Arlo Technologies, Inc. - ARLO STOCK NEWS

Shapeways Holdings, Inc. (NYSE: SHPW) has appointed Christine Gorjanc to its Board of Directors, effective April 3, 2023. Gorjanc, a former Chief Financial Officer of NETGEAR, brings extensive financial expertise and experience in scaling technology companies. CEO Greg Kress expressed enthusiasm for Gorjanc's contributions in advancing Shapeways' growth initiatives within the digital manufacturing sector. Gorjanc will also serve on the Board's Audit Committee, where her qualifications as an Audit Committee Financial Expert will be utilized. Shapeways specializes in digital manufacturing, providing various solutions and enabling broad market adoption of additive manufacturing.

Arlo Technologies (NYSE: ARLO) announced a significant milestone, surpassing 2 million paid subscribers as of March 16, 2023. This achievement reflects the company's ongoing commitment to innovation and user experience. In Q4 2022, Arlo added 189,000 paid accounts, with continued growth into Q1 2023. The company plans to introduce new products, including the Arlo Home Security System and Arlo Safe, to enhance subscriber acquisition. Arlo Secure subscriptions start at $12.99 per month, offering features like 24/7 Emergency Response and 4K Cloud-based Video Recording.

Arlo Technologies reported its financial results for the full year and fourth quarter ended December 31, 2022. The company achieved a total revenue of $490 million, marking a 13% year-over-year growth. Service revenue reached $136 million, growing 32%. Q4 revenue was $118.5 million, a decrease of 17% year-over-year. Notably, Q4 service revenue hit a record $38.3 million, growing 34.6%. The annual recurring revenue (ARR) at the end of Q4 was $137.8 million, up 52.9% year-over-year. Despite a net loss per share of $(0.25) for Q4, the company aims for profitability in 2023.

Arlo Technologies, Inc. (NYSE: ARLO) has announced a partnership with Citizens Pay to offer bundled hardware and service for DIY home security at a low monthly price, eliminating upfront costs. The Arlo Total Security plan includes 0% APR financing and a user-friendly point-of-sale experience. This initiative aims to make advanced security solutions accessible to more consumers, addressing the needs of over 20 million households currently paying high rates for outdated systems. Details on pricing and plans will be released later this year.

Arlo Technologies, Inc. (NYSE: ARLO) announced on January 30, 2023, the grant of restricted stock units (RSUs) to five new non-executive employees as part of its 2018 Equity Incentive Plan. The RSUs, totaling 27,014 shares, are designed to entice new talent and will vest annually in four equal installments, contingent on continued employment. This move aligns with NYSE Rule 303A.08, aiming to enhance employee retention and support company growth amidst Arlo's commitment to user privacy and smart home security solutions.

Arlo Technologies, Inc. (NYSE: ARLO) announced a conference call scheduled for March 7, 2023, at 5:00 p.m. ET to discuss its fourth quarter and full-year 2022 results. The results will be released after market close on the same day. Interested parties can join the call via toll-free number (888) 660-6387 or through a live webcast available on Arlo's Investor Relations website. Arlo emphasizes its commitment to user privacy and data protection, ensuring that personal data is not monetized and remains secure, aligning with its mission to enhance smart home security.

Arlo Technologies, Inc. (NYSE: ARLO) is set to present at the Raymond James 2022 Technology Investors Conference in New York on December 6, 2022, at 10:55 a.m. ET. The presentation will feature CEO Matthew McRae and CFO Kurt Binder, and will also be available via webcast on Arlo's investor relations website. The company is known for its innovative smart home security products and prioritizes user privacy and data protection. Arlo's comprehensive suite of products includes security cameras, doorbells, and AI-based subscription services.

Arlo Technologies (NYSE: ARLO) reported Q3 2022 revenue of $128.2 million, up 15.3% YoY, with annual recurring revenue (ARR) reaching $125.4 million, growing 56% YoY. The company saw significant growth in cumulative paid accounts, increasing 91% YoY to 1.7 million. Q3 service revenue hit a record $35.4 million, a growth of 31.3% YoY. Despite these gains, Arlo reported a GAAP net loss of $(0.16) per diluted share. Looking forward, the company is focused on strategic partnerships and expanding its product offerings.

Arlo Technologies, Inc. has unveiled the Pro 5S 2K Security Camera, featuring tri-band connectivity and enhanced battery life. Priced at $249.99, this camera integrates with the redesigned Arlo Secure App, providing vital tools like Emergency Response. The Pro 5S boasts features such as dual-band Wi-Fi support, SecureLink connection for uninterrupted service during outages, and improved 2K video quality. The camera enhances user experience with increased battery longevity, color night vision, and compatibility with smart home devices. Pre-orders are available through Arlo.com and Best Buy.