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Fitbit Inc

FIT.N

Latest Trade

4.17USD

Change

0.31(+8.03%)

Volume

1,891,280

Today's Range

3.89

 - 

4.21

52 Week Range

2.81

 - 

6.96

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Fitbit Diversifies Its Supply Chain Outside Of China

Oct 9 (Reuters) - Fitbit Inc <FIT.N>::FITBIT DIVERSIFIES ITS SUPPLY CHAIN OUTSIDE OF CHINA.FITBIT - STARTING IN JANUARY 2020, COMPANY EXPECTS THOSE PRODUCTS WILL NO LONGER BE OF CHINESE ORIGIN AND THEREFORE NOT SUBJECT TO SECTION 301 TARIFFS.FITBIT INC - UNDERTAKEN A PLAN TO SHIFT ITS MANUFACTURING OPERATIONS OUTSIDE OF CHINA FOR EFFECTIVELY ALL OF ITS TRACKERS AND SMARTWATCHES.FITBIT INC - AS A RESULT OF EXPLORATION OF ALTERNATIVES TO CHINA, CO MADE CHANGES TO SUPPLY CHAIN; HAVE ADDITIONAL CHANGES UNDERWAY.FITBIT INC - WILL PROVIDE MORE DETAILS OF FINANCIAL IMPLICATIONS OF TARIFF MITIGATION EFFORTS DURING UPCOMING Q3 EARNINGS CONFERENCE CALL.

Fitbit and FibriCheck Announce Partnership to Deliver CE-Marked Heart Health Detection App

Sept 24 (Reuters) - Fitbit Inc <FIT.N>::FITBIT AND FIBRICHECK ANNOUNCE PARTNERSHIP TO DELIVER CE-MARKED HEART HEALTH DETECTION APP TO FITBIT SMARTWATCH USERS IN EUROPE.FITBIT -USERS IN BELGIUM, NETHERLANDS, IRELAND & UK CAN USE FIBRICHECK TO HELP DETECT HEART RHYTHM IRREGULARITIES LIKE ATRIAL FIBRILLATION.

Fitbit Reports Q2 Non-GAAP Loss Per Share Of $0.14

July 31 (Reuters) - Fitbit Inc <FIT.N>::FITBIT REPORTS SECOND QUARTER RESULTS FOR THE THREE MONTHS ENDED JUNE 29, 2019.Q2 GAAP LOSS PER SHARE $0.27.SEES FY 2019 REVENUE $1.43 BILLION TO $1.48 BILLION.SEES Q3 2019 REVENUE DOWN 10 TO 15 PERCENT.Q2 REVENUE $314 MILLION VERSUS REFINITIV IBES ESTIMATE OF $312 MILLION.Q2 NON-GAAP LOSS PER SHARE $0.14.Q2 EARNINGS PER SHARE ESTIMATE $-0.18 -- REFINITIV IBES DATA.SEES Q3 REVENUE TO DECLINE 15% TO 10% YEAR-OVER-YEAR AND TO BE IN RANGE OF $335 MILLION TO $355 MILLION.SEES Q3 NON-GAAP BASIC NET LOSS PER SHARE IN RANGE OF $0.11 TO $0.09.SEES Q3 ADJUSTED EBITDA TO BE IN RANGE OF A LOSS OF $27 MILLION TO $19 MILLION.FOR Q3, EXPECT AN INCREASE IN DEVICES SOLD AND A DECLINE IN AVERAGE SELLING PRICE, EACH YEAR-OVER-YEAR.SEES 2019 NON-GAAP BASIC NET LOSS PER SHARE IN RANGE OF $0.38 TO $0.31.FOR 2019, SEES AN INCREASE IN DEVICES SOLD IN 2019 AND A DECREASE IN AVERAGE SELLING PRICE, EACH YEAR-OVER-YEAR.REDUCING 2019 NON-GAAP OPERATING EXPENSE TARGET TO APPROXIMATELY $640 MILLION.FITBIT HEALTH SOLUTIONS ON-TRACK TO DELIVER REVENUE OF ABOUT $100 MILLION IN 2019.QTRLY TRACKER REVENUE INCREASED 51% YEAR-OVER-YEAR.Q3 EARNINGS PER SHARE VIEW $0.02, REVENUE VIEW $399.4 MILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $-0.15, REVENUE VIEW $1.56 BILLION -- REFINITIV IBES DATA.

Fitbit Reports Q1 GAAP Loss Per Share $0.31

May 1 (Reuters) - Fitbit Inc <FIT.N>::FITBIT REPORTS FIRST QUARTER RESULTS FOR THE THREE MONTHS ENDED MARCH 30, 2019.Q1 GAAP LOSS PER SHARE $0.31.SEES FY 2019 REVENUE ABOUT $100 MILLION.SEES Q2 2019 REVENUE UP 2 TO 7 PERCENT.Q1 REVENUE $272 MILLION VERSUS REFINITIV IBES ESTIMATE OF $259.7 MILLION.Q1 NON-GAAP LOSS PER SHARE $0.15.Q1 EARNINGS PER SHARE ESTIMATE $-0.22 -- REFINITIV IBES DATA.EXPECT DEVICES SOLD TO INCREASE IN 2019, BUT AVERAGE SELLING PRICE TO DECLINE.EXPECT NON-GAAP GROSS MARGIN TO BE APPROXIMATELY 41% IN SECOND HALF OF YEAR AND DECLINE MODESTLY TO APPROXIMATELY 40% FOR FULL YEAR.SEES FY 2019 OPERATING EXPENSES IN RANGE OF $660 MILLION TO $690 MILLION.SEES FY 2019 ADJUSTED EBITDA TO BE IN RANGE OF LOSS OF $30 MILLION TO BREAKEVEN.SEES FY 2019 CAPITAL EXPENDITURES AS A PERCENTAGE OF REVENUE OF APPROXIMATELY 3%.IN Q2, EXPECT AN INCREASE IN DEVICES SOLD AND A DECLINE IN AVERAGE SELLING PRICE.EXPECT Q2 NON-GAAP GROSS MARGIN TO BE APPROXIMATELY 36% TO 38%.EXPECT Q2 NON-GAAP BASIC NET LOSS PER SHARE IN RANGE OF $0.20 TO LPS OF $0.17.

Fitbit Reports Q1 Gaap Loss Per Share Of $0.31

May 1 (Reuters) - Fitbit Inc <FIT.N>::FITBIT REPORTS FIRST QUARTER RESULTS FOR THE THREE MONTHS ENDED MARCH 30, 2019.FITBIT SEES FY 2019 REVENUE TO BE IN RANGE OF $1.52 BILLION TO $1.58 BILLION.Q1 GAAP LOSS PER SHARE $0.31.SEES Q2 2019 REVENUE UP 2 TO 7 PERCENT.Q1 REVENUE $272 MILLION VERSUS REFINITIV IBES ESTIMATE OF $259.7 MILLION.Q1 NON-GAAP LOSS PER SHARE $0.15.Q1 EARNINGS PER SHARE ESTIMATE $-0.22 -- REFINITIV IBES DATA.EXPECT DEVICES SOLD TO INCREASE IN 2019, BUT AVERAGE SELLING PRICE TO DECLINE.EXPECT NON-GAAP GROSS MARGIN TO BE APPROXIMATELY 41% IN SECOND HALF OF YEAR AND DECLINE MODESTLY TO APPROXIMATELY 40% FOR FULL YEAR.SEES FY 2019 OPERATING EXPENSES IN RANGE OF $660 MILLION TO $690 MILLION.SEES FY 2019 ADJUSTED EBITDA TO BE IN RANGE OF LOSS OF $30 MILLION TO BREAKEVEN.SEES FY 2019 CAPITAL EXPENDITURES AS A PERCENTAGE OF REVENUE OF APPROXIMATELY 3%.IN Q2, EXPECT AN INCREASE IN DEVICES SOLD AND A DECLINE IN AVERAGE SELLING PRICE.EXPECT Q2 NON-GAAP GROSS MARGIN TO BE APPROXIMATELY 36% TO 38%.EXPECT Q2 NON-GAAP BASIC NET LOSS PER SHARE IN RANGE OF $0.20 TO LPS OF $0.17.

Fitbit Says CEO's Total Compensation For 2018 Was $3.4 Mln Versus $3.6 Mln In 2017

April 11 (Reuters) - Fitbit Inc <FIT.N>::FITBIT SAYS CEO JAMES PARK'S TOTAL COMPENSATION FOR 2018 WAS $3.4 MILLION VERSUS $3.6 MILLION IN 2017.FITBIT INC SAYS FOR 2018, RATIO OF ANNUAL TOTAL COMPENSATION OF CEO TO MEDIAN OF ANNUAL TOTAL COMPENSATION OF ALL EMPLOYEES WAS 24 TO 1.

Fitbit To Not Renew Engagement Of PricewaterhouseCoopers As Its Independent Registered Public Accounting Firm

March 14 (Reuters) - Fitbit Inc <FIT.N>::FITBIT - ON MARCH 8,CO CHOSE NOT TO RENEW ENGAGEMENT OF PRICEWATERHOUSECOOPERS WHICH WAS SERVING AS CO'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.FITBIT - NOTIFIED PWC ON MARCH 9, 2019 THAT IT WOULD BE DISMISSED AS COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, EFFECTIVE IMMEDIATELY.FITBIT INC - AUDIT COMMITTEE APPROVED APPOINTMENT OF GRANT THORNTON LLP AS COMPANY'S NEW INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.

Fitbit Launches Four New Wearables

March 6 (Reuters) - Fitbit Inc <FIT.N>::FITBIT LAUNCHES FOUR NEW WEARABLES.FITBIT - ANNOUNCED 4 NEW PRODUCTS – FITBIT VERSA LITE EDITION, FITBIT INSPIRE HR, FITBIT INSPIRE, FITBIT ACE 2.FITBIT - TO SOON LAUNCH MAJOR REDESIGN TO FITBIT APP.FITBIT - VERSA LITE EDITION AVAILABLE FOR $159.95; INSPIRE HR AVAILABLE FOR $99.95; INSPIRE AVAILABLE FOR $69.95.FITBIT - ACE 2 WILL BE AVAILABLE IN STORES, ONLINE BEGINNING SUMMER 2019 FOR $69.95.FITBIT - VERSA LITE EDITION, INSPIRE HR, INSPIRE TO BE AVAILABLE IN AMERICAS, ASIA PACIFIC, EUROPE, MIDDLE EAST, AFRICA STARTING MARCH 2019.

Fitbit And Solera Health Expand Partnership To Reduce Risk Of Type 2 Diabetes

March 6 (Reuters) - Fitbit Inc <FIT.N>::FITBIT AND SOLERA HEALTH EXPAND PARTNERSHIP TO REDUCE RISK OF TYPE 2 DIABETES.FITBIT - CO, SOLERA HEALTH ARE MAKING LATEST FITBIT DEVICES, FITBIT INSPIRE AND INSPIRE HR, AVAILABLE TO ALL SOLERA DPP PARTICIPANTS.

Fitbit Says EMEA Was Under Expectations Driven By Weakness In The U.K. Market

Feb 27 (Reuters) - Fitbit Inc <FIT.N>::U.S. AND APAC REGIONS WERE ABOVE EXPECTATIONS WHILE EMEA WAS UNDER EXPECTATIONS DRIVEN BY WEAKNESS IN THE U.K. MARKET- CONF CALL.FITBIT - CO'S DECISION NOT TO PROMOTE VERSA IN EMEA NEGATIVELY IMPACTED SELL-THROUGH WHILE SPECIFICALLY, IN ITS LARGEST INTERNATIONAL MARKETS, THE U.K.FITBIT - Q1 IS TYPICALLY CO'S LOWEST GROSS MARGIN QUARTER AS IT IS NEGATIVELY IMPACTED BY FIXED COST DELEVERAGING DUE TO THE SEASONALLY LOWER REVENUE.FITBIT - 44 PERCENT OF THE TOTAL REVENUE IN Q4 CAME FROM SMARTWATCHES- CONF CALL.FITBIT - ANTICIPATES THERE WILL BE DOUBLE-DIGIT REVENUE GROWTH FOR FITBIT HEALTH SOLUTIONS FOR ABOUT $100 MILLION IN 2019- CONF CALL.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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