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Stock impact report

Arlo Reports Second Quarter 2024 Results [Yahoo! Finance]

Arlo Technologies, Inc. (ARLO) 
Last arlo technologies, inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.netgear.com
Company Research Source: Yahoo! Finance
Annual recurring revenue (ARR) ended at $235.0 million, growing 21.4% year over year Free cash flow (FCF) of $25.6 million with FCF margin of 10.2% in the first half of 2024 Surpassed 4 million subscribers in July 2024 CARLSBAD, Calif., August 08, 2024 BUSINESS WIRE )--Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security company, today reported financial results for the second quarter ended June 30, 2024. "Arlo's service business continues its strong growth path, recently surpassing 4 million paid accounts and 76% non-GAAP gross margin, while reaching nearly 50% of the company's total revenue. This outstanding performance drove non-GAAP net income per share of $0.19 and free cash flow to over $25 million for the first half of the year; an increase of 177% in non-GAAP net income over the first half of 2023," said Matthew McRae, Chief Executive Officer of Arlo Technologies. "Arlo is well set up for the holiday season across our channels and is seeing an increased Show less Read more
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