The wearable camera maker said it engaged defense consulting firm Oliver Wyman to support the company’s efforts to expand into the defense and aerospace industries.

GoPro Inc GPRO shares are trading higher after the company reported first-quarter financial results and announced a strategic review on Monday after market close. Here are the key highlights. • GoPro stock is among today’s top performers.

Action camera maker GoPro said on Monday that it intends to review a ​range of strategic options that could include ‌a sale of the company or merger, sending its shares up more than 27% in after-hours trading.

“Over the past 24 years, GoPro has developed significant technology, IP, and brand assets along with world class product development and scaled manufacturing capabilities,” said GoPro Founder and CEO Nicholas Woodman. “We are excited to work with our advisors to evaluate potential opportunities in various sectors to maximize shareholder value.”

GoPro announced plans to evaluate strategic options, including a potential sale or merger, following declining revenue and a wider quarterly loss, boosting its shares by over 27%.

GoPro, Inc. ("GoPro" or the "Company") (NASDAQ: GPRO) today announced that its Board of Directors has authorized the Company to engage in a strategic process, and to engage a financial advisor to assist with that process.

GoPro explores strategic options including a possible sale or merger, shares jump after hours as the company reports wider quarterly losses and lower revenue

In what it's calling a "strategic process," the GoPro Board of Directors announced Monday it's considering selling or merging the company to maximize its value for the stockholders.The news comes on the same day GoPro announced its first-quarter earnings declined 26% year-over-year,

GoPro's New Cameras Have One Feature I'm So Excited About

Days after their unveiling, the prices for the GoPro Mission 1 and Mission 1 Pro action cameras have been revealed. They cost more than the Hero 13 Black, as expected.