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Dec 31, 2020
Arlo Q4 2020 Earnings Report
Arlo's Q4 2020 earnings exceeded EPS guidance, delivered highest gross margin in nine quarters, and achieved sixth consecutive quarterly record for service revenue growth.
Key Takeaways
Arlo Technologies reported Q4 2020 revenue of $114.8 million, a decrease of 6.2% year over year. The company's GAAP gross profit was $24.5 million, an increase of 79.0% year over year, and non-GAAP gross profit was $25.7 million, an increase of 73.0% year over year. Arlo closed out the year with an 89.1% year over year paid account growth and saw service gross margin improve 10 percentage points year over year.
Revenue grew 4.2% sequentially to $114.8 million.
Paid account growth increased 89.1% year over year.
Service gross margin improved 10 percentage points year over year.
Launched two new products in the fourth quarter.
Revenue by Geographic Location
Forward Guidance
Arlo expects revenue of $70.0 million to $80.0 million for Q1 2021. GAAP net loss per diluted share is expected to be $(0.35) to $(0.29), and non-GAAP net loss per diluted share of $(0.23) to $(0.17).
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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