GoPro on track to launch the latest version of its flagship camera
The company is now betting on the Hero6 and the Fusion 360
GoPro forecast third-quarter adjusted revenue to $310 million
GoPro forecast a smaller-than-expected loss, and said it was on track to launch the latest version of its flagship camera by the holiday season, as the company seeks to achieve its goal of returning to adjusted profitability in 2017.

The company's shares were up 12 percent at $9.28 in after-market trading, and were set to wipe out their year-to-date decline if they open at that level on Friday.

Once a Wall Street favorite, GoPro's body-mounted point-of-view cameras won a huge following among surfers, skydivers and other action junkies.

But the company came under pressure following a series of missteps including a delay in the launch of its Karma drone and production issues with its Hero5 camera.