Fitbit (FIT) Tops Q3 EPS by 14c; Raises Outlook
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Fitbit Reports $409M Q315 Revenue; Raises Guidance to $1.77 to $1.80B FY15 Revenue
November 2, 2015 4:05 PM ESTNon-GAAP Gross Margin Increases Sequentially to 48.3%
SAN FRANCISCO--(BUSINESS WIRE)-- Fitbit, Inc. (NYSE: FIT) the leader in the connected health and fitness market, today reported revenue of $409.3 million, GAAP net income per share of $0.19, non-GAAP net income per share of $0.24 and adjusted EBITDA of $85.0 million, for its third quarter of 2015.
Revenue of $409 million increased 168% year-over-year, exceeding the high end of our guidance, and adjusted EBITDA nearly doubled, said James Park, Fitbit co-founder and CEO. Fitbits third quarter results demonstrated the continued rapid growth of the Fitbit platform and... More
