2022 Q2 Form 10-Q Financial Statement

#000173694622000018 Filed on May 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q1
Revenue $124.8M $82.56M
YoY Change 26.56% 26.14%
Cost Of Revenue $91.18M $56.75M
YoY Change 25.93% -7.72%
Gross Profit $33.58M $25.81M
YoY Change 28.3% 552.85%
Gross Profit Margin 26.91% 31.26%
Selling, General & Admin $25.79M $22.43M
YoY Change -0.88% -24.77%
% of Gross Profit 76.81% 86.93%
Research & Development $16.38M $14.79M
YoY Change 0.79% -2.97%
% of Gross Profit 48.78% 57.31%
Depreciation & Amortization $1.302M $1.547M
YoY Change -18.63% -44.21%
% of Gross Profit 3.88% 5.99%
Operating Expenses $42.25M $37.28M
YoY Change -18.74% -16.88%
Operating Profit -$8.672M -$11.47M
YoY Change -66.41% -71.95%
Interest Expense -$5.000K $0.00
YoY Change -266.67% -100.0%
% of Operating Profit
Other Income/Expense, Net $411.0K $909.0K
YoY Change -84.56% -23.16%
Pretax Income -$8.266M -$10.54M
YoY Change -64.3% -73.1%
Income Tax $200.0K $200.0K
% Of Pretax Income
Net Earnings -$8.479M -$10.72M
YoY Change -63.64% -72.74%
Net Earnings / Revenue -6.8% -12.98%
Basic Earnings Per Share -$0.10 -$0.13
Diluted Earnings Per Share -$0.10 -$0.13
COMMON SHARES
Basic Shares Outstanding 85.22M shares 80.37M shares
Diluted Shares Outstanding 85.22M shares 80.37M shares

Balance Sheet

Concept 2022 Q2 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $145.5M $177.1M
YoY Change -18.55% -14.28%
Cash & Equivalents $101.0M $172.1M
Short-Term Investments $44.57M $5.000M
Other Short-Term Assets $9.015M $7.700M
YoY Change -23.94% -38.89%
Inventory $37.04M $55.97M
Prepaid Expenses
Receivables $78.05M $51.12M
Other Receivables $0.00 $0.00
Total Short-Term Assets $269.6M $291.9M
YoY Change -5.58% -14.53%
LONG-TERM ASSETS
Property, Plant & Equipment $8.522M $14.60M
YoY Change -25.04% -24.31%
Goodwill $11.00M $11.00M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.671M $2.536M
YoY Change 32.74% -16.83%
Total Long-Term Assets $42.14M $55.28M
YoY Change -6.74% -19.44%
TOTAL ASSETS
Total Short-Term Assets $269.6M $291.9M
Total Long-Term Assets $42.14M $55.28M
Total Assets $311.8M $347.2M
YoY Change -5.74% -15.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.27M $27.05M
YoY Change 59.19% -30.81%
Accrued Expenses $91.73M $97.15M
YoY Change -6.12% -3.28%
Deferred Revenue $16.46M $55.00M
YoY Change -65.47% 17.33%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $176.5M $179.4M
YoY Change -6.29% -5.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.966M $828.0K
YoY Change 29.77% 261.57%
Total Long-Term Liabilities $1.966M $828.0K
YoY Change 29.77% 261.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $176.5M $179.4M
Total Long-Term Liabilities $1.966M $828.0K
Total Liabilities $199.8M $210.9M
YoY Change -7.5% -8.96%
SHAREHOLDERS EQUITY
Retained Earnings -$297.3M -$243.5M
YoY Change 11.42% 42.52%
Common Stock $86.00K $81.00K
YoY Change 3.61% 5.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $112.0M $136.3M
YoY Change
Total Liabilities & Shareholders Equity $311.8M $347.2M
YoY Change -5.74% -15.35%

Cashflow Statement

Concept 2022 Q2 2021 Q1
OPERATING ACTIVITIES
Net Income -$8.479M -$10.72M
YoY Change -63.64% -72.74%
Depreciation, Depletion And Amortization $1.302M $1.547M
YoY Change -18.63% -44.21%
Cash From Operating Activities -$24.56M -$30.17M
YoY Change -466.3% -38.31%
INVESTING ACTIVITIES
Capital Expenditures $298.0K $803.0K
YoY Change -212.03% -27.72%
Acquisitions
YoY Change
Other Investing Activities -$44.64M $15.00M
YoY Change -992.8% -248.51%
Cash From Investing Activities -$44.94M $14.20M
YoY Change -1049.26% -226.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$5.272M $1.956M
YoY Change 7.42% -1278.31%
NET CHANGE
Cash From Operating Activities -$24.56M -$30.17M
Cash From Investing Activities -$44.94M $14.20M
Cash From Financing Activities -$5.272M $1.956M
Net Change In Cash -$74.77M -$14.02M
YoY Change -1244.98% -76.75%
FREE CASH FLOW
Cash From Operating Activities -$24.56M -$30.17M
Capital Expenditures $298.0K $803.0K
Free Cash Flow -$24.86M -$30.97M
YoY Change -456.6% -38.08%

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CY2021Q1 arlo Accounts Receivable Credit Loss Expense Reversal And Inventory Reserves Non Cash
AccountsReceivableCreditLossExpenseReversalAndInventoryReservesNonCash
562000 USD
CY2022Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-130000 USD
CY2022Q2 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-28000 USD
CY2021Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
3000 USD
CY2022Q2 arlo Contractwith Customer Liability Increase Dueto Unsatisfied Performance Obligations
ContractwithCustomerLiabilityIncreaseDuetoUnsatisfiedPerformanceObligations
25800000 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1508000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-26522000 USD
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1490000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-9296000 USD
CY2022Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-556000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-361000 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-15676000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-34647000 USD
CY2022Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-13411000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-8101000 USD
CY2022Q2 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-1320000 USD
CY2021Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-22072000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24557000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-30168000 USD
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
298000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
803000 USD
CY2021Q1 arlo Contractwith Customer Liability Increase Dueto Unsatisfied Performance Obligations
ContractwithCustomerLiabilityIncreaseDuetoUnsatisfiedPerformanceObligations
17700000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
14197000 USD
CY2022Q2 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
44640000 USD
CY2021Q1 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
CY2022Q2 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
0 USD
CY2021Q1 us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
15000000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-44938000 USD
CY2022Q2 us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
1388000 USD
CY2021Q1 us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
6133000 USD
CY2022Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6660000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4177000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5272000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1956000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-74767000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14015000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
179856000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
190291000 USD
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
21122000 USD
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
809000 USD
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
107000 USD
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
22038000 USD
CY2022Q2 arlo Contract With Customer Liability Revenue Recognized Including Current Period
ContractWithCustomerLiabilityRevenueRecognizedIncludingCurrentPeriod
27500000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
105089000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
176276000 USD
CY2022Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
310000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
82000 USD
CY2022Q2 arlo Numberof Geographic Regions
NumberofGeographicRegions
3 region
CY2022Q2 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.
CY2022Q2 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 April 3, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022 or any future period.
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
105089000 USD
CY2021Q1 arlo Contract With Customer Liability Revenue Recognized Including Current Period
ContractWithCustomerLiabilityRevenueRecognizedIncludingCurrentPeriod
21900000 USD
CY2022Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
9000000 USD
CY2021Q1 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
10500000 USD
CY2022Q2 arlo Numberof Geographic Regions
NumberofGeographicRegions
3 region
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100975000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
175749000 USD
CY2022Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4114000 USD
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4107000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
179856000 USD
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
CY2022Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
78393000 USD
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
79901000 USD
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
339000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
337000 USD
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
78054000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
79564000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
337000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
519000 USD
CY2022Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
339000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
519000 USD
CY2022Q2 us-gaap Depreciation
Depreciation
1300000 USD
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
38744000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
38618000 USD
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
30222000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
29023000 USD
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8522000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9595000 USD
CY2022Q2 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
2200000 USD
CY2021Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
2400000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
1500000 USD
CY2022Q2 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2021Q4 us-gaap Goodwill
Goodwill
11000000 USD
CY2022Q2 us-gaap Goodwill
Goodwill
11000000 USD
CY2022Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2022Q2 arlo Potential Goodwill Impairment
PotentialGoodwillImpairment
11000000 USD
CY2022Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1574000 USD
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1565000 USD
CY2022Q2 arlo Sublease Assets Noncurrent
SubleaseAssetsNoncurrent
1762000 USD
CY2021Q4 arlo Sublease Assets Noncurrent
SubleaseAssetsNoncurrent
1471000 USD
CY2022Q2 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
122000 USD
CY2021Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
122000 USD
CY2022Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1213000 USD
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1156000 USD
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4671000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4314000 USD
CY2022Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
31252000 USD
CY2021Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
31417000 USD
CY2022Q2 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
17924000 USD
CY2021Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
19960000 USD
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
11753000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12367000 USD
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4529000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4609000 USD
CY2022Q2 arlo Accrued Freight Charges
AccruedFreightCharges
5551000 USD
CY2021Q4 arlo Accrued Freight Charges
AccruedFreightCharges
8086000 USD
CY2022Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1330000 USD
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1330000 USD
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
19393000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
19608000 USD
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
91732000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
97377000 USD
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
1800000 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
CY2021Q4 us-gaap Aoci Tax Attributable To Parent
AociTaxAttributableToParent
0 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
0 USD
CY2022Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-46000 USD
CY2022Q2 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
0 USD
CY2022Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
0 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-46000 USD
CY2022Q2 us-gaap Aoci Tax Attributable To Parent
AociTaxAttributableToParent
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
CY2022Q2 arlo Lessee Operating Lease Option To Extend Period Term
LesseeOperatingLeaseOptionToExtendPeriodTerm
P5Y
CY2022Q2 arlo Lessee Operating Lease Option To Terminate Period Term
LesseeOperatingLeaseOptionToTerminatePeriodTerm
P1Y
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1600000 USD
CY2022Q2 us-gaap Sublease Income
SubleaseIncome
500000 USD
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
2036000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1534000 USD
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
18000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M6D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0576
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0577
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
4362000 USD
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
1506000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3267000 USD
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
2066000 USD
CY2022Q2 arlo Lessee Operating Lease Liability Payments Net Of Sublease Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleasePaymentsRemainderOfFiscalYear
2856000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5563000 USD
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1891000 USD
CY2022Q2 arlo Lessee Operating Lease Liability Payments Net Of Sublease Payments Due Year One
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleasePaymentsDueYearOne
3672000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4885000 USD
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1947000 USD
CY2022Q2 arlo Lessee Operating Lease Liability Payments Net Of Sublease Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleasePaymentsDueYearTwo
2938000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3174000 USD
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
2006000 USD
CY2022Q2 arlo Lessee Operating Lease Liability Payments Net Of Sublease Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleasePaymentsDueYearThree
1168000 USD
CY2022Q2 arlo Lessee Operating Lease Liability Payments Net Of Sublease Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleasePaymentsDueYearFour
1201000 USD
CY2022Q2 arlo Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
8217000 USD
CY2022Q2 arlo Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
5942000 USD
CY2022Q2 arlo Lessee Operating Lease Liability Payments Net Of Sublease Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleasePaymentsDueAfterYearFour
2275000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29468000 USD
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
15358000 USD
CY2022Q2 arlo Lessee Operating Lease Liability Payments Net Of Sublease Payments Due
LesseeOperatingLeaseLiabilityPaymentsNetOfSubleasePaymentsDue
14110000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4631000 USD
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
24837000 USD
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4529000 USD
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
20308000 USD
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
24837000 USD
CY2022Q2 arlo Number Of Days For Non Cancellation Of Purchase Obligations Prior To Expected Shipment Date
NumberOfDaysForNonCancellationOfPurchaseObligationsPriorToExpectedShipmentDate
P30D
CY2022Q2 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
34700000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1330000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2451000 USD
CY2022Q2 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
79000 USD
CY2022Q2 arlo Liabilitiesforexecutivesemploymentagreements
Liabilitiesforexecutivesemploymentagreements
0 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
-369000 USD
CY2022Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
79000 USD
CY2021Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
145000 USD
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1330000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1937000 USD
CY2018Q4 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
6 claim
CY2022Q2 arlo Liability For Director And Officer Indemnification Agreements
LiabilityForDirectorAndOfficerIndemnificationAgreements
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
CY2022Q2 arlo Liability For Customers Distributors And Resellers Indemnification Agreements
LiabilityForCustomersDistributorsAndResellersIndemnificationAgreements
0 USD
CY2022Q2 arlo Severance Agreement Termination Without Cause Or Resignation With Good Reason Period Of Health Benefits Continuation
SeveranceAgreementTerminationWithoutCauseOrResignationWithGoodReasonPeriodOfHealthBenefitsContinuation
P12M
CY2022Q2 arlo Severance Agreement Termination Without Cause Or Resignation With Good Reason Accelerated Vesting Period Of Awards Would Have Vested Following Termination Date
SeveranceAgreementTerminationWithoutCauseOrResignationWithGoodReasonAcceleratedVestingPeriodOfAwardsWouldHaveVestedFollowingTerminationDate
P12M
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 USD
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.026
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 USD
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9589000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8340000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.017
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-8479000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-10719000 USD
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85222000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80370000 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85222000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80370000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1031000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3974000 shares
CY2022Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q2 arlo Numberof Geographic Regions
NumberofGeographicRegions
3 region
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
124751000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
82556000 USD
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8522000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9595000 USD

Files In Submission

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0001736946-22-000018-index-headers.html Edgar Link pending
0001736946-22-000018-index.html Edgar Link pending
0001736946-22-000018.txt Edgar Link pending
0001736946-22-000018-xbrl.zip Edgar Link pending
arlo-20220403.htm Edgar Link pending
arlo-20220403.xsd Edgar Link pending
arlo-20220403_cal.xml Edgar Link unprocessable
arlo-20220403_def.xml Edgar Link unprocessable
arlo-20220403_htm.xml Edgar Link completed
arlo-20220403_lab.xml Edgar Link unprocessable
arlo-20220403_pre.xml Edgar Link unprocessable
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