Arlo Technologies Inc - Understand $arlo stock

$ARLO Market Cap: $1.164 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$496.7M

TTM

Gross Margin

36.12%

TTM

Net Earnings

-$29.69M

TTM

Current Assets

$263.2M

Q2 2024

Current Liabilities

$177.6M

Q2 2024

Current Ratio

148.2%

Q2 2024

Total Assets

$295.8M

Q2 2024

Total Liabilities

$196.5M

Q2 2024

Book Value

$99.27M

Q2 2024

Cash

$62.93M

Q2 2024

P/E

-39.22

Sep 19, 2024 EST

Free Cash Flow

$44.13M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$491.2M	$490.4M	$435.1M	$357.2M	$370.0M	$464.9M	$370.7M	$184.6M
YoY Change	0.16%	12.7%	21.83%	-3.47%	-20.41%	25.43%	100.79%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$491.2M	$490.4M	$435.1M	$357.2M	$370.0M	$464.9M	$370.7M	$184.6M
Cost Of Revenue	$323.6M	$354.4M	$327.1M	$301.8M	$334.2M	$372.8M	$279.4M	$146.6M
Gross Profit	$167.6M	$136.0M	$108.0M	$55.39M	$35.80M	$92.08M	$91.23M	$38.03M
Gross Profit Margin	34.11%	27.74%	24.83%	15.51%	9.68%	19.8%	24.61%	20.6%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$122.5M	$126.0M	$98.40M	$100.2M	$104.6M	$80.80M	$49.44M	$26.74M
YoY Change	-2.78%	28.06%	-1.76%	-4.25%	29.46%	63.45%	84.85%
% of Gross Profit	73.11%	92.63%	91.08%	180.83%	292.17%	87.76%	54.19%	70.32%
Research & Development	$68.65M	$64.71M	$59.06M	$60.14M	$69.38M	$58.79M	$34.68M	$24.44M
YoY Change	6.09%	9.56%	-1.79%	-13.33%	18.01%	69.52%	41.92%
% of Gross Profit	40.97%	47.57%	54.67%	108.57%	193.79%	63.85%	38.02%	64.25%
Depreciation & Amortization	$4.661M	$4.768M	$5.975M	$10.21M	$10.68M	$5.307M	$3.740M	$2.128M
YoY Change	-2.24%	-20.2%	-41.46%	-4.45%	101.26%	41.9%	75.75%
% of Gross Profit	2.78%	3.5%	5.53%	18.43%	29.83%	5.76%	4.1%	5.59%
Operating Expenses	$192.5M	$192.9M	$168.2M	$160.3M	$121.0M	$166.8M	$85.50M	$51.18M
YoY Change	-0.23%	14.71%	4.94%	32.41%	-27.46%	95.14%	67.06%
Operating Profit	-$24.90M	-$56.88M	-$60.14M	-$104.9M	-$85.22M	-$74.77M	$5.731M	-$13.15M
YoY Change	-56.22%	-5.42%	-42.65%	23.05%	13.97%	-1404.71%	-143.59%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$3.935M	$926.0K	$11.00K	$800.0K	$2.700M	$1.200M
YoY Change	324.95%	8318.18%	-98.63%	-70.37%	125.0%
% of Operating Profit
Other Income/Expense, Net	$107.0K	$302.0K	$4.775M	$3.436M	$913.0K	-$1.177M	$1.946M	-$512.0K
YoY Change	-64.57%	-93.68%	38.97%	276.34%	-177.57%	-160.48%	-480.08%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	-$20.86M	-$55.65M	-$55.35M	-$100.6M	-$81.57M	-$79.58M	$3.318M	-$15.43M
YoY Change	-62.51%	0.54%	-44.99%	23.36%	2.5%	-2498.46%	-121.5%
Income Tax	$1.175M	$975.0K	$677.0K	$625.0K	$4.380M	$772.0K	$1.128M	$83.00K
% Of Pretax Income							34.0%
Net Earnings	-$22.04M	-$56.63M	-$56.03M	-$101.3M	-$85.95M	-$75.48M	$6.549M	-$13.74M
YoY Change	-61.09%	1.07%	-44.66%	17.8%	13.87%	-1252.59%	-147.65%
Net Earnings / Revenue	-4.49%	-11.55%	-12.88%	-28.35%	-23.23%	-16.24%	1.77%	-7.44%
Basic Earnings Per Share	-$0.24	-$0.65	-$0.68	-$1.30	-$1.14	-$1.12	$0.11	-$0.22
Diluted Earnings Per Share	-$0.24	-$0.65	-$0.68	-$1.30	-$1.14	-$1.12	$0.11	-$0.22

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$136.5M	$113.7M	$175.7M	$206.1M	$256.7M	$201.0M	$100.0K	$200.0K
YoY Change	20.02%	-35.29%	-14.73%	-19.71%	27.71%	200900.0%	-50.0%
Cash & Equivalents	$56.52M	$84.02M	$175.7M	$186.1M	$236.7M	$151.3M	$100.0K	$200.0K
Short-Term Investments	$79.97M	$29.70M	$0.00	$20.00M	$20.00M	$49.70M
Other Short-Term Assets	$10.27M	$6.544M	$9.919M	$8.100M	$16.90M	$11.40M	$3.000M	$3.400M
YoY Change	56.95%	-34.03%	22.46%	-52.07%	48.25%	280.0%	-11.76%
Inventory	$38.41M	$46.55M	$38.39M	$64.70M	$68.60M	$124.8M	$83.00M	$47.70M
Prepaid Expenses
Receivables	$65.36M	$65.96M	$79.56M	$77.60M	$127.3M	$166.0M	$157.7M	$81.80M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$12.20M	$0.00	$0.00
Total Short-Term Assets	$250.5M	$232.8M	$303.6M	$356.5M	$469.6M	$515.5M	$243.8M	$133.2M
YoY Change	7.63%	-23.33%	-14.83%	-24.08%	-8.9%	111.44%	83.03%
Property, Plant & Equipment	$16.21M	$20.15M	$24.41M	$39.80M	$52.70M	$49.40M	$3.900M	$2.000M
YoY Change	-19.53%	-17.47%	-38.67%	-24.48%	6.68%	1166.67%	95.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$7.754M	$8.236M	$8.421M	$6.600M	$8.100M	$12.60M	$2.200M	$1.400M
YoY Change	-5.85%	-2.2%	27.59%	-18.52%	-35.71%	472.73%	57.14%
Total Long-Term Assets	$35.00M	$39.42M	$43.87M	$57.50M	$73.10M	$80.40M	$26.00M	$25.40M
YoY Change	-11.2%	-10.14%	-23.71%	-21.34%	-9.08%	209.23%	2.36%
Total Assets	$285.5M	$272.2M	$347.5M	$414.0M	$542.7M	$595.9M	$269.8M	$158.6M
YoY Change
Accounts Payable	$55.20M	$52.13M	$84.10M	$62.20M	$111.7M	$82.50M	$20.70M	$21.10M
YoY Change	5.89%	-38.01%	35.21%	-44.32%	35.39%	298.55%	-1.9%
Accrued Expenses	$88.21M	$98.86M	$97.38M	$121.8M	$127.4M	$172.0M	$76.10M	$40.70M
YoY Change	-10.77%	1.52%	-20.05%	-4.4%	-25.93%	126.02%	86.98%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due					$0.00
YoY Change
Total Short-Term Liabilities	$161.5M	$162.3M	$210.9M	$237.3M	$293.9M	$282.0M	$130.9M	$78.20M
YoY Change	-0.51%	-23.07%	-11.11%	-19.26%	4.22%	115.43%	67.39%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$20.00M	$0.00	$0.00
YoY Change					-100.0%
Other Long-Term Liabilities	$20.81M	$22.23M	$23.91M	$42.90M	$45.40M	$24.50M	$13.50M	$7.200M
YoY Change	-6.37%	-7.03%	-44.27%	-5.51%	85.31%	81.48%	87.5%
Total Long-Term Liabilities	$20.81M	$22.23M	$23.91M	$42.90M	$45.40M	$44.50M	$13.50M	$7.200M
YoY Change	-6.37%	-7.03%	-44.27%	-5.51%	2.02%	229.63%	87.5%
Total Liabilities	$182.3M	$184.5M	$234.8M	$280.2M	$339.3M	$326.4M	$144.4M	$85.40M
YoY Change	-1.22%	-21.43%	-16.19%	-17.42%	3.95%	126.04%	69.09%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Basic Shares Outstanding	92.75M shares	87.17M shares	82.69M shares	78.08M shares	75.07M shares	67.23M shares	62.25M shares	62.25M shares
Diluted Shares Outstanding	92.75M shares	87.17M shares	82.69M shares	78.08M shares	75.07M shares	67.23M shares	62.25M shares	62.25M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $1.1643 Billion

About Arlo Technologies Inc

Arlo Technologies, Inc. engages in the provision and development of cloud services artificial intelligence, computer vision analytics, wireless connectivity, and user experience design, and home security. The company is headquartered in Carlsbad, California and currently employs 363 full-time employees. The company went IPO on 2018-08-03. Its expertise in cloud services, cutting-edge artificial intelligence (AI) and computer vision analytics, wireless connectivity and intuitive user experience design delivers seamless, smart home security for its users. Its cloud-based platform provides users with visibility, insight and a powerful means to help protect and connect in real-time with the people and things that matter, from any location with a wireless fidelity or a cellular connection. Its products include Arlo Essential Cameras and Doorbells; Arlo Home Security System; Arlo Pro 5S; Arlo Go 2; Arlo Ultra 2; Arlo Floodlight Camera, and others. Its services, such as Arlo Secure, Arlo Total Security, Arlo Safe, and other services.

Industry: Household Audio & Video Equipment Peers: 908 Devices Inc. Aeva Technologies Inc Cepton Inc Evolv Technologies Holdings Inc SmartRent Inc FOCUS UNIVERSAL INC. Identiv Inc Keysight Technologies Inc nLIGHT Inc Vishay Precision Group Inc