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Apr 03, 2022
Arlo Q1 2022 Earnings Report
Reported first quarter results with revenue growth exceeding guidance and ARR surpassing $100 million.
Key Takeaways
Arlo Technologies reported strong Q1 2022 results, with revenue reaching $124.8 million, a 51.1% year-over-year increase. The company's ARR surpassed $100 million, growing 74% year-over-year, and it achieved record non-GAAP gross profit and its second consecutive quarter of non-GAAP operating profitability.
Revenue of $124.8 million, up 51.1% year-over-year.
ARR exceeded $100 million, reaching $101.3 million with 74.0% year-over-year growth.
GAAP operating loss of $8.7 million, decreased by $2.8 million year over year; non-GAAP operating profit of $1.0 million, increased by $4.1 million year over year.
Added a record 205,000 paid accounts in Q1, up 79.8% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Arlo expects revenue between $105.0 million and $115.0 million and GAAP net loss per diluted share between $(0.19) and $(0.14) for Q2 2022.
Challenges Ahead
- Revenue of $105.0 million to $115.0 million.
- GAAP net loss per diluted share of $(0.19) to $(0.14).
- Non-GAAP net loss per diluted share of $(0.08) to $(0.03).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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