Arlo Technologies reported fourth-quarter revenue of $122.4 million, a 0.2% increase year-over-year, and GAAP net income per diluted share of $0.26. The company closed its strategic partnership with Verisure and launched the Arlo SmartCloud platform.
Fourth quarter revenue increased by 0.2% year over year.
GAAP net income per diluted share was $0.26 for the fourth quarter.
The company closed a strategic partnership with Verisure.
Arlo launched Arlo SmartCloud, a SaaS version of their Arlo Smart service platform.
Arlo expects Q1 2020 revenue to be between $60.0 million and $70.0 million, GAAP gross margin between 6.1% and 9.4%, and GAAP net loss per diluted share of $(0.44) to $(0.47).
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