Adventure photography champion, GoPro is rumored to schedule the release date of its Go Pro Hero 4 for March, 2015.

Following the massive success of its first three camera, the company is rumored to be working on the fourth iteration that will sport new mounting solution called Sportsman Mount.

This feature will allow users to mount the GoPro Hero 4 to any pole with diameter between 10cm and 23cm, which is perfect for fishermen, gun enthusiasts and archers.

While this innovation could spell another victory for the action camera maker, GoPro's CEO and Founder Nicholas Woodman is faced with wider losses in the stock market even after the company posted a 38.1% revenue growth versus previous year.

According to Reuters, shares fell 11% to $42.70 in extended trading after announcing its first financial report since the entrée with an IPO in June.

Woodman attributed the growth to strong partnerships outside the United States:

"We are a global brand with room for expansion opportunities," he said. "38% of revenue came outside of America and there are growth opportunities in Europe, Japan, China and Korea."

Woodman's net worth is estimated to be around $1.3 billion.

GoPro has risen to superstardom for its unique wearable cameras that are used by surfers, skydivers and action junkies to capture photos of their daredevil stunts and post their exploits online.

Its popularity has ushered the company to the IPO and its founder to the billion-dollar list.

One of GoPro's most avid and famous users is Mark Burnett, five-time Emmy award winner:

"We have used GoPro cameras in some of our biggest productions, like Survivor and The Bible. GoPro has allowed us to capture and share fascinating new perspectives that previously weren't possible or were too costly, which in the end makes for better story telling. We are always excited to see what GoPro is working on next."