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Jun 27, 2021
Arlo Q2 2021 Earnings Report
Reported second quarter 2021 results, exceeding revenue and non-GAAP EPS guidance, with significant year-over-year growth in service, product, and total revenue, alongside a substantial increase in total paid accounts.
Key Takeaways
Arlo Technologies reported strong second-quarter results, exceeding expectations for both revenue and non-GAAP EPS. The company saw significant growth in service revenue, product revenue, and total revenue, driven by the success of its new services business model and refreshed product lineup. Arlo added a record number of paid accounts and surpassed 700,000 total paid accounts.
Revenue reached $98.6 million, a 47.9% increase year-over-year.
GAAP gross profit was $26.2 million, up 376.8% year-over-year.
Added a record 146,000 paid accounts in Q2, representing a 239.5% year-over-year increase.
Service revenue was $25.3 million, a 48.3% increase year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Arlo anticipates revenue between $100.0 million and $110.0 million. GAAP net loss per diluted share is expected to be between $(0.30) and $(0.23), while non-GAAP net loss per diluted share is projected to be between $(0.19) and $(0.12).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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