Arlo reports Q4 GAAP EPS $0.01, non-GAAP EPS $0.11; record service revenue $55.9M

Arlo Technologies, Inc.

2023-FY EPS reported -$0.24 revenue$491,176,000

Q4 total revenue $135.1M (+14% YoY); service revenue $55.9M (record, +45.9% YoY).
GAAP net earnings per diluted share $0.01 (first GAAP profit); non-GAAP EPS $0.11 (record).
Full year service revenue $201.2M (+47.4% YoY); ARR $210.1M (+52.5% YoY).
Free cash flow $35.5M for FY2023 with FCF margin 7.2%.
Q1 2024 outlook: revenue $117-127M, non-GAAP EPS $0.05-$0.11.

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 financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 29, 2024, Arlo Technologies, Inc. issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001736946-24-000010

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