Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased GoPro, Inc. (“GoPro” or the “Company”) (NASDAQ: GPRO) securities between July 21, 2015 and January 13, 2016, inclusive (the “Class Period”). GoPro investors have until March 14, 2016 to file a lead plaintiff motion.

Investors who suffered losses over $1 million on their GoPro investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

The class action complaint filed on behalf of shareholders alleges that Defendants made materially false and misleading statements to investors and/or failed to disclose: (1) that the Company was experiencing weak sales of its HERO line of cameras throughout the Class Period; (2) that the Company was experiencing weak HERO4 Session sales at the time the third Quarter guidance was announced; (3) that the Company’s third quarter 2015 guidance was based on the assumption that GoPro would be able to sell a significant additional amount of HERO4 Session cameras; (4) that the Company’s third and fourth quarter 2015 guidance was inflated and unrealistic; and (5) that, as a result of the foregoing, Defendants’ statements about GoPro’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On October 28, 2015, the Company issued a press release announcing poor third quarter 2015 revenue of $400 million, far below the company’s own guidance of $430 million to $445 million. During the Company’s quarterly earnings conference call with investors and analysts, GoPro CEO, Nick Woodman, attributed the Company’s poor performance, in part, to weak sales related to the Company’s HERO4 Session camera. Specifically addressing the Company’s guidance miss, Woodman stated “our guidance going into the quarter was actually for a significant additional amount of Session to ship. . . . Session didn't sell through as well as we anticipated . . . .” On this news, the Company’s shares fell $4.59, or more than 15%, to close at $25.62 per share on October 29, 2015, thereby injuring investors.

Subsequently, on January 13, 2016, GoPro issued a press release announcing preliminary fourth quarter 2015 revenue of $435 million, falling below the Company’s guidance of $500 million to $550 million. In addition, GoPro announced that it planned to reduce its workforce by approximately 7% and incur approximately $5 million to $10 million in restructuring costs, substantially all of which relates to severance costs. The Company attributed its dismal fourth quarter results to “lower than anticipated sales of its capture devices” and “a $21 million reduction for price protection related charges resulting from the HERO4 Session repricing in December.” On this news, shares of GoPro fell as much as $4.08 per share, or 27.9%, to lows of $10.52 per share during after hours trading on January 13, 2016, thereby injuring investors.

If you purchased shares of GoPro during the Class Period you may move the Court no later than March 14, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com

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