Arlo Q2: record non-GAAP EPS $0.06, service revenue up 53.5% YoY, ARR $194M (+66%)

Arlo Technologies, Inc.

2023-Q2 EPS reported -$0.24 revenue$226,080,000

Revenue $115.1M (-3.3% YoY); service revenue $50.3M (+53.5% YoY) at top of guidance range.
GAAP EPS $(0.08); record non-GAAP EPS $0.06; free cash flow $12M (10% margin).
ARR $193.6M (+66.1% YoY); added 245K paid accounts; cumulative ~2.3M (+54.9% YoY).
Q3 guidance: revenue $122-132M; non-GAAP EPS $0.04-$0.10.
Cash $123.7M (+$5M sequentially); record services gross margin 74.6% (GAAP).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Arlo Technologies, Inc. reported the second quarter ended July 2, 2023 results: revenue $115.1 million, EPS $(0.08). Guidance initiated.

Period: the second quarter ended July 2, 2023
Revenue: $115.1 million
EPS: $(0.08)
Guidance: initiated
Result: reported results

Exact text from the filing

Exchange Act, unless expressly incorporated by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- NEWS RELEASE Arlo Reports Second Quarter 2023 Results Revenue of $115 million, at the top end of guidance range ARR ended at $194 million, growing 66% year over year Free cash flow (FCF) of $12 million with FCF margin of 10% (1) Service gross profit

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Source: SEC EDGAR

accession 0001736946-23-000033

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