secwatch.observer — SEC 8-K summary
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Issuer:     Arlo Technologies, Inc. (ARLO)
CIK:        0001736946
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001736946-21-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arlo beats Q2 revenue and non-GAAP EPS guidance; revenue up 48% YoY to $98.6M
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- Revenue of $98.6M, +47.9% YoY; non-GAAP EPS loss of $(0.04) beat high-end outlook.
- Service revenue record $25.3M (+48.3% YoY); added 146K paid accounts in Q2, total 700K+.
- GAAP gross margin 26.6%; non-GAAP gross margin 27.9%; cash $178.7M, no debt.
- Sublease of San Jose office to save $3M-$4M per year starting Feb 2022; $9.1M non-cash impairment.
- Q3 guidance: revenue $100M-$110M; non-GAAP net loss per share $(0.19)-$(0.12).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1736946/000173694621000036/0001736946-21-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1736946/000173694621000036/arlo-20210804.htm
  HTML page:      https://secwatch.observer/filing/0001736946-21-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer