Latest DIY Smart Floodlight Camera Builds on Arlo's Award-Winning Wire-Free FloodlightSAN JOSE, Calif., Oct. 15, 2024 /PRNewswire/ -- Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today announced the Wired Floodlight Camera, an all-in-one DIY security solution built on Arlo's award-winning and innovative wire-free floodlight. With a direct power source for uninterrupted security, the feature-rich Wired Floodlight Camera delivers enhanced visibility and protection of outdoor spac ...

For Schaeffer's Cheap Seats: Stocks Under $20 segment, we're taking a look at Arlo Technologies Inc (NYSE:ARLO) and Applied Optoelectronics Inc (NASDAQ:AAOI), both of which are making sizeable intraday moves.Shares of Arlo Technologies, a maker of wireless surveillance cameras that went public in October 2018, were last seen up 3.5% at $12.27, following the company's newly adopted $50 million stock repurchase program. Today's gain helped ARLO leapfrog the +25% year-to-date level. Now standing 28.3% higher i ...

Arlo Secure Subscription Plans Feature New Proprietary AI Technology to Provide Personalized ProtectionSAN JOSE, Calif., Sept. 24, 2024 /PRNewswire/ -- Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today announced Arlo Secure 5, the next generation of smart home security powered by Arlo Intelligence (AI). Arlo's new proprietary AI technology introduces a suite of industry-first features such as custom detections, vehicle recognition and person recognition. Arlo Secure 5 further ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $127 million, an increase of 11% year-over-year, with annual recurring revenue (ARR) rising over 21% to $235 million [6][17] - Non-GAAP earnings per share for Q2 was $0.10, bringing the first half earnings per share to $0.19, a 171% increase year-over-year [6][25] - Non-GAAP operating profit for Q2 was $9.2 million, a 70% improvement year-over-year, with a 166% increase for the first half of 2024 [19][25] Business Line Data and Key Metrics Changes - Service revenue represented 47% of total revenue, up from 44% year-over-year, with service revenue reaching a record $60.3 million, a 20% increase [17][18] - Product revenue for Q2 was $67.2 million, up 3.8% year-over-year, with 1.3 million devices shipped compared to 954,000 in the prior year [19][20] - Average revenue per user (ARPU) for retail and direct paid accounts grew to $12, a record high for the company [6][36] Market Data and Key Metrics Changes - Approximately 50% of total revenue was generated from international customers, significantly up from 32% year-over-year [21] - The company expects service revenue to grow at approximately 20% over the previous year, becoming a larger portion of overall revenue [27] Company Strategy and Development Direction - The company is focused on a services-first business model, aiming for 10 million paid accounts, $700 million in ARR, and over 25% operating margins [6][19] - Strategic partnerships, including a renewed five-year collaboration with Verisure and a new partnership with Allstate, are expected to drive growth [9][10] - The company is investing in organic growth through technology development and customer experience enhancement, with plans for a three-year device roadmap [10][12][13] Management's Comments on Operating Environment and Future Outlook - Management noted consumer pressure affecting initial hardware purchases but highlighted a successful pricing strategy that has driven service revenue growth [7][27] - The second half of 2024 is expected to mirror the previous year, with strong positioning for holiday sales [8][41] - Management expressed confidence in achieving long-term targets despite current macroeconomic challenges [16][27] Other Important Information - The company ended Q2 with $144 million in cash and equivalents, up over $20 million since June 2023 [25] - Free cash flow for the first half of 2024 was $25.6 million, representing a margin of 10% [26] Q&A Session Summary Question: Clarification on ad server development for Arlo Secure platform - Management confirmed that ad capabilities are being developed in parallel with Arlo Secure 5, with testing expected in Q4 [30] Question: Insights on promotional activities with Walmart - Management indicated that promotional activities for the holiday season will be similar to the previous year, with Walmart as a significant partner [33][34] Question: Trends in Americas vs. EMEA markets - Management noted strong growth in EMEA, largely due to Verisure, while the Americas face some consumer headwinds but are expected to gain households [38][41] Question: Product gross margin expectations - Management expects product gross margins to remain in the mid-single-digit range for the second half of the year [50] Question: Opportunities in InsureTech market - Management expressed excitement about the partnership with Allstate and the potential for future growth in the InsureTech space [52][56]

©2024 – ALL RIGH TS RESERVED Investor Presentation Q2 2024 SAFE HARBOR DISCLOSURE This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words "anticipate," "expect," "believe," "will," "may," "should," "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forw ...

Arlo Technologies (ARLO) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this maker of smart connected devices would post earnings of $0.09 per share when it actually produced earnings of $0.09, delivering no surprise.Over the last four quar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38618 ARLO TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 38-4061754 (State or other jurisdicti ...

NEWS RELEASE Arlo Reports Second Quarter 2024 Results Record service revenue of $60.3 million, growing 19.7% year over year GAAP net loss per share of $(0.12); non-GAAP net income per share of $0.10 Annual recurring revenue (ARR) ended at $235.0 million, growing 21.4% year over year (1) (2) Free cash flow (FCF) of $25.6 million with FCF margin of 10.2% in the first half of 2024 Surpassed 4 million subscribers in July 2024 Carlsbad, California – August 8, 2024 – Arlo Technologies, Inc. (NYSE: ARLO), a leadin ...

SAN JOSE, Calif., July 29, 2024 /PRNewswire/ -- Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today announced that it had made equity grants to new employees under its 2018 Equity Incentive Plan (the "Plan") in accordance with NYSE Rule 303A.08.On July 29, 2024, Arlo's Compensation and Human Capital Committee granted restricted stock units, or RSUs, to eighteen new non-executive employees covering an aggregate of 257,540 shares of the Company's common stock as an inducement for ...

Arlo Technologies (ARLO) shares rallied 19.7% in the last trading session to close at $16.52. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4.7% gain over the past four weeks.Arlo is benefiting from its AI-powered subscription service surpassing 4 million paid accounts, reflecting the value consumers place on its subscription plans and service business.This maker of smart connected devices is expected to po ...