earnings
confidence high
sentiment positive
materiality 0.75
Arlo Q1 revenue $124.8M (+51% YoY); ARR hits $101.3M (+74%); guides Q2 down
Arlo Technologies, Inc.
2022-Q1 EPS reported
-$0.10
revenue$124,751,000
- Revenue $124.8M vs guidance high-end; GAAP gross profit record $33.6M; non-GAAP gross profit $34.5M.
- GAAP operating loss $8.7M; second consecutive non-GAAP operating profit $1.0M.
- GAAP EPS ($0.10); non-GAAP EPS $0.01; record service revenue $29.9M.
- Added 205K paid accounts in Q1, +79.8% YoY; cumulative paid accounts up 132% YoY.
- Q2 outlook: revenue $105-115M, GAAP EPS ($0.19)-($0.14), non-GAAP EPS ($0.08)-($0.03).