Fitbit Inc. recorded Q3 net losses of $113.4 million, compared with profits of $26.1 million in the year ago quarter, on sales which fell to $392.5 million from $503.8 million. For the nine months there were losses of $231.7 million, contrasting with profits of $43.5 million a year earlier, on revenue of $1.04 billion, down from $1.6 billion. The company said that, although US turnover grew, EMEA turnover fell and it has a transition plan to put the business back “on a path to growth and profitability”.
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