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Stockreport

Fitbit Reports Second Quarter 2018 Results

Fitbit, Inc (FIT)  More Company Research Source: Business Wire
NASDAQ:AMEX Investor Relations: investor.fitbit.com/overview/default.aspx
PDF Revenue of $299 million, GAAP Loss Per Share of ($0.49), Non-GAAP Loss Per Share of ($0.22) Fitbit VersaTM sells out in the quarter, smartwatch revenue grows to 55% SAN FRANCISCO--(BUSINESS WIRE)-- Fitbit, Inc. (NYSE:FIT), the leading global wearables brand, today reported revenue of $299 million, GAAP net loss per share of ($0.49), non-GAAP net loss per share of ($0.22), GAAP net loss of ($118) million, non-GAAP net loss of ($54) million, cash flow from operations of ($67) million and free cash flow of ($83) million for its second quarter of 2018. “Our performance in Q2 represents the sixth consecutive quarter that we have delivered on our financial commitments, made important progress in transforming our business, and continued to adapt to the changing wearables market. Demand for Versa, our first ‘mass-appeal’ smartwatch, is very strong. Within the second q [Read more]

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