Arlo Technologies, Inc. (NYSE: ARLO) reported Q1 EPS of ($0.47), $0.03 better than the analyst estimate of ($0.50). Revenue for the quarter came in at $57.9 million versus the consensus estimate of $50.4 million.

“I am proud that our team achieved our operational and financial objectives while continuing our innovation momentum. In Q1, we exceeded guidance for all metrics, delivered 89% paid subscriber growth year over year, and maintained our market leadership position. Importantly, we have made strong progress with our channel and continue to expect an upward trajectory in our revenue through the rest of the year,” said Matthew McRae, Chief Executive Officer of Arlo Technologies. “In March, Arlo completed the worldwide launch of Ultra, our newest flagship camera, and it has been receiving excellent reviews since. We continue to innovate to expand our addressable market and announced a video integrated doorbell that will add to our already strong slate of upcoming new product releases. While Arlo is committed to delivering the innovation that has been our hallmark, in 2019 and beyond we are committed to driving efficient and vigilant execution to improve our path to profitability.”

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