In line with its previous warning, GoPro reported a turnover of $119 million in the first quarter, more than half the $243 million level of the year-ago period. The transition to a more efficient and profitale direct-to-consumer model reduced operating expenses mitigating the decline in the gross margin, which was went down to 33.1 percent from 34.2 pecent. On an adjusted basis, the Ebitda loss increased to $41 million from $1 million. The net loss grew to $64 million from $50 million.