Fitbit Reports Third Quarter Results
FITBIT INC (FIT)
NASDAQ:AMEX Investor Relations:
investor.fitbit.com/overview/default.aspx
Company Research
Source: Business Wire
Revenue of $393M, Sells 3.6M Devices, Launches Fitbit IonicTM GAAP Net Loss of $113M, Non-GAAP Net Loss of $3M, Adjusted EBITDA of $6M Tax Provision of $86M, Inclusive of a Non-Cash Valuation Allowance Change SAN FRANCISCO--(BUSINESS WIRE)-- Fitbit, Inc. (NYSE:FIT), the leading global wearables brand, today reported revenue of $393 million, GAAP net loss per share of ($0.48), non-GAAP net loss per share of ($0.01), GAAP net loss of ($113) million, non-GAAP net loss of $3 million, and Adjusted EBITDA of $6 million for its third quarter of 2017. “We continue to execute on our transition plan by delivering on our financial guidance and product roadmap, positioning Fitbit on a path back to growth and profitability,” said James Park, co-founder and CEO of Fitbit. “We believe Fitbit Ionic delivers the best health and fitness experience in the c
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