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Oct 03, 2021
Arlo Q3 2021 Earnings Report
Reported revenue of $111.1 million, an increase of 0.8% year over year, and non-GAAP EPS both came in above the high end of guidance range.
Key Takeaways
Arlo Technologies, Inc. reported financial results for the third quarter ended October 3, 2021. Revenue reached $111.1 million, a 0.8% increase year over year. The company added a record 182,000 paid accounts, a 214% year over year increase, surpassing 900,000 total paid accounts. Service revenue was a record $27.0 million, up 42% year over year, with a non-GAAP service gross margin of 59.5%.
Revenue of $111.1 million, an increase of 0.8% year over year.
GAAP gross profit of $24.3 million, an increase of 13.7% year over year; non-GAAP gross profit of $25.1 million, an increase of 10.7% year over year.
Service revenue of $27.0 million for Q3, for growth of 42.4% year over year.
Added a record 182,000 paid accounts in Q3, a year over year increase of 213.8%.
Revenue by Geographic Location
Forward Guidance
Arlo provided guidance for Q4 2021, including revenue between $130.0 million and $140.0 million, GAAP net loss per diluted share between $(0.16) and $(0.09), and non-GAAP net loss per diluted share between $(0.07) and $0.00.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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