Arlo Reports Third Quarter 2024 Results
Arlo Technologies, Inc. (ARLO)
Last arlo technologies, inc. earnings: 2/24 04:05 pm
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US:NYSE Investor Relations:
investor.netgear.com
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Source: Business Wire
Record service revenue of $61.9 million, growing 21.2% year over yearGAAP service gross margin of 76.7%; non-GAAP service gross margin of 77.4%GAAP net loss per share of $(0.04); non-GAAP net income per share of $0.11Annual recurring revenue (ARR) ended at $241.6 million, growing 20.8% year over year (1)Free cash flow (FCF) of $17.4 million with FCF margin of 12.6%(2) CARLSBAD, Calif.--(BUSINESS WIRE)--Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security company, today reported financial results for the third quarter ended September 29, 2024.“Arlo demonstrated operational excellence in the third quarter, driven by our services business, with our highly profitable ARR growing 21% to reach $242 million and non-GAAP service gross margin at 77%. The record non-GAAP operating margin translated to non-GAAP net income per share of $0.11 and robust free cash flow of $17 million with double-digit free cash flow margin,” said Matthew McRae, Chief Executive Officer of Arlo Tech
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ARLO
News
- The Arlo Technologies, Inc. (NYSE:ARLO) Third-Quarter Results Are Out And Analysts Have Published New Forecasts [Yahoo! Finance]Yahoo! Finance
- Arlo Technologies, Inc. (NYSE: ARLO) had its "buy" rating re-affirmed by analysts at BWS Financial. They now have a $24.00 price target on the stock.MarketBeat
- Arlo Technologies Inc (ARLO) Q3 2024 Earnings Call Highlights: Strong Service Revenue Growth ... [Yahoo! Finance]Yahoo! Finance
- Arlo Technologies (ARLO) Q3 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
- Allstate and Arlo Team Up to Boost Home Protection Just in Time for The HolidaysPR Newswire
ARLO
Earnings
- 11/7/24 - Beat
ARLO
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- 11/7/24 - Form 8-K
- ARLO's page on the SEC website