The drone, which was expected to release in the first half of the year. But the company said that it needed to work on some of the Drone's features. However the company is being a little quiet about why these features did not need working on three months ago.

GoPro's helmet-and body-mounted cameras are popular with surfers, skydivers and other adventure sports enthusiasts, but the outfit is facing competition from better smartphones. The company's revenue halved to $183.5 million in first quarter ended March 31.

GoPro said it shipped 701,000 cameras in the quarter, a 47.8 percent drop from a year earlier. The company posted a net loss of $107.4 million,compared with a profit of $16.8 million a year earlier.