The Sphere, Las Vegas' newest eye-catching attraction, has posted a $98.4 million loss for the fiscal quarter, which would be expected given it only recently opened. What isn't expected is the simultaneous departure of CFO Gautam Ranji.
Tech startup BOOM, which said it wanted to be the "Amazon for photography," has allegedly failed to pay photographers that it inherited from its acquisition of LemonOne due to financial difficulties.
Ordinarily, it is the end-of-year results that are the most interesting as they provide a picture of how the year has gone and what the outlook for the next year is. However, with this report, Canon has confirmed three critically important aspects of the camera market which gives it increased confidence going forward.
In a question and answer document attached to its second quarter 2022 financial results, Canon responds to an inquiry about the future of the camera market by saying it believes it "has largely bottomed out at its current size."
Following massive losses in its Reality Labs division, Meta CEO Mark Zuckerberg has reportedly told employees that the company is experiencing "one of the worst downturns [it has seen] in recent history."
Nikon recently released its annual results which are a key metric in determining how well the manufacturer is doing both in terms of short-term finances as well as implementing its medium-term strategy. The quick takeaway is that it's making more money, but that camera market share is worryingly low. What does this mean for it going forward?
With 2021 well and truly over, those manufacturers that align their finances to the calendar year are now producing their financial reports. Canon's latest figures reveal strong and sustained performance, even during the pandemic, which is a result of its shift to mirrorless camera manufacture and facilitating the beginning of a new market dominance.
GNARBOX is no longer operated by the people who founded and ran it for the last several years. According to Tim Feess, the company's founder and former CEO, the original management team is no longer with the company and hasn't been since November of 2021.
Just a year after Nikon posted the largest loss in its history, financials are looking strong. Nikon increased its expected revenue for the next quarter and is building a massive new headquarters in Japan, slated to be completed in 2024.
Canon and Sony made up a vast majority of the camera sales in 2020, which saw a 40% dip in market size globally during what was an incredibly rough year for the industry and the market is only predicted to shrink further.
After over half a century as a privately-held business, the Swedish lighting company Profoto went public today, listing its shares on the Nasdaq Stockholm stock exchange. As a public company, Profoto is now required to publicly disclose its financial performance for the first time.
Nikon has financially struggled over the past year due to a host of factors, but according to the company's CFO Muneaki Tokunari, it expects to be fully in the black by the next fiscal year. Additionally, it will push to release 12 lenses in the next 12 months.
The digital camera industry has been nosediving as of late, and Nikon is feeling the pain. In its latest financial results, Nikon revealed some grim numbers and an even darker forecast. The company's business of selling cameras and lenses will no longer be its biggest revenue-generating segment.
It’s standard practice for commercial photography clients to ask photographers for their ‘day rate’. Most estimates that photographers provide start with a day rate before going on to production costs and expenses.
It looks like things are getting back on track for GoPro after the company lost over $370 million last year. But its second quarter report shows that GoPro has increased revenue by 34% year-on-year, pulling in $297 million.
Here's the crazy corner Nikon is in: they can claim a modest 7% increase in operating income for the fiscal year that they just finished, but had far lower net sales and, with restructuring costs, had a significant loss. Nikon predicts that they'll recover to profitability next fiscal year, but with lower sales.
Photographers often grumble about Getty Images taking too big a slice from each stock photo sale, but it turns out the company hasn't been lining its pockets with mountains of cash generated by its contributors -- in fact, it hasn't been doing so hot financially as of late.
Last week, Canon reported its latest quarter's financial results, which included some big double-digit drops in revenue and profit. Now it's Nikon's turn to show the world how it's finances are doing. The company reported its latest quarterly results yesterday, and the numbers are decent.
Canon released its quarterly financial results yesterday, and things aren't looking so rosy based on Q3 2012. Revenue has fallen 13% to $10.3 billion from the same period last year, and profit dropped 42% to $908 million.
The business world let out a collective gasp when it was announced back in April that Facebook …
This past Monday, stock photography behemoth Shutterstock filed documents with the SEC to have an IPO and list its shares on the New York Stock Exchange. The process requires Shutterstock to reveal its financial details, so the document provides an interesting look at how the company ticks and the state of the stock photography industry.
They say that when it rains it pours, and nowhere is that more evident than with the troubled, once-great photography company Kodak. After filing for bankruptcy, narrowing its focus to printers, and selling the Kodak Gallery for pennys on the dollar, we sort of hoped the company would start to see some rays of sunshine break through their perpetual cloud cover. Unfortunately, their quarter's earnings report is anything but sunny.