Fitbit (FIT) Tops Q1 EPS by 7c, Revs Beat

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Go back to Fitbit (FIT) Tops Q1 EPS by 7c, Revs Beat

Fitbit Reports First Quarter Results for the Three Months Ended March 30, 2019

May 1, 2019 4:05 PM EDT

Revenue of $272 million, GAAP Loss Per Share of $(0.31), Non-GAAP Loss Per Share of $(0.15) Revenue increased 10% year-over-year driven by both tracker and smartwatch growth

SAN FRANCISCO--(BUSINESS WIRE)-- Fitbit, Inc. (NYSE: FIT) today reported revenue of $272 million, GAAP net loss per share of $(0.31), non-GAAP net loss per share of $(0.15), GAAP net loss of $(79) million, non-GAAP net loss of $(38) million, cash flow from operations of $(68) million and free cash flow of $(74) million for its first quarter of 2019.

We saw continued momentum across our business in the first... More