Category: Earnings reports

GoPro Inc. announced financial results for its first quarter ended March 31, 2023. The company’s revenue was $175 million, down 19% year-over-year, but 6% higher than the midpoint of prior Q1 guidance. GAAP net loss was $30 million down from net income of $6 million in the prior year period. Non-GAAP net loss was $29 million. On the positive side, GoPro subscriber count ended Q1 at... Read More

Eastman Kodak Co. reported first-quarter consolidated revenues of $278 million, compared with $290 million for Q1 2022, a decrease of $12 million or 4 percent (decreased by $2 million on a constant currency basis, or 1 percent). Kodak reported a net income of $33 million, compared with a net loss of $3 million for Q1 2022, an increase of $36... Read More

Canon Inc. on Wednesday reported first-quarter earnings of $426.6 million on revenue of $7.34 billion in the period. According to the earnings release: “In the Imaging Business Unit, as for the interchangeable-lens digital cameras, the number of unit sales decreased due to the shifting of demand to mirrorless cameras. However, the EOS R6 Mark II full-frame mirrorless camera, which was released... Read More

Xerox Corp. reported first-quarter revenue of $1.72 billion, up 2.8 percent year-over-year or up 5.5 percent in constant currency. The company’s GAAP earnings per share (EPS) was $0.43, up $0.81 year-over-year. “Demand for our print equipment and related services remains resilient despite continued economic uncertainty, as evidenced by another quarter of growth in both equipment revenue and constant currency post-sale revenue,... Read More

Ctech reports Israel-based theme-park imaging company Pomvom Ltd. entered into an agreement with Warner Bros to provide its services at The Making of Harry Potter park that Warner is building in Tokyo and which is expected to open this June. The company will also continue to provide services at two other Warner parks, Warner Bros Studio Tour in Los Angeles... Read More

The ME Group (formerly Photo-Me International plc) reported strong financial performance was driven by increased demand and a progressive increase of prices, particularly for photobooth and laundry services, across Continental Europe and in the UK and the Republic of Ireland, the company said. Photo.ME revenue increased by 25.2% to £154.3 million as photobooth activity continued to recover following the easing of... Read More