News 

GoPro reports third-quarter revenue of $294 million

GaryPageau
GoPro, Inc. announced third-quarter revenue of $294 million, down 4% from last year, while the quarterly net loss was $4 million, compared to $18 million in net income. GoPro subscriber count ended Q3 at 2.5 million, up 20% year-over-year. “GoPro had a strong third quarter, demonstrating the merits of the growth strategy we initiated in May,” said Nicholas Woodman, GoPro’s founder... Read More
Perfect Corp. third-quarter revenues up 13% Earnings reports 

Perfect Corp. third-quarter revenues up 13%

GaryPageau
AR/AI software SaaS provider Perfect Corp. announced financial results for the three months ended Sept. 30, 2023. Total revenues grew to $14.5 million, up 13.2% year over year, primarily due to strong growth momentum in AR/AI cloud solutions and subscription revenues, the company said. Gross profit grew from $11.0 million in the third quarter of 2022 to $11.8 million in... Read More
Snap announces third quarter 2023 revenue up 5%, $368 million loss Earnings reports 

Snap announces third quarter 2023 revenue up 5%, $368 million loss

GaryPageau
Snap Inc. announced third-quarter revenues were up 5%, while daily active users were up 12% to 406 million, but the company still lost $368 million. The company’s net loss was $360 million for the same period last year. Revenue was $1,189 million, compared to $1,128 million in the prior year, an increase of 5% year-over-year. “Our revenue returned to positive... Read More
After posting declining sales, Xerox announces reinvention plan Earnings reports 

After posting declining sales, Xerox announces reinvention plan

GaryPageau , , ,
Xerox Holdings Corp. announced its 2023 third-quarter results included revenue of $1.65 billion, down 5.7 percent, but GAAP net income of $49 million, or $0.28 per share, up $432 million or $2.76 per share, year-over-year, respectively. The adjusted net income of $77 million, or $0.46 per share, up $44 million or $0.27 per share, year-over-year, respectively. “Growth in adjusted profit,... Read More
Urbanimmersive secures $700,000 private-placement financing Earnings reports 

Urbanimmersive secures $700,000 private-placement financing

GaryPageau
Financially troubled real-estate photography firm Urbanimmersive Inc. announced securing secured a non-brokered private placement of 10,510,500 units at a price of $0.07 per unit for gross proceeds of $735,735. Each unit consists of one common share of the company and one share purchase warrant entitling the holder to purchase an additional common share of the Company at a price of... Read More
Sports Photo Marketing parent Ennis reports lower second-quarter sales Earnings reports 

Sports Photo Marketing parent Ennis reports lower second-quarter sales

GaryPageau
Ennis, Inc., the parent company of School Photo Marketing, reported second-quarter results for the period ending Aug. 31, 2023.  Revenues were $106.8 million for the quarter compared to $111.2 million for the same quarter last year, a 4.0% decrease. Earnings per diluted share for the current quarter were $0.42 compared to $0.47 for the comparative quarter last year. Our gross... Read More
Kodak Alaris financial report reveals heavy reliance on film business Earnings reports Opinion 

Kodak Alaris financial report reveals heavy reliance on film business

GaryPageau , ,
Kodak Alaris Holding Ltd., the parent company of Kodak Moments, released its Fiscal Year 2023 earnings in the United Kingdom, for the year ending March 31, 2023. The report sheds light on the company’s financial condition and adds context to recent reports the business is up for sale. Among the highlights of the 111-page document was this section below, revealing... Read More