earnings
confidence high
sentiment positive
materiality 0.65
Arlo Q2 revenue $119M (+20.7% YoY); ARR $117M (+67%); third straight non-GAAP operating profit
Arlo Technologies, Inc.
2022-Q2 EPS reported
-$0.23
revenue$243,730,000
- Q2 revenue $119.0M, up 20.7% YoY, above high-end of guidance; record Q2 revenue.
- GAAP net loss $(0.13)/share; non-GAAP net income $0.01/share; third consecutive non-GAAP operating profit of $1.0M.
- ARR ended at $116.6M, up 67% YoY; added 206,000 paid accounts; cumulative paid accounts surpassed 1.5M.
- Record GAAP gross profit $33.7M (+28.9% YoY) and non-GAAP gross profit $35.1M (+27.7% YoY).
- Q3 guidance: revenue $125-135M; non-GAAP net loss $(0.17)-$(0.10)/share.