Start Time: 17:00 January 1, 0000 5:28 PM ET
GoPro, Inc. (NASDAQ:GPRO)
Q3 2022 Earnings Conference Call
November 03, 2022, 17:00 PM ET
Company Participants
Nicholas Woodman - Chairman and CEO
Brian McGee - EVP, CFO and COO
Jalene Hoover - VP, IR
Conference Call Participants
Martin Yang - Oppenheimer
Jim Suva - Citigroup
Erik Woodring - Morgan Stanley
Operator
Hello, everybody, and welcome to today's GoPro's Third Quarter 2022 Earnings Call. My name is Drew, and I'll be coordinating your call today. [Operator Instructions].
I'm now going to hand over to Jalene Hoover, Vice President, Investor Relations to begin. Please go ahead.
Jalene Hoover
Thank you, Drew. Good afternoon everyone and welcome to GoPro's third quarter 2022 earnings conference call. With me today are GoPro's CEO, Nicholas Woodman; and CFO and COO, Brian McGee. Today's agenda will include a brief introduction from Nick and some commentary from Brian, followed by Q&A. For detailed information about our third quarter 2022 performance and our outlook, please read the management commentary we posted to the Investor Relations section of GoPro's Web site.
Before I pass the call to Nick, I'd like to remind everyone that our remarks today may include forward-looking statements. Forward-looking statements and all other statements that are not historical facts are not guarantees of future performance and are subject to a number of risks and uncertainties, which may cause actual results to differ materially. Additionally, any forward-looking statements made today are based on assumptions as of today, including, but not limited to, uncertainty related to the duration and impact of the COVID-19 pandemic and the war in Ukraine. This means that results could change at any time.
Our commentary about our business results and outlook is based on the information available as of today's date. And we do not undertake any obligation to update these statements as a result of new information or future events. To better understand the risks and uncertainties that could cause actual results to differ from our commentary, we refer you to the most recent annual report on Form 10-K for the year ended December 31, 2021, which is on file with the Securities and Exchange Commission and is updated in future filings with the SEC, including the quarterly report on Form 10-Q for the quarter ended September 30, 2022.
Today, we may discuss gross margin, operating expense, net profit and loss, EBITDA as well as basic and diluted net profit and loss per share in accordance with GAAP and on a non-GAAP basis. We believe that non-GAAP information is useful, because it can enhance the understanding of our ongoing economic performance. We use non-GAAP reporting internally to evaluate and manage our operations and we choose to provide this information to enable investors to perform comparisons of operating results in a manner similar to how we analyze our own operating results. A reconciliation of GAAP to non-GAAP operating expenses can be found in the press release that was issued this afternoon, which is posted on the Investor Relations section of our Web site.