earnings
confidence high
sentiment positive
materiality 0.75
Arlo Q3 revenue $111.1M beats guidance; raises Q4 outlook
Arlo Technologies, Inc.
2021-Q3 EPS reported
-$0.60
revenue$292,276,000
- Revenue $111.1M (+0.8% YoY); GAAP EPS $(0.18), non-GAAP $(0.08); both above high-end of guidance.
- Service revenue $27.0M (+42% YoY); ARR $80M (+103%); added record 182K paid accounts (+214% YoY).
- Non-GAAP service gross margin record 59.5%; cash $166.1M, no debt.
- Q4 guidance: revenue $130-140M; GAAP EPS $(0.16)-$(0.09); non-GAAP EPS $(0.07)-$0.00.
- Management raised full-year revenue and cash balance guidance despite global supply chain challenges.