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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) will host a conference call on August 4, 2021, at 5:00 p.m. ET to discuss its second quarter 2021 results. The news release detailing these results will be released after the market closes on the same day. Investors can join the call using a toll-free number or via a live webcast on Arlo's Investor Relations website. Arlo is recognized for its innovative smart home security solutions, focused on delivering user-friendly products while also prioritizing user data privacy.
Arlo Technologies reported Q1 2021 revenue of $82.6 million, a 26.1% increase YoY. GAAP gross profit soared 552.8% to $25.8 million, with a gross margin of 31.3%. Non-GAAP loss per diluted share improved to $(0.03). Cash reserves stood at $177.1 million with no debt. The company added 114,000 paid accounts, marking a 356.0% YoY growth. The outlook for Q2 2021 estimates revenue between $80 million and $90 million, with a projected GAAP net loss per share of $(0.33) to $(0.26).
Arlo Technologies (NYSE: ARLO) will host a conference call on May 5, 2021, at 5:00 p.m. ET to discuss its Q1 2021 results. This call follows the release of the earnings announcement after market close on the same day. Investors can join the live audio call via a toll-free number or listen to a webcast available on Arlo’s Investor Relations site.
Arlo aims to enhance users' lifestyle with its smart home security solutions and emphasizes its commitment to data privacy.
Arlo Technologies has launched its new Essential Indoor Camera featuring an automated privacy shield for enhanced user control over monitoring. Retailing at $99.99, the camera provides 1080p HD video, a 130-degree field-of-view, and two-way audio capabilities. Users can manage recording settings via the Arlo app, ensuring privacy when needed. The product has received recognitions, including a 2021 CES Innovation Award. Additionally, a complimentary three-month trial of Arlo Smart service is included, offering extra features like rolling cloud storage and emergency service connectivity.
Arlo Technologies, a leader in internet-connected security cameras, announced that CEO Matthew McRae and CFO Gordon Mattingly will present at the Raymond James 42nd Annual Virtual Institutional Investors Conference.
Date: Monday, March 1, 2021
Time: 1:20 p.m. ET
The presentation will also be webcast on Arlo's IR website. Arlo is dedicated to providing smart home experiences through innovative security solutions while prioritizing user privacy and data protection.
Arlo Technologies (NYSE: ARLO) announced Q4 and full-year 2020 financial results, revealing a 6.2% drop in quarterly revenue to $114.8 million. While full-year revenue declined 3.5% to $357.2 million, gross profit rose significantly, with quarterly GAAP gross profit increasing 79% year over year. The company reported a quarterly net loss per diluted share of $(0.19). Notably, paid account growth surged 89.1% year over year, reflecting momentum in its subscription services. Arlo projects continued growth, aiming for one million paid accounts by the end of 2021.
Arlo Technologies, Inc. (NYSE: ARLO) will host a conference call on February 23, 2021, at 5:00 p.m. ET to discuss its fourth quarter and full year 2020 results. The financial results will be released after market close on the same day. Investors can join the call using the toll-free number (866) 393-4306 or the international number (734) 385-2616, using conference ID 8394616. A live webcast and a subsequent replay will be available on Arlo's Investor Relations website.
Arlo Technologies, Inc. (NYSE: ARLO) announced the launch of the Arlo Essential Video Doorbell Wire-Free, now available for an MSRP of $199.99. This new model features a 180-degree viewing angle, HD video resolution, and direct-to-mobile video calls, enhancing home security especially during the busy holiday season. It offers multiple powering options, including a rechargeable battery or hardwiring. The video doorbell also includes Arlo Smart, an AI-based subscription service that provides advanced notifications and emergency services access.