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Fitbit Result 26/02/2018

Fitbit reported Q4 revenue of $570.8 million, a decrease of $3 million compared to $573.8 million reported in Q4 of 2016. Net loss was $45.5 million compared to a net loss of $146.3 million last year. Fitbit sold 5.4 million wearable devices in Q4 and the average selling price increased by 20% to $102 per device.

For the full year revenue was $1.62 billion and net income was $2.17 billion. Average selling price increased by 8% to $101 per device and company sold 15.3 million wearable devices,