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Mar 29, 2020
Arlo Q1 2020 Earnings Report
Arlo's Q1 2020 results were reported, revealing a revenue increase and significant paid account growth.
Key Takeaways
Arlo Technologies reported a 13.1% year-over-year increase in revenue, reaching $65.5 million. The company experienced significant growth in paid subscribers and service revenue, reflecting a shift towards a new business model. However, GAAP net loss per diluted share was $(0.51), and non-GAAP net loss per diluted share was $(0.34).
Revenue increased by 13.1% year over year, reaching $65.5 million.
Service revenue grew by 30.7% year over year, totaling $14.7 million.
Paid accounts increased by 57.4% year over year.
A record 25,000 paid subscribers were added during the quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Arlo expects revenue between $50.0 million and $60.0 million for the second quarter of 2020. GAAP net loss per diluted share is expected to be between $(0.53) and $(0.46), while non-GAAP net loss per diluted share is expected to be between $(0.46) and $(0.39). Full year guidance was withdrawn due to COVID-19.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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