https://techcrunch.com/2019/05/01/fitbit-beats-q1-revenue-expectations-as-smartwatch-growth-continues/

Fitbit’s financial rebound continued in the first quarter, as the company generated $271.9 million in revenue, beating Wall Street expectations of $259.7 million. The good news is almost exclusively the domain of the company’s increased focus on smartwatches, which grew 117 percent year over year.

That, in turn, is thanks to this year’s debut of the Versa Lite, a version of Fitbit’s best smartwatch that’s focused on cost, one of the company’s primary selling point against the dominant Apple Watch. It’s a continued payoff of Fitbit’s purchase of Pebble, Vector and Coin — a hail Mary designed to put the company back on track after initially ceding the smartwatch space to Apple, Samsung, Garmin and the like.