Arlo Technologies, Inc. (ARLO) Tops Q3 EPS by 1c, Beats on Revenue; Offers Q4 EPS Guidance

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Go back to Arlo Technologies, Inc. (ARLO) Tops Q3 EPS by 1c, Beats on Revenue; Offers Q4 EPS Guidance

Arlo Reports Third Quarter 2024 Results

November 7, 2024 4:05 PM EST

Record service revenue of $61.9 million, growing 21.2% year over year

GAAP service gross margin of 76.7%; non-GAAP service gross margin of 77.4%

GAAP net loss per share of $(0.04); non-GAAP net income per share of $0.11

Annual recurring revenue (ARR) ended at $241.6 million, growing 20.8% year over year (1)

Free cash flow (FCF) of $17.4 million with FCF margin of 12.6%(2)

CARLSBAD, Calif.--(BUSINESS WIRE)-- Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security company, today reported financial results for the... More