Welcome to our dedicated page for Arlo Technologies news (Ticker: ARLO), a resource for investors and traders seeking the latest updates and insights on Arlo Technologies stock.
Arlo Technologies, Inc. reports news tied to its smart home security platform, connected security devices, and subscription services. The company offers cloud-based monitoring and analytics for homes, businesses, and personal security through products such as wire-free Wi-Fi and LTE-enabled cameras, video doorbells, floodlights, security systems, and services including Arlo Secure and Arlo Safe.
Recurring updates cover subscriptions and services revenue, annual recurring revenue, gross margin trends, product and service expansion, investor events, employee equity awards, and capital allocation actions such as stock repurchases. News also reflects Arlo's completed expansion into AI-powered aging-in-place and wellness care services through the acquisition of Aloe Care Health.
On October 24, 2022, Arlo Technologies (NYSE: ARLO) granted restricted stock units (RSUs) to 18 new non-executive employees, totaling 125,197 shares, as part of its 2018 Equity Incentive Plan. These RSUs will vest in four equal annual installments, subject to the employees' continued service. This equity grant aligns with NYSE Rule 303A.08, aiming to attract talent while emphasizing Arlo's commitment to enhancing its workforce. The company focuses on providing innovative smart home security solutions, prioritizing user privacy and data protection.
Arlo Technologies, Inc. (NYSE: ARLO) will host a conference call on November 8, 2022, at 5:00 p.m. ET to discuss its third quarter 2022 results. A news release will precede the call after market close on the same day. Investors can join the call via toll-free number (888) 660-6387 or through an international line at (929) 203-1909, using conference ID 7749064. The live webcast will be available on Arlo's Investor Relations website.
Arlo Technologies, Inc. (NYSE: ARLO) has launched the Arlo Safe app, a comprehensive personal safety solution providing 24/7 access to emergency responders, family check-ins, and automatic crash detection. The app is available for free on iOS and Android, with subscription plans starting at $4.99 per month. Key features include one-touch emergency response, family safety tracking, and vehicle crash detection. Additionally, Arlo offers the Arlo Safe Button for discreet emergency alerts, priced at $29.99. The new service aims to enhance user safety and connectivity.
Arlo Technologies, Inc. (NYSE: ARLO) announced the granting of equity awards to its new CFO, Kurt Binder, on September 30, 2022, in accordance with NYSE Rule 303A.08. The awards include 1,500,000 shares, divided into 750,000 restricted stock units (RSUs) and 750,000 performance-vesting RSUs (PSUs). The RSUs vest annually over five years, while PSUs vest based on achieving subscriber milestones. This move aims to incentivize Binder as part of his induction into the company.
Arlo Technologies, Inc. announced the appointment of Kurt Binder as Chief Financial Officer, effective September 26, 2022, following the resignation of Gordon Mattingly. Binder, formerly of CalAmp Corporation, brings extensive experience in consumer and IoT sectors. His expertise aims to enhance Arlo's strategic initiatives and shareholder value. CEO Matthew McRae lauded Binder’s diverse background and operational focus, while expressing gratitude for Mattingly's contributions over 19 years. The transition is expected to strengthen Arlo's long-range plans.
Arlo Technologies reported strong Q2 financial results, with a revenue of $119 million, a 20.7% year-over-year increase, surpassing guidance. The company achieved a record GAAP gross profit of $33.7 million, marking a 28.9% increase year-over-year. Non-GAAP gross profit also reached a record $35.1 million, up 27.7% year-over-year. Cumulative paid accounts grew 113% year-over-year, exceeding 1.5 million. Despite a GAAP operating loss of $11.3 million, Arlo reported a non-GAAP operating profit of $1 million for the third consecutive quarter.
Arlo Technologies (NYSE: ARLO) has launched its inaugural national advertising campaign, titled "Protect Your Everything," aimed at addressing everyday security concerns. The campaign comprises relatable narratives reflecting common anxieties such as home safety and package theft. It will run across various media platforms including Bravo, Hulu, and ESPN, alongside digital ads. The initiative highlights Arlo's advanced smart home security solutions, reinforcing a growing market demand for safety in homes, particularly as 42% of Americans feel unsafe in their homes.
On July 25, 2022, Arlo Technologies (NYSE: ARLO) granted restricted stock units (RSUs) to 15 new non-executive employees as part of its 2018 Equity Incentive Plan. The total of 329,881 shares will vest over four years, dependent on continued service. This equity grant aligns with NYSE Rule 303A.08, aimed at attracting talent and enhancing employee engagement. Arlo continues to innovate in the smart home security sector, emphasizing user privacy and data protection.
Arlo Technologies, Inc. (NYSE: ARLO) will conduct a conference call on August 9, 2022, at 5:00 p.m. ET to discuss its second quarter 2022 results. The related news release will be available after market close on the same day. Investors can join via a toll-free number or through a live webcast on the company's Investor Relations website. Arlo continues to focus on delivering innovative smart home solutions, emphasizing user privacy and data security while launching several cutting-edge connected devices.
Arlo Technologies (NYSE: ARLO) reported strong Q1 2022 results with revenue hitting $124.8 million, a 51.1% increase year-over-year, surpassing guidance. This resulted in a record non-GAAP gross profit of $34.5 million, with a GAAP gross margin of 26.9%. The company achieved an annual recurring revenue (ARR) of $101.3 million, growing 74% year-over-year. Notably, Arlo recorded a GAAP operating loss of $8.7 million, but a non-GAAP operating profit of $1.0 million. The company anticipates Q2 revenue between $105 million and $115 million.