Arlo Q2 revenue $127.4M (+10.8% YoY); service revenue record $60.3M; non-GAAP EPS $0.10

Arlo Technologies, Inc.

2024-Q2 EPS reported -$0.22 revenue$251,647,000

Q2 total revenue $127.4M, up 10.8% YoY; service revenue record $60.3M, up 19.7% YoY.
GAAP net loss per share $(0.12); non-GAAP net income per share $0.10 (Q2), $0.19 (H1 2024), up from $0.07 in H1 2023.
Annual Recurring Revenue (ARR) $235.0M, up 21.4% YoY; cumulative paid accounts 3.98M, growing 73.9% YoY; surpassed 4M subscribers in July.
Free cash flow $25.6M in H1 2024, with FCF margin 10.2%; total cash & investments $144.0M, up $20.3M YoY.
Q3 guidance: revenue $132-$142M; non-GAAP EPS $0.08-$0.14; GAAP net loss per share ($0.07)-($0.01).

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