Fitbit shares plunge on earning loss

Beleaguered Fitbit today reported revenue of $571 million, GAAP net loss per share of $(0.19), non-GAAP net loss per share of $(0.02), GAAP net loss of $(46) million, non-GAAP net loss of $(5) million, cash flow from operations of $52 million and free cash flow of $25 million, for its fourth quarter of 2017.

For the full-year 2017, Fitbit reported revenue of $1.6 billion, GAAP net loss per share of $(1.19), non-GAAP net loss per share of $(0.26), GAAP net loss of $(277) million, non-GAAP net loss of $(61) million, cash flow from operations of $61 million and free cash flow of $(25) million.

“Fitbit Inc. shares dropped in the extended session Monday after the wearable fitness-tracker maker’s quarterly results and outlook fell short of Wall Street estimates,” Wallace Witkowski reports for MarketWatch. “Fitbit shares dropped 12% after hours.”

“Analysts surveyed by FactSet had estimated breakeven per-share results on revenue of $588.1 million,” Witkowski reports. “Fitbit estimates an adjusted loss of 21 cents to 18 cents a share on revenue of $240 million to $255 million for the first quarter.”

Read more in the full article here.

MacDailyNews Take: Apple Watch, killer.

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Apple Watch: The war for wearables is over, and Apple won – December 12, 2017
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Macworld reviews Apple Watch Series 3: The wearable leader runs out to an insurmountable lead – October 6, 2017
Jim Dalrymple reviews Apple Watch Series 3: ‘Do yourself a favor and get one’ – September 20, 2017
Wired reviews Apple Watch Series 3: ‘For the first time ever, I love the Apple Watch’ – September 20, 2017
9to5Mac reviews Apple Watch Series 3: Unlocks new potential with LTE, dramatically improved Siri – September 20, 2017
Ming-Chi Kuo: Apple Watch Series 3 LTE models selling much faster than expected – September 18, 2017
Why the carriers must drop the Apple Watch LTE connectivity tax – September 15, 2017
How much Apple Watch Series 3 data plans will cost on Verizon, T-Mobile, AT&T, and Sprint – September 14, 2017
Apple Watch, the world’s best-selling watch, can now work without an iPhone – September 12, 2017
New Apple Watch Series 3 delivers built-in cellular with powerful new health and fitness enhancements – September 12, 2017


  1. Wow those are brutal numbers.

    I don’t see how they will recover. The wearable fitness fad may have come to an end. Cheap plastic garbage bracelets with inaccurate stats that are feature hamstrung.

    And what is the data really doing for people anyway? Really… it’s just a fad. You don’t really do anything with that heart rate data with Fitbit, not that it’s accurate anyway.

  2. … with not a shred of support.
    My heart-rate shows about what I’d expect – 50s when resting. When jogging? 100-130. Yes, I’ve TESTED it. I know a man who is in the 70s while resting and vertical … a TENNIS player.
    Keep your cyncism (I’m being nice, here) to yourself.

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