Welcome to our dedicated page for Arlo Technologies news (Ticker: ARLO), a resource for investors and traders seeking the latest updates and insights on Arlo Technologies stock.
Arlo Technologies, Inc. (NYSE: ARLO) is a prominent player in the smart home security market, renowned for delivering innovative security and video monitoring solutions for both residential and commercial settings. The company's extensive range of products includes smart Wi-Fi and LTE-enabled cameras, video doorbells, floodlight cameras, and comprehensive home security systems. Arlo also offers a variety of subscription-based services such as Arlo Secure, Arlo Total Security, and Arlo Safe, all designed to enhance user experience and provide robust security solutions.
Headquartered in San Jose, California, Arlo generates the majority of its revenue from the United States, with additional contributions from markets in Spain, Ireland, and other regions. The company has established itself as a market leader in the smart home IoT category, leveraging deep expertise in product design, wireless connectivity, RF engineering, and cloud infrastructure to deliver a seamless smart home experience.
Recently, Arlo has been recognized as the No. 14 company on the 2024 Newsweek Excellence 1000 Index, marking its commitment to best practices in financial responsibility, stakeholder ratings, and social responsibility. This recognition underscores Arlo's dedication to innovation and its robust ecosystem of award-winning hardware, software, and services.
One of Arlo's notable achievements includes surpassing 3 million paid subscriptions for its AI-powered security services, reflecting the success of its AI and SaaS platform. The company continues to invest in cutting-edge AI capabilities to drive further subscription growth and maintain its leadership position in the market.
Arlo has also renewed its strategic partnership with Verisure, the leading provider of monitored security solutions in Europe. This partnership, extended until 2029, will see Arlo continue to supply Verisure with cloud platform services, AI-powered security services, and innovative products, supporting Verisure's mission to provide top-notch security solutions to its customers across Europe and Latin America.
Arlo's commitment to data privacy and protection is unwavering. The company adheres to industry standards for data protection, ensuring that user information remains private and secure. Arlo does not monetize personal data and provides users with enhanced controls over their data, reinforcing its dedication to user privacy.
Overall, Arlo Technologies, Inc. stands out as a trusted provider of smart security solutions, continually striving to enhance the safety and peace of mind of its users through innovative products and services.
Arlo Technologies announced the upcoming launch of its Go 2 LTE/Wi-Fi Security Camera at T-Mobile on May 19, 2022. Designed for remote monitoring of various locations, the camera offers versatile connectivity through 4G LTE and Wi-Fi. Available for $99 with a new qualifying line, its features include a 100% wire-free design, weather resistance, 1080p HD video, color night vision, and a built-in siren. A complimentary three-month trial of Arlo Secure is included, providing 30-day cloud recordings and emergency response services.
On April 25, 2022, Arlo Technologies (NYSE: ARLO) announced equity grants for five new employees under its 2018 Equity Incentive Plan. These grants included 104,221 restricted stock units (RSUs), vesting over four years contingent on continued employment. This move aims to attract talent as the company continues to innovate in smart home security. Arlo remains committed to user privacy and data protection while enhancing its product offerings.
Arlo Technologies, Inc. (NYSE: ARLO) has announced a conference call scheduled for May 10, 2022, at 5:00 p.m. ET to discuss its Q1 2022 results. The earnings release will be shared after market close on the same day. Investors can participate by dialing (888) 660-6387 (toll-free) or (929) 203-1909 (international), using conference ID 7749064. A live webcast will be available on Arlo's Investor Relations website, with a replay following the call.
Arlo Technologies, Inc. (NYSE: ARLO) announced that its CEO Matthew McRae and CFO Gordon Mattingly will present at two upcoming investor events. The first is the Raymond James Institutional Investors Conference on March 7, 2022, at 1:40 p.m. ET in Orlando, FL. The second is the JMP Securities Technology Conference on March 8, 2022, at 10:00 a.m. PT in San Francisco, CA. Both presentations will be available via webcast on Arlo's IR website, starting 10 minutes before each event.
Arlo Technologies reported strong financial results for Q4 and FY 2021, with revenue of $142.9 million, a 24.4% year-over-year increase. The company achieved non-GAAP operating profit of $3.5 million, marking its first such profit as a public entity. Annual Recurring Revenue (ARR) reached $90.1 million, growing 94% year over year. Despite a GAAP operating loss of $7.2 million, the company's service revenue rose to $103.5 million, a 43.2% increase. Looking ahead, Arlo anticipates Q1 2022 revenue between $110 million and $120 million.
Arlo Technologies, Inc. (NYSE: ARLO) will host a Virtual Investor Day on March 1, 2022, from 5:00 p.m. ET to 7:00 p.m. ET. The event will cover the Company’s fourth quarter and full year 2021 results, along with the outlook for 2022 and insights into its services business. A news release with the financial results will be issued after the market closes on the same day. The event will be available via a live webcast on Arlo’s Investor Relations website.
Arlo Technologies, Inc. (NYSE: ARLO) unveiled the Arlo Security System, a cutting-edge DIY security solution, at CES 2022. This system features a unique all-in-one multi-sensor capable of eight sensing functions, which outperforms traditional single-sensing devices. Recognized as a CES Innovation Award honoree, it integrates seamlessly with existing Arlo cameras and includes a modular hub with NFC technology, a siren, and an integrated keypad. With its focus on user-friendly security, this system aims to enhance home monitoring for users while addressing common market pain points.
Arlo Technologies (NYSE: ARLO) announces its support for Matter, a new connectivity standard aimed at improving interoperability among smart home devices. This partnership positions Arlo as a leader in the smart home security market, ensuring users can access Arlo features seamlessly across various third-party devices. The engagement with Matter highlights Arlo's commitment to innovation and cross-platform compatibility, aiming to provide intuitive and secure home security solutions. This strategic move reflects Arlo's ongoing dedication to enhancing the smart home experience for users.
Arlo Technologies, Inc. (NYSE: ARLO) will have its CEO, Matthew McRae, and CFO, Gordon Mattingly, present at the Raymond James 2021 Virtual Technology Investors Conference on December 6, 2021, at 11:30 a.m. ET. The presentation will also be available via webcast on Arlo's investor relations website. Arlo is recognized for its innovative security cameras and commitment to user privacy and data protection, focusing on delivering a smart home experience with various connected devices.
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