2021 Q1 Form 10-Q Financial Statement

#000173694621000018 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $82.56M $65.45M
YoY Change 26.14% 13.08%
Cost Of Revenue $56.75M $61.50M
YoY Change -7.72% 9.94%
Gross Profit $25.81M $3.953M
YoY Change 552.85% 103.24%
Gross Profit Margin 31.26% 6.04%
Selling, General & Admin $22.43M $29.82M
YoY Change -24.77% 20.46%
% of Gross Profit 86.93% 754.41%
Research & Development $14.79M $15.24M
YoY Change -2.97% -16.07%
% of Gross Profit 57.31% 385.61%
Depreciation & Amortization $1.547M $2.773M
YoY Change -44.21% 16.76%
% of Gross Profit 5.99% 70.15%
Operating Expenses $37.28M $44.85M
YoY Change -16.88% 2.35%
Operating Profit -$11.47M -$40.90M
YoY Change -71.95% -2.34%
Interest Expense $0.00 $500.0K
YoY Change -100.0% -44.44%
% of Operating Profit
Other Income/Expense, Net $909.0K $1.183M
YoY Change -23.16% -2617.02%
Pretax Income -$10.54M -$39.18M
YoY Change -73.1% -4.59%
Income Tax $200.0K $100.0K
% Of Pretax Income
Net Earnings -$10.72M -$39.33M
YoY Change -72.74% -4.74%
Net Earnings / Revenue -12.98% -60.09%
Basic Earnings Per Share -$0.13 -$0.51
Diluted Earnings Per Share -$0.13 -$0.51
COMMON SHARES
Basic Shares Outstanding 80.37M shares 76.56M shares
Diluted Shares Outstanding 80.37M shares 76.56M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $177.1M $206.6M
YoY Change -14.28% 14.52%
Cash & Equivalents $172.1M $176.4M
Short-Term Investments $5.000M $30.20M
Other Short-Term Assets $7.700M $12.60M
YoY Change -38.89% 13.51%
Inventory $55.97M $61.03M
Prepaid Expenses
Receivables $51.12M $61.38M
Other Receivables $0.00 $0.00
Total Short-Term Assets $291.9M $341.6M
YoY Change -14.53% -13.4%
LONG-TERM ASSETS
Property, Plant & Equipment $14.60M $19.28M
YoY Change -24.31% -33.48%
Goodwill $11.00M $11.00M
YoY Change 0.0% -29.66%
Intangibles $950.0K
YoY Change -61.1%
Long-Term Investments
YoY Change
Other Assets $2.536M $3.049M
YoY Change -16.83% -60.52%
Total Long-Term Assets $55.28M $68.62M
YoY Change -19.44% -20.17%
TOTAL ASSETS
Total Short-Term Assets $291.9M $341.6M
Total Long-Term Assets $55.28M $68.62M
Total Assets $347.2M $410.2M
YoY Change -15.35% -14.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.05M $39.10M
YoY Change -30.81% -28.92%
Accrued Expenses $97.15M $100.4M
YoY Change -3.28% -15.63%
Deferred Revenue $55.00M $46.88M
YoY Change 17.33% 80.56%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $179.4M $190.5M
YoY Change -5.83% -5.28%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $828.0K $229.0K
YoY Change 261.57% 3171.43%
Total Long-Term Liabilities $828.0K $229.0K
YoY Change 261.57% 3171.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $179.4M $190.5M
Total Long-Term Liabilities $828.0K $229.0K
Total Liabilities $210.9M $231.6M
YoY Change -8.96% -6.69%
SHAREHOLDERS EQUITY
Retained Earnings -$243.5M -$170.8M
YoY Change 42.52% 96.71%
Common Stock $81.00K $77.00K
YoY Change 5.19% 2.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $136.3M $178.6M
YoY Change
Total Liabilities & Shareholders Equity $347.2M $410.2M
YoY Change -15.35% -14.61%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$10.72M -$39.33M
YoY Change -72.74% -4.74%
Depreciation, Depletion And Amortization $1.547M $2.773M
YoY Change -44.21% 16.76%
Cash From Operating Activities -$30.17M -$48.90M
YoY Change -38.31% 215.82%
INVESTING ACTIVITIES
Capital Expenditures $803.0K $1.111M
YoY Change -27.72% -73.92%
Acquisitions
YoY Change
Other Investing Activities $15.00M -$10.10M
YoY Change -248.51% -298.04%
Cash From Investing Activities $14.20M -$11.21M
YoY Change -226.68% -1429.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.956M -$166.0K
YoY Change -1278.31% -84.44%
NET CHANGE
Cash From Operating Activities -$30.17M -$48.90M
Cash From Investing Activities $14.20M -$11.21M
Cash From Financing Activities $1.956M -$166.0K
Net Change In Cash -$14.02M -$60.28M
YoY Change -76.75% 283.71%
FREE CASH FLOW
Cash From Operating Activities -$30.17M -$48.90M
Capital Expenditures $803.0K $1.111M
Free Cash Flow -$30.97M -$50.02M
YoY Change -38.08% 153.3%

Facts In Submission

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8340000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
12773000 USD
CY2021Q1 arlo Accounts Receivable Credit Loss Expense Reversal And Inventory Wiredown
AccountsReceivableCreditLossExpenseReversalAndInventoryWiredown
-562000 USD
CY2020Q1 arlo Accounts Receivable Credit Loss Expense Reversal And Inventory Wiredown
AccountsReceivableCreditLossExpenseReversalAndInventoryWiredown
1709000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
292000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-130000 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
100000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-26522000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-65685000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-9296000 USD
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-6142000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-361000 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5273000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-34647000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-71834000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-8101000 USD
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-6251000 USD
CY2021Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-22072000 USD
CY2020Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-25651000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-30168000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-48904000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
803000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1111000 USD
CY2021Q1 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
CY2020Q1 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
20096000 USD
CY2021Q1 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
15000000 USD
CY2020Q1 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
10000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
14197000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11207000 USD
CY2021Q1 us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
6133000 USD
CY2020Q1 us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
1854000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4177000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2020000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1956000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-166000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14015000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-60277000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
190291000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
240819000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
176276000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
180542000 USD
CY2021Q1 arlo Purchasesandtransfersofpropertyandequipment
Purchasesandtransfersofpropertyandequipment
82000 USD
CY2020Q1 arlo Purchasesandtransfersofpropertyandequipment
Purchasesandtransfersofpropertyandequipment
323000 USD
CY2021Q1 arlo Numberof Geographic Regions
NumberofGeographicRegions
3 region
CY2021Q1 us-gaap Fiscal Period
FiscalPeriod
Fiscal periods The Company’s fiscal year begins on January 1 of the year stated and ends on December 31 of the same year. The Company reports its results on a fiscal quarter basis rather than on a calendar quarter basis. Under the fiscal quarter basis, each of the first three fiscal quarters ends on the Sunday closest to the calendar quarter end, with the fourth quarter ending on December 31.
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
Use of estimates The preparation of these unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported periods. Management bases its estimates on various assumptions believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ materially from those estimates and operating results for the three months ended March 28, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021 or any future period.
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
62442000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
6066000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
673000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
69181000 USD
CY2021Q1 arlo Contractwith Customer Liability Increase Dueto Unsatisfied Performance Obligations
ContractwithCustomerLiabilityIncreaseDuetoUnsatisfiedPerformanceObligations
17700000 USD
CY2020Q1 arlo Contractwith Customer Liability Increase Dueto Unsatisfied Performance Obligations
ContractwithCustomerLiabilityIncreaseDuetoUnsatisfiedPerformanceObligations
8600000 USD
CY2021Q1 arlo Contract With Customer Liability Revenue Recognized Including Current Period
ContractWithCustomerLiabilityRevenueRecognizedIncludingCurrentPeriod
21900000 USD
CY2020Q1 arlo Contract With Customer Liability Revenue Recognized Including Current Period
ContractWithCustomerLiabilityRevenueRecognizedIncludingCurrentPeriod
14900000 USD
CY2021Q1 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
10500000 USD
CY2020Q1 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
8700000 USD
CY2021Q1 arlo Numberof Geographic Regions
NumberofGeographicRegions
3 region
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
172113000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
186127000 USD
CY2021Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4163000 USD
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4164000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
176276000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
190291000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
176425000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
236680000 USD
CY2020Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4117000 USD
CY2019Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4139000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
180542000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
240819000 USD
CY2021Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
51640000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
78162000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
519000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
519000 USD
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
51121000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
77643000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
519000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
609000 USD
CY2021Q1 us-gaap Accounts Receivable Change In Method Credit Loss Expense Reversal
AccountsReceivableChangeInMethodCreditLossExpenseReversal
0 USD
CY2020Q1 us-gaap Accounts Receivable Change In Method Credit Loss Expense Reversal
AccountsReceivableChangeInMethodCreditLossExpenseReversal
0 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
254000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
519000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
863000 USD
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
43044000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
43743000 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
28448000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
27922000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14596000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15821000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
1500000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
2400000 USD
CY2021Q1 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2020Q4 us-gaap Goodwill
Goodwill
11000000.0 USD
CY2021Q1 us-gaap Goodwill
Goodwill
11000000.0 USD
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q1 arlo Expected Goodwill Impairment
ExpectedGoodwillImpairment
11000000.0 USD
CY2021Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1399000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1269000 USD
CY2021Q1 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
122000 USD
CY2020Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
122000 USD
CY2021Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1015000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1008000 USD
CY2021Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2536000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2399000 USD
CY2021Q1 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
31552000 USD
CY2020Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
38577000 USD
CY2021Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
24429000 USD
CY2020Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
37689000 USD
CY2021Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
11419000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15089000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4391000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4400000 USD
CY2021Q1 arlo Accrued Freight Charges
AccruedFreightCharges
2602000 USD
CY2020Q4 arlo Accrued Freight Charges
AccruedFreightCharges
3558000 USD
CY2021Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1937000 USD
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2451000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
20824000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
20002000 USD
CY2021Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
97154000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
121766000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
61000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
24000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
199000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
82556000 USD
CY2021Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
56749000 USD
CY2021Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
14791000 USD
CY2021Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11207000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11227000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
65450000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
61497000 USD
CY2020Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15243000 USD
CY2020Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11038000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18784000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4459000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3186000 USD
CY2020Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
115000 USD
CY2020Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
0 USD
CY2020Q4 us-gaap Aoci Tax Attributable To Parent
AociTaxAttributableToParent
0 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
0 USD
CY2021Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-1000 USD
CY2021Q1 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
0 USD
CY2021Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
2000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3000 USD
CY2021Q1 us-gaap Aoci Tax Attributable To Parent
AociTaxAttributableToParent
0 USD
CY2019Q4 us-gaap Aoci Tax Attributable To Parent
AociTaxAttributableToParent
0 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
0 USD
CY2020Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-4000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
119000 USD
CY2020Q1 us-gaap Aoci Tax Attributable To Parent
AociTaxAttributableToParent
0 USD
CY2021Q1 arlo Line Of Credit Facility Domestic Cash To Be Maintained By Financial Covenant
LineOfCreditFacilityDomesticCashToBeMaintainedByFinancialCovenant
20000000.0 USD
CY2021Q1 arlo Lessee Operating Lease Option To Extend Period Term
LesseeOperatingLeaseOptionToExtendPeriodTerm
P5Y
CY2021Q1 arlo Lessee Operating Lease Option To Terminate Period Term
LesseeOperatingLeaseOptionToTerminatePeriodTerm
P1Y
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1600000 USD
CY2020Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1800000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1534000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1486000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y9M18D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0569
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4395000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5768000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4975000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4456000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3183000 USD
CY2021Q1 arlo Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
11494000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
34271000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5983000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
28288000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4391000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23897000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
28288000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5931000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5770000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4977000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
11498000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
35821000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6392000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
29429000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4400000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25029000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
29429000 USD
CY2021Q1 arlo Number Of Days For Non Cancellation Of Purchase Obligations Prior To Expected Shipment Date
NumberOfDaysForNonCancellationOfPurchaseObligationsPriorToExpectedShipmentDate
P30D
CY2021Q1 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
22600000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2451000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3169000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
-369000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
207000 USD
CY2021Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
145000 USD
CY2020Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
188000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1937000 USD
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3188000 USD
CY2018Q4 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
6 claim
CY2021Q1 arlo Liability For Director And Officer Indemnification Agreements
LiabilityForDirectorAndOfficerIndemnificationAgreements
0 USD
CY2020Q4 arlo Liability For Director And Officer Indemnification Agreements
LiabilityForDirectorAndOfficerIndemnificationAgreements
0 USD
CY2020Q4 arlo Liability For Customers Distributors And Resellers Indemnification Agreements
LiabilityForCustomersDistributorsAndResellersIndemnificationAgreements
0 USD
CY2021Q1 arlo Liability For Customers Distributors And Resellers Indemnification Agreements
LiabilityForCustomersDistributorsAndResellersIndemnificationAgreements
0 USD
CY2021Q1 arlo Severance Agreement Termination Without Cause Or Resignation With Good Reason Period Of Health Benefits Continuation
SeveranceAgreementTerminationWithoutCauseOrResignationWithGoodReasonPeriodOfHealthBenefitsContinuation
P12M
CY2021Q1 arlo Severance Agreement Termination Without Cause Or Resignation With Good Reason Accelerated Vesting Period Of Awards Would Have Vested Following Termination Date
SeveranceAgreementTerminationWithoutCauseOrResignationWithGoodReasonAcceleratedVestingPeriodOfAwardsWouldHaveVestedFollowingTerminationDate
P12M
CY2021Q1 arlo Liabilitiesforexecutivesemploymentagreements
Liabilitiesforexecutivesemploymentagreements
0 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8340000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12773000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.017
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.004
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-10719000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-39326000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80370000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76560000 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80370000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76560000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.51
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.51
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3974000 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8003000 shares
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021Q1 arlo Numberof Geographic Regions
NumberofGeographicRegions
3 region
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
82556000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
65450000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14596000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15821000 USD

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0001736946-21-000018.txt Edgar Link pending
0001736946-21-000018-xbrl.zip Edgar Link pending
arlo-20210328.htm Edgar Link pending
arlo-20210328.xsd Edgar Link pending
arlo-20210328_cal.xml Edgar Link unprocessable
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