Arlo Technologies, Inc. (ARLO) Tops Q1 EPS by 8c, Offers Guidance

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Go back to Arlo Technologies, Inc. (ARLO) Tops Q1 EPS by 8c, Offers Guidance

Arlo Reports First Quarter 2023 Results

May 11, 2023 4:05 PM EDT

Revenue of $111 million, above the high end of guidance range
Free cash flow (FCF) of $9 million with FCF margin of 8% (1)
Service revenue of $44 million, growing 47% year over year
Service gross margin of 73%
ARR ended at $183 million, growing 80% year over year
2 million in Cumulative Paid Accounts, growing 61% year over year

CARLSBAD, Calif.--(BUSINESS WIRE)-- Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today... More