Arlo Technologies, Inc. (NYSE: ARLO) reported Q4 EPS of ($0.26), $0.05 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $122.4 million versus the consensus estimate of $121.02 million.

"Arlo finished 2019 with strong execution in the market, meeting or beating our guidance, while delivering on our strategic and operational initiatives to position us to make greater strides in 2020. We closed on our strategic partnership with Verisure, securing future revenue growth and channel expansion opportunities while improving our liquidity and our path to profitability,” said Matthew McRae, Chief Executive Officer of Arlo Technologies. “While the Pro 3 and video doorbell hit retailers in Q4 to instant acclaim, we continued our innovation and expanded our leading product portfolio with the addition of the Floodlight Camera, the first wire-free integrated floodlight camera in the market, and launched Arlo SmartCloud, a SaaS version of our Arlo Smart service platform. Combined with our restructuring plan to drive efficiencies, we have positioned Arlo well for 2020 with greatly improved liquidity and a slate of award winning, best-in-class products.”

GUIDANCE:

Arlo Technologies, Inc. sees Q1 2020 EPS of ($0.44)-($0.47), versus the consensus of ($0.29). Arlo Technologies, Inc. sees Q1 2020 revenue of $60-70 million, versus the consensus of $74.11 million.

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