With the U.S. economy and jobs market running on all cylinders, the concept of targeting stocks to buy under $15 specifically to overcome the February blues might appear unnecessary. Again, most of the key fundamental metrics point toward the northward direction. Let’s not also forget that we avoided a recession last year.Still, like an antagonist in a horror film that might not have expired yet, it pays to be prepared: there could be one last jump scare. Further, with all that has transpired in the economy ...

SAN JOSE, Calif., Feb. 2, 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 February 1, 2024, Arlo's Compensation and Human Capital Committee granted restricted stock units, or RSUs, to twenty-four new non-executive employees covering an aggregate of 213,874 shares of the Company's common stock as an inducemen ...

Arlo Technologies, Inc. (NYSE:ARLO) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Tahmin Clarke - Investor Relations Matthew McRae - Chief Executive Officer Kurt Binder - Chief Financial Officer Conference Call Participants Scott Searle - MKM Jacob Stephan - Lake Street Adam Tindle - Raymond James Hamed Khorsand - BWS Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in a listen-only mode. [Operator Instructions]. I would now lik ...

Q3 2023 Investor Presentation 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 forward-looking statements repres ...

Arlo Technologies, Inc. (NYSE:ARLO) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET Corporate Participants Erik Bylin - Investor Relations Matthew McRae - Chief Executive Officer Kurt Binder - Chief Financial Officer Conference Call Participants Hamed Khorsand - BWS Jacob Stephan - Lake Street Jake Norrison - Raymond James Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in a listen-only mode. [Operator Instructions]. I would now like to turn the confe ...

Arlo Technologies, Inc. (NYSE:ARLO) Q1 2023 Earnings Conference Call May 11, 2023 5:00 PM ET Company Participants Erik Bylin - IR Matthew McRae - CEO Kurt Binder - CFO Conference Call Participants Jacob Stephan - Lake Street Adam Tindle - Raymond James Hamed Khorsand - BWS Financial Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. [Operator Instructions] I would now like to turn the confer ...

Q4 2022 Investor Presentation 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 forward-looking statements repres ...

Arlo Technologies, Inc. (NYSE:ARLO) Q4 2022 Earnings Conference Call March 7, 2023 5:00 PM ET Company Participants Erik Bylin - IR Matthew McRae - CEO Kurt Binder - CFO Conference Call Participants Jacob Stephan - Lake Street Capital Markets Jake Norrison - Raymond James Hamed Khorsand - BWS Financial Operator Ladies and gentlemen, thank you standing by. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] I would now like to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2022 | --- | --- | --- | |--------------------------------------------------------------|------------------------------------------------------------------------------|-------------------------------------------------------| | (Exact \nDelaware | ARLO TECHNOLOGIES, INC. name of registrant as specified ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2022 was $128 million, up 7.7% sequentially and over 15% year-over-year [6][16] - Non-GAAP gross profit reached a record $38 million, up over $13 million from a year ago, resulting in a non-GAAP gross margin of nearly 30% [7][18] - Non-GAAP net loss was $4.2 million, translating to a net loss per diluted share of $0.05, which was better than guidance and improved by $0.03 year-over-year [20] Business Line Data and Key Metrics Changes - Service revenue reached $35.4 million, up 31% year-over-year, with non-GAAP service gross margin rising to 66.7% [7][17] - Product revenue for Q3 2022 was $92.7 million, up 10% year-over-year, driven by the shipment of 1.3 million cameras [17] - Total paid accounts increased by 91% year-over-year, adding 195,000 paid accounts in Q3 [7][15] Market Data and Key Metrics Changes - Revenue from the EMEA region increased by 70% year-over-year, primarily due to the strategic relationship with Verisure [17][18] - 45% of product revenue came from international customers, indicating a diverse customer base [17] Company Strategy and Development Direction - The company is transitioning to a services-first business model and diversifying routes to market through enterprise partnerships [4][10] - A pause on the branding campaign was implemented due to market volatility, with a focus on optimizing operational expenditures [8][24] - New product launches, including Arlo Safe and the Innovative Security System, aim to expand the addressable market and enhance subscriber growth [11][14] Management's Comments on Operating Environment and Future Outlook - Management noted a shift in consumer behavior due to inflationary pressures and recession threats, leading to a weaker demand outlook [7][9] - The company expects Q4 revenue to be between $105 million and $115 million, with a cautious approach to 2023 due to market uncertainties [23][25] - Plans to reduce operating expenses by about 10% and maintain a disciplined approach to managing costs were highlighted [24][21] Other Important Information - The company ended Q3 with $125.3 million in cash, down $10 million sequentially, attributed to increased inventory investments [21][22] - Inventory balance increased to $73.2 million, reflecting a strategy to maintain appropriate inventory levels for consumer demand [22] Q&A Session Summary Question: Actions regarding headcount and inventory management - Management confirmed a 10% reduction in headcount and a review of outside expenses to optimize operations [29] Question: Reasons for demand changes and retailer inventory adjustments - Management indicated that demand was monitored closely, with significant changes observed post-Labor Day, leading retailers to reduce inventory levels [32][33] Question: Expectations for net losses in 2023 despite service revenue growth - Management expressed caution regarding guidance for 2023, emphasizing the need for a disciplined approach amid economic uncertainty [35] Question: Confirmation of 2023 guidance and growth expectations - Management clarified that growth expectations were adjusted based on current market conditions, anticipating a flat to down market [38] Question: Softness in the US market and inventory increase - Management identified consumer retail channels as the source of demand weakness, while noting the strategic investment in inventory to meet future demand [41][42] Question: Timeline for pausing the brand awareness campaign - Management stated that the campaign was paused towards the end of Q3, with residual spending expected in Q4 [44]