earnings
confidence high
sentiment positive
materiality 0.75
Arlo Q3: Record service revenue $61.9M (+21% YoY); non-GAAP EPS $0.11, FCF $17.4M
Arlo Technologies, Inc.
2024-Q3 EPS reported
-$0.26
revenue$389,314,000
- Record service revenue $61.9M, up 21.2% YoY; ARR $241.6M, up 20.8% YoY.
- GAAP net loss per share $(0.04); non-GAAP net income per share $0.11.
- Free cash flow $17.4M (12.6% margin); cash & investments $146.6M, up $20.5M YoY.
- Cumulative paid accounts 4.24M, up 70.4% YoY.
- Q4 revenue guidance $116-126M; non-GAAP EPS guidance $0.07-0.13.