2021 Q4 Form 10-Q Financial Statement

#000173694621000060 Filed on November 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q3 2020 Q2
Revenue $111.1M $110.2M $66.63M
YoY Change -3.21% 3.88% -20.29%
Cost Of Revenue $86.81M $88.83M $61.14M
YoY Change -3.87% -7.1% -17.32%
Gross Profit $24.34M $21.41M $5.489M
YoY Change -0.79% 103.84% -43.12%
Gross Profit Margin 21.9% 19.42% 8.24%
Selling, General & Admin $24.90M $23.86M $21.55M
YoY Change -0.01% -3.49% -15.24%
% of Gross Profit 102.28% 111.43% 392.6%
Research & Development $14.38M $15.44M $14.19M
YoY Change -6.03% -7.57% -19.34%
% of Gross Profit 59.06% 72.1% 258.55%
Depreciation & Amortization $1.377M $2.200M $2.300M
YoY Change -37.12% -8.33% 4.55%
% of Gross Profit 5.66% 10.28% 41.9%
Operating Expenses $39.28M $39.37M $35.82M
YoY Change -2.06% -5.26% -18.09%
Operating Profit -$14.93M -$17.96M -$30.34M
YoY Change -4.05% -42.16% -11.0%
Interest Expense -$1.000K $100.0K $200.0K
YoY Change -83.33% -71.43%
% of Operating Profit
Other Income/Expense, Net $599.0K $543.0K $1.111M
YoY Change -0.17% 252.6% 3483.87%
Pretax Income -$15.02M -$17.34M -$29.07M
YoY Change 0.11% -42.77% -12.81%
Income Tax $181.0K $100.0K $200.0K
% Of Pretax Income
Net Earnings -$15.20M -$17.46M -$29.26M
YoY Change -0.08% -42.93% -13.17%
Net Earnings / Revenue -13.67% -15.84% -43.91%
Basic Earnings Per Share -$0.22 -$0.38
Diluted Earnings Per Share -$181.3K -$0.22 -$0.38
COMMON SHARES
Basic Shares Outstanding 84.30M shares 78.66M shares 77.89M shares
Diluted Shares Outstanding 78.66M shares 77.89M shares

Balance Sheet

Concept 2021 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $166.1M $193.6M $205.5M
YoY Change -19.43% 25.88% 49.02%
Cash & Equivalents $175.7M $173.6M $185.4M
Short-Term Investments $0.00 $20.00M $20.00M
Other Short-Term Assets $12.15M $10.30M $9.900M
YoY Change 49.96% -36.02% -13.91%
Inventory $38.39M $69.04M $65.81M
Prepaid Expenses
Receivables $79.56M $56.43M $46.47M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $303.6M $329.4M $327.7M
YoY Change -14.84% -4.17% 0.42%
LONG-TERM ASSETS
Property, Plant & Equipment $9.595M $16.83M $18.21M
YoY Change -39.35% -30.49% -34.88%
Goodwill $11.00M $11.00M $11.00M
YoY Change 0.0% -29.66% -29.66%
Intangibles $238.0K $594.0K
YoY Change -85.82% -71.17%
Long-Term Investments
YoY Change
Other Assets $4.314M $2.216M $2.244M
YoY Change 79.82% -60.5% -66.49%
Total Long-Term Assets $43.87M $59.50M $62.28M
YoY Change -23.6% -28.55% -30.14%
TOTAL ASSETS
Total Short-Term Assets $303.6M $329.4M $327.7M
Total Long-Term Assets $43.87M $59.50M $62.28M
Total Assets $347.5M $388.9M $390.0M
YoY Change -16.06% -8.92% -6.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.10M $74.73M $52.90M
YoY Change 35.27% 29.35% 137.1%
Accrued Expenses $97.38M $106.0M $99.42M
YoY Change -20.03% -3.67% -9.65%
Deferred Revenue $29.44M $30.57M $44.29M
YoY Change -44.6% 7.47% 64.92%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $210.9M $211.8M $200.1M
YoY Change -11.13% 7.34% 25.07%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.001M $1.261M $573.0K
YoY Change -13.63% 8907.14% 5630.0%
Total Long-Term Liabilities $1.001M $1.261M $573.0K
YoY Change -13.63% 8907.14% 5630.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $210.9M $211.8M $200.1M
Total Long-Term Liabilities $1.001M $1.261M $573.0K
Total Liabilities $234.8M $247.1M $238.1M
YoY Change -16.19% -0.12% 12.17%
SHAREHOLDERS EQUITY
Retained Earnings -$288.8M -$217.6M -$200.1M
YoY Change 24.07% 43.95% 66.0%
Common Stock $84.00K $79.00K $78.00K
YoY Change 6.33% 3.95% 4.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $112.7M $141.8M $151.9M
YoY Change
Total Liabilities & Shareholders Equity $347.5M $388.9M $390.0M
YoY Change -16.06% -8.92% -6.14%

Cashflow Statement

Concept 2021 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income -$15.20M -$17.46M -$29.26M
YoY Change -0.08% -42.93% -13.17%
Depreciation, Depletion And Amortization $1.377M $2.200M $2.300M
YoY Change -37.12% -8.33% 4.55%
Cash From Operating Activities -$9.190M -$10.64M $220.0K
YoY Change -171.85% -189.11% -100.56%
INVESTING ACTIVITIES
Capital Expenditures -$872.0K -$890.0K -$70.00K
YoY Change -52.09% -142.38% -97.55%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $10.01M
YoY Change -100.0% -100.0% 9000.0%
Cash From Investing Activities -$872.0K -$880.0K $9.930M
YoY Change -52.09% -112.36% -461.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.587M -290.0K -1.120M
YoY Change -265.83% -116.57% 86.67%
NET CHANGE
Cash From Operating Activities -9.190M -10.64M 220.0K
Cash From Investing Activities -872.0K -880.0K 9.930M
Cash From Financing Activities -2.587M -290.0K -1.120M
Net Change In Cash -12.65M -11.81M 9.030M
YoY Change -200.95% -156.75% -121.24%
FREE CASH FLOW
Cash From Operating Activities -$9.190M -$10.64M $220.0K
Capital Expenditures -$872.0K -$890.0K -$70.00K
Free Cash Flow -$8.318M -$9.750M $290.0K
YoY Change -156.93% -199.09% -100.8%

Facts In Submission

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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
12000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-9000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
10000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
16000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
0 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-14000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-1000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-23000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
12000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-23000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
9000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-7000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
1000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
1000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
11000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-23000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-7000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-15187000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-17482000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-49229000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-86048000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
114785000 USD
us-gaap Net Income Loss
NetIncomeLoss
-15198000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6688000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
8525000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1265000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3854000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
11000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
112224000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
151904000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-17459000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6083000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
1589000 USD
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
25000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1171000 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1483000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-14000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-9000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
141807000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
133767000 USD
us-gaap Net Income Loss
NetIncomeLoss
-49237000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18134000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
15087000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4441000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2962000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
12938000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1838000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
9000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
112224000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
203376000 USD
us-gaap Net Income Loss
NetIncomeLoss
-86041000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
21840000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
4219000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
27000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3025000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4632000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-23000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
16000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
141807000 USD
us-gaap Net Income Loss
NetIncomeLoss
-49237000 USD
us-gaap Net Income Loss
NetIncomeLoss
-86041000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
27548000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
26338000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
9116000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4546000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8024000 USD
arlo Accounts Receivable Credit Loss Expense Reversal And Inventory Wiredown
AccountsReceivableCreditLossExpenseReversalAndInventoryWiredown
-2530000 USD
arlo Accounts Receivable Credit Loss Expense Reversal And Inventory Wiredown
AccountsReceivableCreditLossExpenseReversalAndInventoryWiredown
1322000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-284000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
63000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-57000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-19000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
3000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-60000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
292000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7712000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-70985000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-27274000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1938000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2070000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5166000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8369000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-27000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-37554000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-28019000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-27569000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-23643000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-21203000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-32656000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-59317000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
45085000 USD
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
20000000 USD
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
45000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
18062000 USD
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1645000 USD
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2451000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2155000 USD
us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
7403000 USD
us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
3051000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
12938000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4632000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5535000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1581000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-20129000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-63053000 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
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
170162000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177766000 USD
arlo Purchasesandtransfersofpropertyandequipment
Purchasesandtransfersofpropertyandequipment
423000 USD
arlo Purchasesandtransfersofpropertyandequipment
Purchasesandtransfersofpropertyandequipment
1470000 USD
arlo Numberof Geographic Regions
NumberofGeographicRegions
3 region
CY2020Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4147000 USD
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.
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 nine months ended October 3, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021 or any future period.
arlo Numberof Geographic Regions
NumberofGeographicRegions
3 region
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
49410000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1933000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
382000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
51725000 USD
arlo Contractwith Customer Liability Increase Dueto Unsatisfied Performance Obligations
ContractwithCustomerLiabilityIncreaseDuetoUnsatisfiedPerformanceObligations
64200000 USD
arlo Contractwith Customer Liability Increase Dueto Unsatisfied Performance Obligations
ContractwithCustomerLiabilityIncreaseDuetoUnsatisfiedPerformanceObligations
33500000 USD
arlo Contract With Customer Liability Revenue Recognized Including Current Period
ContractWithCustomerLiabilityRevenueRecognizedIncludingCurrentPeriod
70300000 USD
arlo Contract With Customer Liability Revenue Recognized Including Current Period
ContractWithCustomerLiabilityRevenueRecognizedIncludingCurrentPeriod
46900000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
19900000 USD
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
21200000 USD
CY2019Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4139000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
166057000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
186127000 USD
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4105000 USD
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4164000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
170162000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
190291000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
173619000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
236680000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177766000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
240819000 USD
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
70450000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
78162000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
326000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
519000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
70124000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
77643000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
536000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
810000 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
us-gaap Accounts Receivable Change In Method Credit Loss Expense Reversal
AccountsReceivableChangeInMethodCreditLossExpenseReversal
0 USD
CY2020Q3 us-gaap Accounts Receivable Change In Method Credit Loss Expense Reversal
AccountsReceivableChangeInMethodCreditLossExpenseReversal
0 USD
us-gaap Accounts Receivable Change In Method Credit Loss Expense Reversal
AccountsReceivableChangeInMethodCreditLossExpenseReversal
0 USD
us-gaap Accounts Receivable Change In Method Credit Loss Expense Reversal
AccountsReceivableChangeInMethodCreditLossExpenseReversal
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-210000 USD
CY2020Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-301000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-193000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-100000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
326000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
509000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
326000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
509000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
38601000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
43743000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
27920000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
27922000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10681000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15821000 USD
CY2021Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
2500000 USD
CY2020Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
0 USD
us-gaap Depreciation
Depreciation
1400000 USD
us-gaap Depreciation
Depreciation
4500000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
2200000 USD
us-gaap Depreciation
Depreciation
7000000 USD
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2021Q4 us-gaap Goodwill
Goodwill
11000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
11000000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q4 arlo Potential Goodwill Impairment
PotentialGoodwillImpairment
11000000 USD
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1551000 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1269000 USD
CY2021Q4 arlo Sublease Assets Noncurrent
SubleaseAssetsNoncurrent
1012000 USD
CY2020Q4 arlo Sublease Assets Noncurrent
SubleaseAssetsNoncurrent
0 USD
CY2021Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
122000 USD
CY2020Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
122000 USD
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1101000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1008000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3786000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2399000 USD
CY2021Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
32216000 USD
CY2020Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
38577000 USD
CY2021Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
19259000 USD
CY2020Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
37689000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9101000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
15089000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4411000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4400000 USD
CY2021Q4 arlo Accrued Freight Charges
AccruedFreightCharges
5736000 USD
CY2020Q4 arlo Accrued Freight Charges
AccruedFreightCharges
3558000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
21076000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
20002000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
93444000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
121766000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
90000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
24000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
8000 USD
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1000 USD
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1000 USD
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120000 USD
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0 USD
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0 USD
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20000000 USD
arlo Lessee Operating Lease Option To Extend Period Term
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P5Y
arlo Lessee Operating Lease Option To Terminate Period Term
LesseeOperatingLeaseOptionToTerminatePeriodTerm
P1Y
us-gaap Operating Lease Expense
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1700000 USD
CY2020Q3 us-gaap Operating Lease Expense
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1700000 USD
us-gaap Operating Lease Expense
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5300000 USD
us-gaap Operating Lease Expense
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5300000 USD
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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461000 USD
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P6Y6M
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0.063
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1088000 USD
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0 USD
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1088000 USD
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6270000 USD
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1673000 USD
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5491000 USD
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1891000 USD
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3600000 USD
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4881000 USD
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1947000 USD
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2934000 USD
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1173000 USD
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11489000 USD
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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5376000 USD
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78000 sqft
arlo Number Of Days For Non Cancellation Of Purchase Obligations Prior To Expected Shipment Date
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P30D
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3023000 USD
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ProductWarrantyAccrual
2451000 USD
CY2019Q4 us-gaap Product Warranty Accrual
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3169000 USD
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0 USD
us-gaap Standard Product Warranty Accrual Period Increase Decrease
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0 USD
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107000 USD
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455000 USD
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368000 USD
us-gaap Product Warranty Accrual Payments
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601000 USD
CY2021Q4 us-gaap Product Warranty Accrual
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1645000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2568000 USD
CY2021Q4 us-gaap Product Warranty Accrual
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1645000 USD
CY2020Q3 us-gaap Product Warranty Accrual
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2568000 USD
CY2018Q4 us-gaap Loss Contingency New Claims Filed Number
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6 claim
CY2020Q4 arlo Liability For Director And Officer Indemnification Agreements
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0 USD
CY2021Q4 arlo Liability For Director And Officer Indemnification Agreements
LiabilityForDirectorAndOfficerIndemnificationAgreements
0 USD
CY2021Q4 arlo Liability For Customers Distributors And Resellers Indemnification Agreements
LiabilityForCustomersDistributorsAndResellersIndemnificationAgreements
0 USD
CY2020Q4 arlo Liability For Customers Distributors And Resellers Indemnification Agreements
LiabilityForCustomersDistributorsAndResellersIndemnificationAgreements
0 USD
arlo Severance Agreement Termination Without Cause Or Resignation With Good Reason Period Of Health Benefits Continuation
SeveranceAgreementTerminationWithoutCauseOrResignationWithGoodReasonPeriodOfHealthBenefitsContinuation
P12M
arlo Severance Agreement Termination Without Cause Or Resignation With Good Reason Accelerated Vesting Period Of Awards Would Have Vested Following Termination Date
SeveranceAgreementTerminationWithoutCauseOrResignationWithGoodReasonAcceleratedVestingPeriodOfAwardsWouldHaveVestedFollowingTerminationDate
P12M
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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77705000 shares
CY2021Q4 arlo Liabilitiesforexecutivesemploymentagreements
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0 USD
us-gaap Allocated Share Based Compensation Expense
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7599000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
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9001000 USD
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27548000 USD
us-gaap Allocated Share Based Compensation Expense
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26338000 USD
us-gaap Income Tax Expense Benefit
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200000 USD
us-gaap Effective Income Tax Rate Continuing Operations
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500000 USD
us-gaap Effective Income Tax Rate Continuing Operations
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-0.011
CY2020Q3 us-gaap Income Tax Expense Benefit
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100000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
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-0.007
us-gaap Income Tax Expense Benefit
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400000 USD
us-gaap Effective Income Tax Rate Continuing Operations
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-0.005
us-gaap Net Income Loss
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CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
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-17459000 USD
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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83809000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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78662000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82191000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77705000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83809000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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78662000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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82191000 shares
us-gaap Earnings Per Share Basic
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-0.18
CY2020Q3 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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-0.18
CY2020Q3 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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-1.11
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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5980000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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5958000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4826000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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7526000 shares
us-gaap Number Of Operating Segments
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1 segment
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1 segment
arlo Numberof Geographic Regions
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3 region
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111149000 USD
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242318000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
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10681000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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15821000 USD

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