Tag: fitbit

  • Fitbit earnings beat expectations on strength of smartwatch sales

    Fitbit is slowly righting its financial ship, courtesy of a successful push into the smartwatch category. The wearable company reported a profit (when adjusted for items such as stock-based compensation) thanks to growing sales in the new category.    Total revenues rose slightly to $393.6 million in the third quarter compared with the same period […]

  • The many twists and turns of hardware

    Steve Sloane Note: This is the final article in a three-part series on valuation thoughts for common sectors of venture-capital investment. The first article, which attempts to make sense of the SaaS revenue multiple, can be found here; the second, on public marketplaces can be found here. In the context of these splashy exits, it is interesting to […]

  • Fitbit beats revenue expectations slightly, but tracker sales are still down

    Fitbit scored a small coup on earnings this week, ever so slightly beating revenue expectations for the quarter. The company pulled in $247.9 million, up over Wall Street’s expected $247.3 million. Of course, that’s still a notable drop from this time last year, when the company pulled in $298.9 million. The numbers are down as […]