They were disastrous. The company announced preliminary fourth-quarter numbers on Monday that weren't even in the ballpark of its guidance.
In light of the weak sales, it's hard to imagine which companies might buy GoPro, especially since the company also said this morning that it will exit the drone business after unloading the rest of its Karma inventory.
And although GoPro's Karma drone was the number two offering in its price division, the company will exit the "extremely competitive" drone market, it said.
Woodman earlier told CNBC that the company expected to remain independent, but would consider a sale. The layoffs and Karma kill-off comes amid estimates that GoPro's fourth-quarter revenues will fall more than $100 million short of projections.
The news comes after the firm, whose recent products include the GoPro Hero 6 and the Karma drone, lowered its revenue predictions amid falling sales.
GoPro founder and CEO Nicholas Woodman commented: "Despite significant marketing support, we found consumers were reluctant to purchase HERO5 Black [camera] at the same price it launched at one year earlier".
Together with the tough legal positions in the U.S. and Europe, said GoPro, "these factors make the aerial market untenable".
However, prices rebounded sharply following a report from CNBC that the company has hired JPMorgan to find a buyer. "We entered the new year with strong sell-through and are excited with our hardware and software roadmap".
GoPro's full-year results are expected next month.
FILE - In this Thursday, June 26, 2014, file photo, GoPro CEO Nick Woodman celebrates his company's IPO at the Nasdaq MarketSite in NY. As part of the restructuring plan, Woodman will cut his 2018 cash compensation to $1. Its holiday results were downright very bad, and its disastrous attempt to enter the drone market is the kind of mistake that well-run companies seldom make.