
GoPro reported a 26% revenue drop in Q1 and faces loan covenant breaches. The company stated there is substantial doubt about its ability to continue as a going concern. Shares dropped as much as 14% following the announcement. The issue stems from memory shortages impacting its product lines. The earnings forecast has been significantly impacted by memory constraints.
Tap to vote and see what everyone thinks.
Broadcom stock slips on disappointing software revenue
Summary by ByteBrief