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.
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Arlo Technologies, Inc. (NYSE: ARLO) announced equity grants to thirteen new employees on April 24, 2023, under its 2018 Equity Incentive Plan, following NYSE Rule 303A.08. The grants involve restricted stock units (RSUs) covering 262,629 shares. Twelve employees received RSUs for 190,201 shares, vesting annually in four equal installments, while one employee received RSUs for 72,428 shares, vested over five years with a staggered schedule. The RSUs are contingent on continued employment. Arlo positions itself as a leader in smart home security, emphasizing user privacy and data protection. Its cloud-based platform supports a range of award-winning devices, enhancing user experience in connected lifestyles.
Arlo Technologies, Inc. (NYSE: ARLO) has announced a conference call scheduled for May 11, 2023, at 5:00 p.m. ET to discuss its first quarter 2023 results. The results will be released after market close on the same day. Investors can join the live call via toll-free dial-in number (888) 660-6387 or internationally at (929) 203-1909, using conference ID 7749064. A live webcast will also be available on Arlo's Investor Relations website. The company emphasizes its commitment to transforming smart home experiences through innovative products and services, ensuring user privacy and security.
Shapeways Holdings, Inc. (NYSE: SHPW) has appointed Christine Gorjanc to its Board of Directors, effective April 3, 2023. Gorjanc, a former Chief Financial Officer of NETGEAR, brings extensive financial expertise and experience in scaling technology companies. CEO Greg Kress expressed enthusiasm for Gorjanc's contributions in advancing Shapeways' growth initiatives within the digital manufacturing sector. Gorjanc will also serve on the Board's Audit Committee, where her qualifications as an Audit Committee Financial Expert will be utilized. Shapeways specializes in digital manufacturing, providing various solutions and enabling broad market adoption of additive manufacturing.
Arlo Technologies (NYSE: ARLO) announced a significant milestone, surpassing 2 million paid subscribers as of March 16, 2023. This achievement reflects the company's ongoing commitment to innovation and user experience. In Q4 2022, Arlo added 189,000 paid accounts, with continued growth into Q1 2023. The company plans to introduce new products, including the Arlo Home Security System and Arlo Safe, to enhance subscriber acquisition. Arlo Secure subscriptions start at $12.99 per month, offering features like 24/7 Emergency Response and 4K Cloud-based Video Recording.
Arlo Technologies reported its financial results for the full year and fourth quarter ended December 31, 2022. The company achieved a total revenue of $490 million, marking a 13% year-over-year growth. Service revenue reached $136 million, growing 32%. Q4 revenue was $118.5 million, a decrease of 17% year-over-year. Notably, Q4 service revenue hit a record $38.3 million, growing 34.6%. The annual recurring revenue (ARR) at the end of Q4 was $137.8 million, up 52.9% year-over-year. Despite a net loss per share of $(0.25) for Q4, the company aims for profitability in 2023.