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, Inc. (NYSE: ARLO) announced a significant milestone, surpassing 1 million paid accounts for its AI-powered subscription service. This growth, which nearly doubled since March 2021, showcases the company’s innovation in smart home security and customer-centric solutions. New features, including 24/7 Emergency Response and advanced AI detection, enhance user experience. Arlo Secure plans start at $9.99 per month, offering unlimited device support. The brand’s commitment to security and privacy is reflected in its ongoing product development and customer service enhancements.
Arlo Technologies, Inc. (NYSE: ARLO) announced equity grants to new employees under its 2018 Equity Incentive Plan on November 15, 2021. The Compensation Committee granted restricted stock units (RSUs) covering 1,002,111 shares, aiming to attract new talent. Of these, 935,000 shares will vest annually over five years, contingent on employee service. Arlo is committed to privacy and security, emphasizing control over personal data. The company continues to innovate in smart home security, delivering award-winning products that enhance user experience.
Arlo Technologies (NYSE: ARLO) reported Q3 2021 results exceeding revenue and non-GAAP EPS guidance. Revenue reached $111.1 million, a 0.8% increase year over year, while service revenue soared to $27.0 million, growing 42% year over year. The company announced an Annual Recurring Revenue (ARR) of $80 million, representing a 103% increase. Cash and equivalents totaled $166.1 million, with no debt. Arlo added 182,000 paid accounts in Q3, a 214% increase year over year, and forecasts Q4 revenue between $130 million to $140 million.
Arlo Technologies announces the launch of the Arlo Go 2 LTE/Wi-Fi Security Camera, designed for secure monitoring in areas lacking reliable Wi-Fi. Priced at $249.99, this device offers 4G LTE connectivity, a wire-free design, and 1080p HD video with color night vision. It features two-way audio, a built-in siren, and GPS positioning for theft recovery. Users can utilize a three-month trial of Arlo Secure for enhanced security features. Currently available via Verizon, additional carriers will be added next year.
Arlo Technologies, Inc. (NYSE: ARLO) will hold a conference call on November 9, 2021 at 5:00 p.m. ET to discuss its third quarter 2021 results. The results will be released after the market closes on the same day. Investors can join the call using a toll-free number, and a live webcast will be available on the company's Investor Relations website. Arlo emphasizes a commitment to user privacy and security while providing innovative smart home solutions.
Arlo Technologies, Inc. (NYSE: ARLO) announced significant compatibility enhancements with major smart home platforms including Amazon Alexa, Apple HomeKit, Google Home Assistant, IFTTT, and Samsung SmartThings. These upgrades enhance user experience, allowing seamless voice command functionalities, motion notifications, and live video feeds across various smart devices. Arlo's commitment to innovation provides users flexibility in managing home security regardless of their preferred smart home ecosystem, ensuring an integrated security solution.
Arlo Technologies (NYSE: ARLO) announced an expanded availability of its products through a strategic partnership with Calix (NYSE: CALX). This collaboration allows millions of U.S. subscribers to access Arlo's advanced security solutions via over 1,600 Broadband Service Providers (BSP). With DIY security systems growing to 55% of the market, this partnership aims to increase accessibility for consumers, especially in non-metropolitan areas. The integration enables BSPs to offer Arlo's products as managed services, enhancing their service offerings and potential revenue.
Arlo Technologies, Inc. (NYSE: ARLO) announced the appointment of Catriona Fallon to its Board of Directors and as Chair of the Audit Committee, filling a vacant seat and expanding the board to seven members. CEO Matthew McRae emphasized her financial and technology expertise as a significant asset as Arlo continues to innovate in home security. Fallon, current CFO at Aktana, has held similar roles in several tech firms and brings a wealth of experience to Arlo, aiming to enhance product offerings while maintaining user privacy.
Arlo Technologies, Inc. (NYSE: ARLO) reported Q2 2021 results with a revenue of $98.6 million, up 47.9% year-over-year, and a GAAP gross profit of $26.2 million, an increase of 376.8%. The non-GAAP gross margin stood at 27.9%. Despite a GAAP net loss per diluted share of $(0.28), service revenue hit a record $25.3 million, up 48.3% year-over-year. The company expects Q3 revenue between $100.0 million and $110.0 million. A non-cash impairment charge of $9.1 million was recorded due to office subleasing.
Arlo Technologies, Inc. (NYSE: ARLO) has launched AI-based subscription services, Arlo Secure and Secure Plus, offering unlimited device support, advanced AI object detection, and a new Emergency Response feature. Customers can call for help with one touch, expediting emergency responses. The Secure plan starts at $9.99 per month, while Secure Plus is priced at $14.99 per month, featuring enhanced video quality and emergency services. A three-month free trial is available with hardware purchases starting July 21, 2021.
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