GoPro, Inc. (NASDAQ:GPRO) Q4 2023 Earnings Conference Call February 7, 2024 5:00 PM ET

Company Participants

Chris Clark - Vice President, Corporate Communications

Nicholas Woodman - Chief Executive Officer

Brian McGee - Chief Financial Officer and Chief Operating Officer

Conference Call Participants

Erik Woodring - Morgan Stanley

Martin Yang - Oppenheimer

Operator

Good afternoon. Thank you for attending today's GoPro Fourth Quarter 2023 Earnings Call. My name is Cole, and I'll be the moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. [Operator Instructions]

I would now like to pass the conference over to our host, Chris Clark, VP of Corporate Communications. Please go ahead.

Chris Clark

Thank you, Cole. Good afternoon, and welcome to GoPro's fourth quarter and full year 2023 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 commentary from Nick followed by Q&A.

For detailed information about our fourth quarter and full year 2023 performance as well as outlook, please read our Q4 and 2023 earnings press release and the management commentary we've posted to the Investor Relations section of GoPro's website.

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. This means that results could change at any time 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 our most recent annual report on Form 10-K for the year ended December 31, 2022, which is on file with the Securities and Exchange Commission, and other reports that we might file from time to time with the SEC.

Today, we may discuss gross margin, operating expense, net profit and loss, adjusted EBITDA, as well as basic and diluted net profit and loss per share in accordance with GAAP and on a non-GAAP basis. 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 website. Unless otherwise noted, all income statement related numbers that are discussed in the management commentary and remarks made today other than revenue are non-GAAP.