Action camera maker GoPro Inc. (GPRO​) today released further details about the consumer targeted 360-degree camera that CEO Nicholas Woodman discussed during the 2016 edition of the Consumer Electronic Show. It is called the GoPro Fusion. (See also: GoPro Launches Trade-Up Program to Ramp HERO5 Camera Sales.)

GoPro Fusion

GoPro said the spherical-capture camera can capture “fully immersive virtual reality content as well as conventional non-VR video.” The camera has the capability to shoot up to 5.2K video quality at 30 frames per second, according to technology blog the Verge. With a 5.2K video capability, the GoPro Fusion has specifications that are superior to those of the new Samsung Gear 360 and the Nikon KeyMission 360, the tech blog noted.

Woodman said the Fusion gives the same quality one would get if six GoPro cameras were combined in one. "Whether filming for VR or traditional fixed-perspective content, Fusion represents the state of the art in versatile spherical capture," he said.

Professionals Only, For Now

GoPro didn’t give details of a full launch or the price. For now, the action camera maker is only offering access to the camera via a pilot program, which is opened to professional content creators. The pilot program is slated to take off this summer. The company has a history of first allowing professionals to use its new cameras before a full launch.

GoPro has been struggling to get more consumers to buy its cameras, with its revenue, on a trailing-12-month basis, dipping from a peak of roughly $1.8 billion in 2015 down to about $1.16 billion at the end of 2016. In response to dwindling sales, the action camera maker announced in March that it would cut 270 jobs and reduce its operating expenses by more than $200 million to help boost EBITDA this year.

Today's 1% increase brought shares of GRPO to $8.97, with year-to-date gains near 3%.

Want to learn how to invest?

Get a free 10 week email series that will teach you how to start investing.

Delivered twice a week, straight to your inbox.