GoPro Warns of Substantial Doubt About Its Ability to Continue as a Going Concern
GoPro has filed an updated report with the SEC indicating its auditor now expresses 'substantial doubt' about the company's ability to continue operating for another year due to ongoing losses and cash flow issues. The news caused GPRO shares to drop from $1.26 on Friday to around $1.10 by Monday.
Tickers: $GPRO
Topics: auditor warning company survival risk GoPro SEC filing