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Fitbit Inc (FIT.N)

FIT.N on New York Stock Exchange

4.10USD
20 Sep 2019
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$0.43 (+11.72%)
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Latest Key Developments (Source: Significant Developments)

Fitbit Says CEO's Total Compensation For 2018 Was $3.4 Mln Versus $3.6 Mln In 2017
Friday, 12 Apr 2019 

April 11 (Reuters) - Fitbit Inc ::FITBIT SAYS CEO JAMES PARK'S TOTAL COMPENSATION FOR 2018 WAS $3.4 MILLION VERSUS $3.6 MILLION IN 2017.FITBIT INC SAYS FOR 2018, RATIO OF ANNUAL TOTAL COMPENSATION OF CEO TO MEDIAN OF ANNUAL TOTAL COMPENSATION OF ALL EMPLOYEES WAS 24 TO 1.  Full Article

Fitbit To Not Renew Engagement Of PricewaterhouseCoopers As Its Independent Registered Public Accounting Firm
Thursday, 14 Mar 2019 

March 14 (Reuters) - Fitbit Inc ::FITBIT - ON MARCH 8,CO CHOSE NOT TO RENEW ENGAGEMENT OF PRICEWATERHOUSECOOPERS WHICH WAS SERVING AS CO'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.FITBIT - NOTIFIED PWC ON MARCH 9, 2019 THAT IT WOULD BE DISMISSED AS COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, EFFECTIVE IMMEDIATELY.FITBIT INC - AUDIT COMMITTEE APPROVED APPOINTMENT OF GRANT THORNTON LLP AS COMPANY'S NEW INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.  Full Article

Fitbit Launches Four New Wearables
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Fitbit Inc ::FITBIT LAUNCHES FOUR NEW WEARABLES.FITBIT - ANNOUNCED 4 NEW PRODUCTS – FITBIT VERSA LITE EDITION, FITBIT INSPIRE HR, FITBIT INSPIRE, FITBIT ACE 2.FITBIT - TO SOON LAUNCH MAJOR REDESIGN TO FITBIT APP.FITBIT - VERSA LITE EDITION AVAILABLE FOR $159.95; INSPIRE HR AVAILABLE FOR $99.95; INSPIRE AVAILABLE FOR $69.95.FITBIT - ACE 2 WILL BE AVAILABLE IN STORES, ONLINE BEGINNING SUMMER 2019 FOR $69.95.FITBIT - VERSA LITE EDITION, INSPIRE HR, INSPIRE TO BE AVAILABLE IN AMERICAS, ASIA PACIFIC, EUROPE, MIDDLE EAST, AFRICA STARTING MARCH 2019.  Full Article

Fitbit And Solera Health Expand Partnership To Reduce Risk Of Type 2 Diabetes
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Fitbit Inc ::FITBIT AND SOLERA HEALTH EXPAND PARTNERSHIP TO REDUCE RISK OF TYPE 2 DIABETES.FITBIT - CO, SOLERA HEALTH ARE MAKING LATEST FITBIT DEVICES, FITBIT INSPIRE AND INSPIRE HR, AVAILABLE TO ALL SOLERA DPP PARTICIPANTS.  Full Article

Fitbit Reports Fourth Quarter Results
Thursday, 28 Feb 2019 

Feb 27 (Reuters) - Fitbit Inc ::FITBIT REPORTS $571 MILLION Q4’18 REVENUE AND $1.51 BILLION FY’18 REVENUE.Q4 GAAP EARNINGS PER SHARE $0.06.SEES FY 2019 REVENUE $1.52 BILLION TO $1.58 BILLION.SEES Q1 2019 REVENUE $250 MILLION TO $268 MILLION.SEES FY 2019 REVENUE UP 1 TO 4 PERCENT.SEES Q1 2019 REVENUE UP 1 TO 8 PERCENT.Q4 REVENUE $571 MILLION VERSUS REFINITIV IBES ESTIMATE OF $569.3 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.07 -- REFINITIV IBES DATA.GREW ACTIVE USERS 9% TO 27.6 MILLION, GREW DEVICE SHIPMENTS IN Q4'18.QTRLY ADJUSTED EARNINGS PER SHARE $0.14.SEES Q1 CAPITAL EXPENDITURES AS A PERCENTAGE OF REVENUE OF APPROXIMATELY 3%.SEES Q1 NON-GAAP BASIC NET LOSS PER SHARE IN RANGE OF ($0.24) TO ($0.22).SEES FY CAPITAL EXPENDITURES AS A PERCENTAGE OF REVENUE OF APPROXIMATELY 3%.Q1 EARNINGS PER SHARE VIEW $-0.15, REVENUE VIEW $272.3 MILLION -- REFINITIV IBES DATA.FY2019 REVENUE VIEW $1.57 BILLION -- REFINITIV IBES DATA.EXPECT DEVICES SOLD TO INCREASE IN 2019, BUT AVERAGE SELLING PRICE TO DECLINE.  Full Article

Fitbit-Provided Notice To Terminate Second Amended & Restated Credit Agreement Dated Dec 10, 2015
Thursday, 22 Nov 2018 

Nov 21 (Reuters) - Fitbit Inc ::FITBIT - PROVIDED NOTICE TO TERMINATE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED DEC 10, 2015.FITBIT - DID NOT INCUR ANY EARLY TERMINATION PENALTIES IN CONNECTION WITH TERMINATION OF SVB LOAN AGREEMENT - SEC FILING.  Full Article

Fitbit Announces Global Availability Of Highly Anticipated Charge 3
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Fitbit Inc ::FITBIT ANNOUNCES GLOBAL AVAILABILITY OF HIGHLY ANTICIPATED CHARGE 3.FITBIT INC - ANNOUNCED AVAILABILITY OF FITBIT CHARGE 3 AT MAJOR RETAILERS WORLDWIDE, ONLINE AND AT FITBIT.COM FOR $149.95 BEGINNING OCT 7.  Full Article

Fitbit Reports Q2 Adjusted Loss Per Share Of $0.22
Thursday, 2 Aug 2018 

Aug 1 (Reuters) - Fitbit Inc ::FITBIT REPORTS SECOND QUARTER 2018 RESULTS.SEES FY 2018 REVENUE ABOUT $1.5 BILLION.Q2 GAAP LOSS PER SHARE $0.49.SEES Q3 2018 REVENUE DOWN 3 PERCENT.Q2 REVENUE $299 MILLION VERSUS I/B/E/S VIEW $285.4 MILLION.Q2 NON-GAAP LOSS PER SHARE $0.22.Q2 EARNINGS PER SHARE VIEW $-0.24 -- THOMSON REUTERS I/B/E/S.SEES Q3 2018 NON-GAAP LOSS PER SHARE $0.02 TO $+0.01.  Full Article

Immersion Reaches Global Settlement With Fitbit
Monday, 9 Jul 2018 

July 9 (Reuters) - Immersion Corp ::IMMERSION REACHES GLOBAL SETTLEMENT WITH FITBIT.IMMERSION CORP - SETTLEMENT & LICENSE AGREEMENT WITH FITBIT TERMS OF WHICH ARE CONFIDENTIAL..  Full Article

Fitbit Announces Departure Of Chief Financial Officer Bill Zerella
Wednesday, 6 Jun 2018 

June 6 (Reuters) - Fitbit Inc ::FITBIT ANNOUNCES DEPARTURE OF CHIEF FINANCIAL OFFICER BILL ZERELLA.FITBIT INC - COMPANY PROMOTES CHIEF ACCOUNTING OFFICER RON KISLING TO CFO.FITBIT INC - REAFFIRMS Q2 AND FY 2018 REVENUE AND EARNINGS GUIDANCE.FITBIT INC - HAS INCREASED CONFIDENCE IN ITS OUTLOOK THAT SMARTWATCH REVENUE WILL BE MORE THAN 50% OF SALES IN SECOND HALF OF 2018.  Full Article

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Exclusive: Fitbit considers whether it should explore a sale - sources

Wearable device maker Fitbit Inc has been in talks with an investment bank about the possibility of exploring a sale amid challenges in successfully pivoting from fitness trackers to smartwatches, people familiar with the matter said on Friday.