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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.
Arlo Technologies, Inc. (NYSE: ARLO) announced the appointment of Catriona Fallon to its Board of Directors and as Chair of the Audit Committee, filling a vacant seat and expanding the board to seven members. CEO Matthew McRae emphasized her financial and technology expertise as a significant asset as Arlo continues to innovate in home security. Fallon, current CFO at Aktana, has held similar roles in several tech firms and brings a wealth of experience to Arlo, aiming to enhance product offerings while maintaining user privacy.
Arlo Technologies, Inc. (NYSE: ARLO) reported Q2 2021 results with a revenue of $98.6 million, up 47.9% year-over-year, and a GAAP gross profit of $26.2 million, an increase of 376.8%. The non-GAAP gross margin stood at 27.9%. Despite a GAAP net loss per diluted share of $(0.28), service revenue hit a record $25.3 million, up 48.3% year-over-year. The company expects Q3 revenue between $100.0 million and $110.0 million. A non-cash impairment charge of $9.1 million was recorded due to office subleasing.
Arlo Technologies, Inc. (NYSE: ARLO) has launched AI-based subscription services, Arlo Secure and Secure Plus, offering unlimited device support, advanced AI object detection, and a new Emergency Response feature. Customers can call for help with one touch, expediting emergency responses. The Secure plan starts at $9.99 per month, while Secure Plus is priced at $14.99 per month, featuring enhanced video quality and emergency services. A three-month free trial is available with hardware purchases starting July 21, 2021.
Arlo Technologies, Inc. (NYSE: ARLO) will host a conference call on August 4, 2021, at 5:00 p.m. ET to discuss its second quarter 2021 results. The news release detailing these results will be released after the market closes on the same day. Investors can join the call using a toll-free number or via a live webcast on Arlo's Investor Relations website. Arlo is recognized for its innovative smart home security solutions, focused on delivering user-friendly products while also prioritizing user data privacy.
Arlo Technologies reported Q1 2021 revenue of $82.6 million, a 26.1% increase YoY. GAAP gross profit soared 552.8% to $25.8 million, with a gross margin of 31.3%. Non-GAAP loss per diluted share improved to $(0.03). Cash reserves stood at $177.1 million with no debt. The company added 114,000 paid accounts, marking a 356.0% YoY growth. The outlook for Q2 2021 estimates revenue between $80 million and $90 million, with a projected GAAP net loss per share of $(0.33) to $(0.26).
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Arlo Technologies (NYSE: ARLO) will host a conference call on May 5, 2021, at 5:00 p.m. ET to discuss its Q1 2021 results. This call follows the release of the earnings announcement after market close on the same day. Investors can join the live audio call via a toll-free number or listen to a webcast available on Arlo’s Investor Relations site.
Arlo aims to enhance users' lifestyle with its smart home security solutions and emphasizes its commitment to data privacy.
Arlo Technologies has launched its new Essential Indoor Camera featuring an automated privacy shield for enhanced user control over monitoring. Retailing at $99.99, the camera provides 1080p HD video, a 130-degree field-of-view, and two-way audio capabilities. Users can manage recording settings via the Arlo app, ensuring privacy when needed. The product has received recognitions, including a 2021 CES Innovation Award. Additionally, a complimentary three-month trial of Arlo Smart service is included, offering extra features like rolling cloud storage and emergency service connectivity.
Arlo Technologies, a leader in internet-connected security cameras, announced that CEO Matthew McRae and CFO Gordon Mattingly will present at the Raymond James 42nd Annual Virtual Institutional Investors Conference.
Date: Monday, March 1, 2021
Time: 1:20 p.m. ET
The presentation will also be webcast on Arlo's IR website. Arlo is dedicated to providing smart home experiences through innovative security solutions while prioritizing user privacy and data protection.
Arlo Technologies (NYSE: ARLO) announced Q4 and full-year 2020 financial results, revealing a 6.2% drop in quarterly revenue to $114.8 million. While full-year revenue declined 3.5% to $357.2 million, gross profit rose significantly, with quarterly GAAP gross profit increasing 79% year over year. The company reported a quarterly net loss per diluted share of $(0.19). Notably, paid account growth surged 89.1% year over year, reflecting momentum in its subscription services. Arlo projects continued growth, aiming for one million paid accounts by the end of 2021.