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 ...

Continued Subscription Growth Illustrates True User Benefits of Arlo Subscription PlansSAN JOSE, Calif., July 9, 2024 /PRNewswire/ -- Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today announced its AI-powered subscription service has surpassed a milestone of 4 million paid accounts. Arlo's continued subscription growth is a testament of the benefits and value that consumers place on its subscription plans and the overall power of its service business."Subscriptions to Arlo's A ...

Industry Leaders with Common Mission to Protect Customers Collaborate to Deliver Added Peace of Mind Through DIY Smart Home Security Solutions SAN JOSE, Calif., July 2, 2024 /PRNewswire/ -- Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, announced today a strategic partnership agreement with Allstate. With a shared mission to deliver peace of mind to customers, Arlo and Allstate will collaborate to offer protection solutions that bring more value to Arlo customers and Allstate pol ...

Arlo Technologies, Inc. (NYSE:ARLO) Q1 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants Tahmin Clarke - Investor Relations Matthew McRae - Chief Executive Officer Kurt Binder - Chief Financial Officer Conference Call Participants Hamed Khorsand - BWS Financial Scott Searle - ROTH MKM Jacob Stephan - Lake Street Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are on a listen only mode. Later we will conduct a question-and-answer session. [Opera ...

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 March 31, 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 jurisdict ...

NEWS RELEASE Arlo Reports First Quarter 2024 Results Record service revenue of $56.7 million, growing 29.0% year over year Annual recurring revenue (ARR) ended at $227.0 million, growing 24.3% year over year (1) (2) Record free cash flow (FCF) of $19.5 million with FCF margin of 15.7% GAAP net loss per share (EPS) of $(0.10); non-GAAP EPS of $0.09 Extended Verisure partnership for five additional years into 2029 Carlsbad, California - May 9, 2024 - Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home ...

Arlo received highest award honor within the Innovation of the Year, Consumer Products Industries category SAN JOSE, Calif., May 9, 2024 /PRNewswire/ -- Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, proudly announces it has been named a Gold Stevie® Award winner in the Innovation of the Year - Consumer Products Industries category in The 22nd Annual American Business Awards®. As the only smart home security brand in the Consumer Products category to receive a Stevie Award, the ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2023 was $135.1 million, up 14% year-over-year, driven primarily by the strong growth of the services business [19] - Full-year revenue for 2023 was $491.1 million, in line with the prior year [20] - Non-GAAP net income for Q4 was $11 million, up almost $15 million compared to the prior year period, translating to net income per diluted share of $0.11 [27] - Non-GAAP net income for the full-year 2023 was $27.8 million, a significant improvement from a net loss per diluted share of $0.07 in 2022 [28] Business Line Data and Key Metrics Changes - Service revenue for Q4 reached a record $55.9 million, an increase of 46% year-over-year [21] - Full-year service revenue was $201.2 million, up 47% year-over-year, accounting for 41% of total revenue and 87% of total gross profit [22] - Product revenue for Q4 was $79.2 million, consistent with the previous year, while full-year product revenue was approximately $290 million, down 18% year-over-year [23] Market Data and Key Metrics Changes - International business generated 39% of total revenue in 2023, with expectations for continued significance in 2024 [23] - EMEA revenue was down year-over-year due to inventory reduction by the largest customer, Verisure [23] Company Strategy and Development Direction - The company is focused on a services-first operating model, which has led to significant paid customer additions and improved profitability [18] - Arlo aims to expand its addressable market and enhance its service offerings, including potential entry into adjacent markets like InsureTech and Telehealth [44] - The company has set new long-range targets, aiming for 10 million paid subscribers and $700 million in annual recurring revenue by 2030 [49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's trajectory and ability to leverage market dynamics for growth [49] - The company anticipates continued growth in paid accounts and service revenue, with a focus on maintaining profitability and managing operating expenses [28][46] Other Important Information - Arlo was awarded the IoT Security Camera of the Year Award and recognized in Newsweek's Excellence 1,000 Index for 2024 [16] - The company reported a significant improvement in free cash flow, generating positive free cash flow of $35 million in 2023, a turnaround from a negative $48 million in 2022 [28] Q&A Session Summary Question: Can you discuss market adjacencies and their impact on ARPU? - Management indicated that they are exploring adjacent markets like InsureTech, which could leverage existing platform technologies with minimal changes [51][52] Question: Will Arlo Secure 5 drive another price increase in ARPU? - Management noted that significant functionality will be added, setting the stage for potential price increases in the future [58] Question: What are the drivers behind the large quarter-over-quarter paid subscriber increase? - The increase was attributed to a catch-up in subscriber counts from the Verisure South region, with expectations for continued growth in the first half of the year [66]

arlo « Investor Presentation Q1 2024 SAFE HARBOR DISCLOSURE This presentation contains forward-looking statements within the meaning o f the U.S. Private Securities Litigation Reform Act o f 1995. The words "anticipate," "expect," "believe," "will," "may," "should," "estimate," "project," "outlook," "forecast" o r other similar words are used to identify such forward-looking statements. However, the absence o f these words does not mean that the statements are not forward-looking. The forward-looking statem ...