Stifel Downgrades Fitbit (FIT) to Hold

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Go back to Stifel Downgrades Fitbit (FIT) to Hold

Fitbit Reports $712M Q415 and $1.86B FY15 Revenue; Guides to $2.4 to $2.5B Revenue in FY16

February 22, 2016 4:05 PM EST

Guides FY16 Non-GAAP Gross Margin of 48.5% to 49.0%

SAN FRANCISCO--(BUSINESS WIRE)-- Fitbit, Inc. (NYSE: FIT) the leader in the connected health and fitness market, today reported revenue of $711.6 million, GAAP diluted net income per share of $0.26, non-GAAP diluted net income per share of $0.35, and adjusted EBITDA of $125.3 million, for its fourth quarter of 2015.

For the full-year 2015, the company reported revenue of $1.86 billion, GAAP diluted net income per share of $0.75, non-GAAP diluted net income per share of $1.07, and adjusted EBITDA of $389.9 million.

We believe we are beginning 2016 with strong customer... More