GoPro (GPRO US) : Declares previously issued financial statements unreliable; Plans restatements - filing
- Accounting errors involving warrants and convertible debentures materially misstated FY2025, Q3 2025, Q1 2026 and Q2 2026 financial statements; affected figures should no longer be relied upon. The errors do not affect Rev, gross margin, Op loss, cash, operating cash flows, EBITDA or non-GAAP Op income (loss).
- Plans to restate the periods in amended SEC filings as soon as reasonably practicable. Identified a material weakness in internal control over financial reporting.
- Obtained waivers from default under its credit facilities, convertible debentures and senior secured notes related to the restatements; cannot assure it will obtain remaining waivers on acceptable terms or at all.