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.
Arlo Technologies, Inc. (NYSE: ARLO) has announced a partnership with Citizens Pay to offer bundled hardware and service for DIY home security at a low monthly price, eliminating upfront costs. The Arlo Total Security plan includes 0% APR financing and a user-friendly point-of-sale experience. This initiative aims to make advanced security solutions accessible to more consumers, addressing the needs of over 20 million households currently paying high rates for outdated systems. Details on pricing and plans will be released later this year.
Arlo Technologies, Inc. (NYSE: ARLO) announced on January 30, 2023, the grant of restricted stock units (RSUs) to five new non-executive employees as part of its 2018 Equity Incentive Plan. The RSUs, totaling 27,014 shares, are designed to entice new talent and will vest annually in four equal installments, contingent on continued employment. This move aligns with NYSE Rule 303A.08, aiming to enhance employee retention and support company growth amidst Arlo's commitment to user privacy and smart home security solutions.
Arlo Technologies, Inc. (NYSE: ARLO) announced a conference call scheduled for March 7, 2023, at 5:00 p.m. ET to discuss its fourth quarter and full-year 2022 results. The results will be released after market close on the same day. Interested parties can join the call via toll-free number (888) 660-6387 or through a live webcast available on Arlo's Investor Relations website. Arlo emphasizes its commitment to user privacy and data protection, ensuring that personal data is not monetized and remains secure, aligning with its mission to enhance smart home security.
Arlo Technologies, Inc. (NYSE: ARLO) is set to present at the Raymond James 2022 Technology Investors Conference in New York on December 6, 2022, at 10:55 a.m. ET. The presentation will feature CEO Matthew McRae and CFO Kurt Binder, and will also be available via webcast on Arlo's investor relations website. The company is known for its innovative smart home security products and prioritizes user privacy and data protection. Arlo's comprehensive suite of products includes security cameras, doorbells, and AI-based subscription services.
Arlo Technologies (NYSE: ARLO) reported Q3 2022 revenue of $128.2 million, up 15.3% YoY, with annual recurring revenue (ARR) reaching $125.4 million, growing 56% YoY. The company saw significant growth in cumulative paid accounts, increasing 91% YoY to 1.7 million. Q3 service revenue hit a record $35.4 million, a growth of 31.3% YoY. Despite these gains, Arlo reported a GAAP net loss of $(0.16) per diluted share. Looking forward, the company is focused on strategic partnerships and expanding its product offerings.
Arlo Technologies, Inc. has unveiled the Pro 5S 2K Security Camera, featuring tri-band connectivity and enhanced battery life. Priced at $249.99, this camera integrates with the redesigned Arlo Secure App, providing vital tools like Emergency Response. The Pro 5S boasts features such as dual-band Wi-Fi support, SecureLink connection for uninterrupted service during outages, and improved 2K video quality. The camera enhances user experience with increased battery longevity, color night vision, and compatibility with smart home devices. Pre-orders are available through Arlo.com and Best Buy.
Arlo Technologies (NYSE: ARLO) unveiled its innovative Home Security System, which garnered the 2022 CES Innovation Award. The system features a groundbreaking all-in-one multi-sensor and is supported by a 24/7 Professional Monitoring service. Priced at $199, it is available for pre-order at major retailers. The system includes advanced security features like motion detection, water leak alerts, and integrated emergency response capabilities, simplifying user experience while maximizing security. Customers can choose customized starter bundles for added flexibility.
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.