Arlo Technologies - ARLO STOCK NEWS

Arlo Technologies has entered into a strategic partnership with Allstate to enhance home security solutions. This collaboration will see Arlo offering Allstate Protection Plans to its customers, extending product protection to three years for purchases made on Arlo's website. Arlo's CEO, Matthew McRae, emphasized the shared mission of both companies to provide peace of mind through innovative security offerings. Allstate Protection Plans will cover Arlo's range of security products, including cameras, video doorbells, and home security systems. Further details of the partnership will be revealed later this year.

Arlo Technologies, Inc. reported strong financial results for Q1 2024, with record service revenue of $56.7 million, ARR reaching $227.0 million, and FCF of $19.5 million. GAAP net loss per share was $(0.10), while non-GAAP EPS was $0.09. The company extended its Verisure partnership till 2029. Q1 total revenue was $124.2 million, up 11.9% YoY. Arlo aims for 10 million paid accounts, $700 million ARR, and 25% non-GAAP operating margins.

Arlo Technologies, Inc. (NYSE: ARLO) renewed its strategic partnership with Verisure, a leading provider of security solutions in Europe, until 2029. Arlo will supply cloud platform services, AI solutions, and innovative products to support Verisure's retail and direct security channels with over 5M customers in Europe and Latin America. The partnership aims to deliver top-notch security solutions to customers across Europe.

Arlo Technologies, Inc. (NYSE: ARLO) has been honored with a Gold Stevie® Award in the Innovation of the Year - Consumer Products Industries category at The 22nd Annual American Business Awards®. Arlo stood out for its exceptional business achievements in 2023, surpassing 2 million paid subscribers, launching new products, and earning numerous awards and accolades.

Arlo Technologies, Inc. announced equity grants to new employees under its 2018 Equity Incentive Plan in accordance with NYSE Rule 303A.08. The grants include restricted stock units (RSUs) and performance-vesting RSUs (PSUs) for sixteen non-executive employees, totaling 591,439 shares of common stock. RSUs vest annually in four or five years, while PSUs vest based on achieving incremental paid subscribers. The grants are subject to continued employment.

Arlo Technologies, Inc. (NYSE: ARLO) has scheduled a conference call on May 9, 2024, to discuss its first quarter 2024 results. The call will be held at 5:00 p.m. ET (2:00 p.m. PT) with a news release following after the market closes. Investors and analysts can join the call using the provided toll-free and international dial-in numbers, along with a live webcast and replay available on Arlo's Investor Relations website.

Arlo Technologies, Inc. (ARLO) reports record service revenue of $55.9 million, growing 45.9% year over year. Annual recurring revenue (ARR) reaches $210.1 million, up 52.5%. Full-year service revenue hits $201.2 million, increasing by 47.4%. GAAP net earnings per diluted share at $0.01 and non-GAAP EPS at $0.11 in Q4. Arlo's CEO, Matthew McRae, highlights strong financial performance with the largest product launch and first-ever GAAP profit. The company exceeds 3 million subscribers milestone earlier than expected, positioning well for 2024 success.

Arlo Technologies, Inc. appoints Samir Kapoor as Chief Technology Officer and Kurt Binder as Chief Operating Officer to drive growth and operational excellence. Kapoor brings extensive R&D experience from companies like Fitbit and Life360, enhancing Arlo's services-first strategy. Binder, Arlo's current CFO, will focus on scaling operational efficiency and customer-centric initiatives.

Arlo Technologies, Inc. announces surpassing 3 million paid accounts for its AI-powered subscription service, showcasing ongoing innovation success. Arlo offers various subscription plans starting at $12.99 per month, including features like 24/7 Emergency Response, Professional Monitoring, Family Safety, Crash Detection, 4K Cloud-based Video Recording, Advanced Object Detection with AI, Smart Activity Zones, and Priority Care & Support.