GoPro Inc GPRO Shares are trading down 0.93% to $6.40 during Thursday’s after-hours session after the company reported mixed fourth quarter results.

What happened?

GoPro reported quarterly earnings of 12 cents per share, beating analysts’ consensus estimate of 9 cents. The company also reported quarterly revenue of $321.02 million, which missed analysts’ consensus estimate of $322.80 million by less than 1%. This is an 18% decrease from revenue of $391.15 million for the same period last year.

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Meanwhile, GoPro.com’s revenue, including subscription and service revenue, remained flat year over year at $128 million, or 40% of total revenue. The company highlighted that subscriptions and services revenue grew 30% year over year to $22 million.

“In 2022, GoPro delivered GAAP profitability in a very challenging macro environment. We generated $95 million in EBITDA, or 9% of revenue. Additionally, we grew subscribers to 2.25 million, which has taken our subscription and service revenue to an annual run rate of $100 million with a gross margin of 70-80%,” he said Nicholas HolzmanFounder and CEO of GoPro.

“GoPro ended the year with solid balance sheet metrics and $367 million in cash after repaying $125 million of debt and repurchasing $40 million of stock,” GoPro said Brian McGeeCFO and COO of GoPro.

According to data from Gasoline ProGPRO has a 52-week high of $9.42 and a 52-week low of $4.50.