GoPro CEO Nick Woodman said Monday the company would entertain a sale or partnership with another company, but is still planning on staying independent.

“If there are opportunities for us to unite with a bigger parent company to scale GoPro even bigger, that is something that we would look at,” Woodman told CNBC’s Josh Lipton Monday.

Shares of GoPro fell 30 percent Monday after the company announced it was shuttering its drone division, laying off roughly 20 percent of its workforce and lowering guidance on a weak holiday season.

But Woodman told CNBC’s “Squawk on the Street” he doesn’t regret going public.

As a public company, GoPro has achieved greater global visibility and established a strong customer base for its cameras and subscription service, Woodman said.

“The markets aren’t punishing, they’re actually accurate,” Woodman said. “As a public company it’s our job to translate that consumer success into profitability, and that’s what we’re focused on.”

The company expects to see profitability in the second half of 2018.

“Of course we need to run the business as though we’re going to be independent, and we’re planning accordingly,” Woodman said.

Source: Tech CNBC
GoPro CEO says he'd consider selling the company, but is still planning to be independent