GoPro fell more than 10% in early premarket trading after delaying its Q3 earnings release and 10-Q filing, citing unfinished accounting and valuation work on financing arrangements. Preliminary Q3 revenue of ~$96M is down 41% from $163M a year ago, gross margin collapsed to ~12.7% from 35.1%, and going-concern doubt continues. GoPro is seeking lender waivers; without them, a default could let Starman Optical terminate the pending merger.
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