Arlo Technologies Stock Price, News & Analysis

Arlo Technologies (NYSE: ARLO) reported Q3 2021 results exceeding revenue and non-GAAP EPS guidance. Revenue reached $111.1 million, a 0.8% increase year over year, while service revenue soared to $27.0 million, growing 42% year over year. The company announced an Annual Recurring Revenue (ARR) of $80 million, representing a 103% increase. Cash and equivalents totaled $166.1 million, with no debt. Arlo added 182,000 paid accounts in Q3, a 214% increase year over year, and forecasts Q4 revenue between $130 million to $140 million.

Arlo Technologies announces the launch of the Arlo Go 2 LTE/Wi-Fi Security Camera, designed for secure monitoring in areas lacking reliable Wi-Fi. Priced at $249.99, this device offers 4G LTE connectivity, a wire-free design, and 1080p HD video with color night vision. It features two-way audio, a built-in siren, and GPS positioning for theft recovery. Users can utilize a three-month trial of Arlo Secure for enhanced security features. Currently available via Verizon, additional carriers will be added next year.

Arlo Technologies, Inc. (NYSE: ARLO) will hold a conference call on November 9, 2021 at 5:00 p.m. ET to discuss its third quarter 2021 results. The results will be released after the market closes on the same day. Investors can join the call using a toll-free number, and a live webcast will be available on the company's Investor Relations website. Arlo emphasizes a commitment to user privacy and security while providing innovative smart home solutions.

Arlo Technologies, Inc. (NYSE: ARLO) announced significant compatibility enhancements with major smart home platforms including Amazon Alexa, Apple HomeKit, Google Home Assistant, IFTTT, and Samsung SmartThings. These upgrades enhance user experience, allowing seamless voice command functionalities, motion notifications, and live video feeds across various smart devices. Arlo's commitment to innovation provides users flexibility in managing home security regardless of their preferred smart home ecosystem, ensuring an integrated security solution.

Arlo Technologies (NYSE: ARLO) announced an expanded availability of its products through a strategic partnership with Calix (NYSE: CALX). This collaboration allows millions of U.S. subscribers to access Arlo's advanced security solutions via over 1,600 Broadband Service Providers (BSP). With DIY security systems growing to 55% of the market, this partnership aims to increase accessibility for consumers, especially in non-metropolitan areas. The integration enables BSPs to offer Arlo's products as managed services, enhancing their service offerings and potential revenue.

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.