GoPro's going-concern warning intensifies as memory costs and covenant pressure strain liquidity

ca.finance.yahoo.com

GoPro faces substantial doubt about its ability to continue as a going concern due to rising memory costs and covenant pressure. The action-camera maker's warning follows a difficult first quarter with falling revenue and a failure to comply with loan covenants, exacerbated by an 80-115% increase in memory prices. GoPro is exploring strategic alternatives, including a sale or merger, and plans workforce reductions.


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GoPro's going-concern warning intensifies as memory costs and covenant pressure strain liquidity | News Minimalist