2022 Q3 Form 10-Q Financial Statement

#000173694622000034 Filed on August 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $119.0M $124.8M $111.1M
YoY Change 26.56% -3.21%
Cost Of Revenue $85.24M $91.18M $86.81M
YoY Change 25.93% -3.87%
Gross Profit $33.74M $33.58M $24.34M
YoY Change 28.3% -0.79%
Gross Profit Margin 28.36% 26.91% 21.9%
Selling, General & Admin $27.66M $25.79M $24.90M
YoY Change -0.88% -0.01%
% of Gross Profit 81.97% 76.81% 102.28%
Research & Development $17.40M $16.38M $14.38M
YoY Change 0.79% -6.03%
% of Gross Profit 51.58% 48.78% 59.06%
Depreciation & Amortization $1.200M $1.302M $1.377M
YoY Change -18.63% -37.12%
% of Gross Profit 3.56% 3.88% 5.66%
Operating Expenses $45.08M $42.25M $39.28M
YoY Change -18.74% -2.06%
Operating Profit -$11.34M -$8.672M -$14.93M
YoY Change -66.41% -4.05%
Interest Expense $129.0K -$5.000K -$1.000K
YoY Change -266.67%
% of Operating Profit
Other Income/Expense, Net -$116.0K $411.0K $599.0K
YoY Change -84.56% -0.17%
Pretax Income -$11.33M -$8.266M -$15.02M
YoY Change -64.3% 0.11%
Income Tax $200.0K $200.0K $181.0K
% Of Pretax Income
Net Earnings -$11.56M -$8.479M -$15.20M
YoY Change -63.64% -0.08%
Net Earnings / Revenue -9.71% -6.8% -13.67%
Basic Earnings Per Share -$0.13 -$0.10
Diluted Earnings Per Share -$0.13 -$0.10 -$181.3K
COMMON SHARES
Basic Shares Outstanding 86.87M shares 85.22M shares 84.30M shares
Diluted Shares Outstanding 86.87M shares 85.22M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $135.3M $145.5M $166.1M
YoY Change -18.55% -19.43%
Cash & Equivalents $85.54M $101.0M $175.7M
Short-Term Investments $49.72M $44.57M $0.00
Other Short-Term Assets $8.890M $9.015M $12.15M
YoY Change -23.94% 49.96%
Inventory $39.21M $37.04M $38.39M
Prepaid Expenses
Receivables $74.00M $78.05M $79.56M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $257.4M $269.6M $303.6M
YoY Change -5.58% -14.84%
LONG-TERM ASSETS
Property, Plant & Equipment $7.478M $8.522M $9.595M
YoY Change -25.04% -39.35%
Goodwill $11.00M $11.00M $11.00M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.441M $4.671M $4.314M
YoY Change 32.74% 79.82%
Total Long-Term Assets $42.32M $42.14M $43.87M
YoY Change -6.74% -23.6%
TOTAL ASSETS
Total Short-Term Assets $257.4M $269.6M $303.6M
Total Long-Term Assets $42.32M $42.14M $43.87M
Total Assets $299.7M $311.8M $347.5M
YoY Change -5.74% -16.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $77.42M $68.27M $84.10M
YoY Change 59.19% 35.27%
Accrued Expenses $82.23M $91.73M $97.38M
YoY Change -6.12% -20.03%
Deferred Revenue $13.45M $16.46M $29.44M
YoY Change -65.47% -44.6%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $173.2M $176.5M $210.9M
YoY Change -6.29% -11.13%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.906M $1.966M $1.001M
YoY Change 29.77% -13.63%
Total Long-Term Liabilities $1.906M $1.966M $1.001M
YoY Change 29.77% -13.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $173.2M $176.5M $210.9M
Total Long-Term Liabilities $1.906M $1.966M $1.001M
Total Liabilities $197.3M $199.8M $234.8M
YoY Change -7.5% -16.19%
SHAREHOLDERS EQUITY
Retained Earnings -$308.8M -$297.3M -$288.8M
YoY Change 11.42% 24.07%
Common Stock $88.00K $86.00K $84.00K
YoY Change 3.61% 6.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $102.4M $112.0M $112.7M
YoY Change
Total Liabilities & Shareholders Equity $299.7M $311.8M $347.5M
YoY Change -5.74% -16.06%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$11.56M -$8.479M -$15.20M
YoY Change -63.64% -0.08%
Depreciation, Depletion And Amortization $1.200M $1.302M $1.377M
YoY Change -18.63% -37.12%
Cash From Operating Activities -$4.824M -$24.56M -$9.190M
YoY Change -466.3% -171.85%
INVESTING ACTIVITIES
Capital Expenditures -$153.0K $298.0K -$872.0K
YoY Change -212.03% -52.09%
Acquisitions
YoY Change
Other Investing Activities -$5.338M -$44.64M $0.00
YoY Change -992.8% -100.0%
Cash From Investing Activities -$5.491M -$44.94M -$872.0K
YoY Change -1049.26% -52.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.112M -$5.272M -2.587M
YoY Change 7.42% -265.83%
NET CHANGE
Cash From Operating Activities -4.824M -$24.56M -9.190M
Cash From Investing Activities -5.491M -$44.94M -872.0K
Cash From Financing Activities -5.112M -$5.272M -2.587M
Net Change In Cash -15.43M -$74.77M -12.65M
YoY Change -1244.98% -200.95%
FREE CASH FLOW
Cash From Operating Activities -$4.824M -$24.56M -$9.190M
Capital Expenditures -$153.0K $298.0K -$872.0K
Free Cash Flow -$4.671M -$24.86M -$8.318M
YoY Change -456.6% -156.93%

Facts In Submission

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CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-23320000 usd
us-gaap Net Income Loss
NetIncomeLoss
-20036000 usd
us-gaap Net Income Loss
NetIncomeLoss
-34039000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
0 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-2000 usd
CY2022Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-122000 usd
CY2021Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
0 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-168000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-1000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-122000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
0 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-168000 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-3000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-122000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-168000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11679000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-23320000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-20204000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-34042000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
112004000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-11557000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7093000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
95000 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
36000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1747000 usd
CY2022Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
6895000 usd
CY2022Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-122000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
102401000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
136330000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-23320000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6575000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
104000 usd
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3000 usd
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4907000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
114785000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
112652000 usd
us-gaap Net Income Loss
NetIncomeLoss
-20036000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15276000 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
5061000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1424000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1747000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
13555000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-168000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
102401000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
133767000 usd
us-gaap Net Income Loss
NetIncomeLoss
-34039000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11446000 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
6562000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4439000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1697000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
9084000 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
-2000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
114785000 usd
us-gaap Net Income Loss
NetIncomeLoss
-20036000 usd
us-gaap Net Income Loss
NetIncomeLoss
-34039000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
21834000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
19949000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
9116000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2523000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3169000 usd
arlo Accounts Receivable Credit Loss Expense Reversal And Inventory Reserves Non Cash
AccountsReceivableCreditLossExpenseReversalAndInventoryReservesNonCash
120000 usd
arlo Accounts Receivable Credit Loss Expense Reversal And Inventory Reserves Non Cash
AccountsReceivableCreditLossExpenseReversalAndInventoryReservesNonCash
1085000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
133000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-115000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-89000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
3000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5498000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-25736000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
628000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-22652000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-767000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4782000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-6565000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-19189000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-16763000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-18802000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-16113000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-26073000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-29381000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-23466000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
451000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1066000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
59490000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 usd
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
9512000 usd
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
20000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-50429000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
18934000 usd
us-gaap Depreciation
Depreciation
3100000 usd
us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
3171000 usd
us-gaap Proceeds From Repayment Of Loans By Employee Stock Ownership Plans
ProceedsFromRepaymentOfLoansByEmployeeStockOwnershipPlans
6136000 usd
CY2022Q3 arlo Potential Goodwill Impairment
PotentialGoodwillImpairment
11000000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13555000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
9084000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10384000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2948000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-90194000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7480000 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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
89662000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
182811000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
333000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
549000 usd
arlo Numberof Geographic Regions
NumberofGeographicRegions
3 region
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
529000 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 six months ended July 3, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022 or any future period.
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
18054000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
49000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
18632000 usd
arlo Contractwith Customer Liability Increase Dueto Unsatisfied Performance Obligations
ContractwithCustomerLiabilityIncreaseDuetoUnsatisfiedPerformanceObligations
53400000 usd
arlo Contractwith Customer Liability Increase Dueto Unsatisfied Performance Obligations
ContractwithCustomerLiabilityIncreaseDuetoUnsatisfiedPerformanceObligations
39600000 usd
arlo Contract With Customer Liability Revenue Recognized Including Current Period
ContractWithCustomerLiabilityRevenueRecognizedIncludingCurrentPeriod
70100000 usd
arlo Contract With Customer Liability Revenue Recognized Including Current Period
ContractWithCustomerLiabilityRevenueRecognizedIncludingCurrentPeriod
45300000 usd
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
11900000 usd
us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
16100000 usd
arlo Numberof Geographic Regions
NumberofGeographicRegions
3 region
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
89662000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
179856000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
178698000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
85537000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
175749000 usd
CY2022Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4125000 usd
CY2021Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4107000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
186127000 usd
CY2021Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4113000 usd
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
4164000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
182811000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
190291000 usd
CY2022Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
74403000 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
79901000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
405000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
337000 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
73998000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
79564000 usd
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
536000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
405000 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
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
337000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
519000 usd
CY2022Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
66000 usd
CY2021Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
68000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 usd
CY2021Q2 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
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
405000 usd
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
536000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
38920000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
38618000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
31442000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
29023000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7478000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9595000 usd
CY2022Q3 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
2000000 usd
CY2021Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
2400000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
1200000 usd
us-gaap Depreciation
Depreciation
2500000 usd
CY2021Q2 us-gaap Depreciation
Depreciation
1600000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
11000000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
11000000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1432000 usd
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1565000 usd
CY2022Q3 arlo Sublease Assets Noncurrent
SubleaseAssetsNoncurrent
1708000 usd
CY2021Q4 arlo Sublease Assets Noncurrent
SubleaseAssetsNoncurrent
1471000 usd
CY2022Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
122000 usd
CY2021Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
122000 usd
CY2022Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1179000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1156000 usd
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4441000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4314000 usd
CY2022Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
27409000 usd
CY2021Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
31417000 usd
CY2022Q3 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
15386000 usd
CY2021Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
19960000 usd
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14218000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12367000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4584000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4609000 usd
CY2022Q3 arlo Accrued Freight Charges
AccruedFreightCharges
2424000 usd
CY2021Q4 arlo Accrued Freight Charges
AccruedFreightCharges
8086000 usd
CY2022Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1285000 usd
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1330000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
16919000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
19608000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
82225000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
97377000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
20000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
20000 usd
CY2022Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2022Q3 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2022Q3 us-gaap Derivative Assets
DerivativeAssets
20000 usd
CY2022Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
98571000 usd
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
72402000 usd
CY2021Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16251000 usd
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2779000 usd
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1004000 usd
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LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6091000 usd
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1891000 usd
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4200000 usd
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3501000 usd
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3761000 usd
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2066000 usd
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1806000 usd
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LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
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5942000 usd
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LesseeOperatingLeaseLiabilityPaymentsNetOfSubleasePaymentsDueAfterYearFour
2852000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
30745000 usd
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14856000 usd
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LesseeOperatingLeaseLiabilityPaymentsNetOfSubleasePaymentsDue
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LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4692000 usd
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26053000 usd
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P30D
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55700000 usd
CY2022Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1285000 usd
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ProductWarrantyAccrual
1805000 usd
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ProductWarrantyAccrual
1330000 usd
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1937000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1330000 usd
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2451000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
34000 usd
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StandardProductWarrantyAccrualPeriodIncreaseDecrease
-17000 usd
us-gaap Standard Product Warranty Accrual Period Increase Decrease
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113000 usd
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StandardProductWarrantyAccrualPeriodIncreaseDecrease
-386000 usd
CY2022Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
79000 usd
CY2021Q2 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
115000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
158000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
260000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.023
CY2022Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1285000 usd
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1805000 usd
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LossContingencyNewClaimsFiledNumber
6 claim
CY2021Q4 arlo Liability For Director And Officer Indemnification Agreements
LiabilityForDirectorAndOfficerIndemnificationAgreements
0 usd
CY2022Q3 arlo Liability For Director And Officer Indemnification Agreements
LiabilityForDirectorAndOfficerIndemnificationAgreements
0 usd
CY2022Q3 arlo Liability For Customers Distributors And Resellers Indemnification Agreements
LiabilityForCustomersDistributorsAndResellersIndemnificationAgreements
0 usd
CY2021Q4 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
CY2022Q3 arlo Liabilitiesforexecutivesemploymentagreements
Liabilitiesforexecutivesemploymentagreements
0 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12245000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11609000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21834000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19949000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-23320000 usd
us-gaap Net Income Loss
NetIncomeLoss
-20036000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.020
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 usd
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.007
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.010
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-11557000 usd
us-gaap Net Income Loss
NetIncomeLoss
-34039000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86868000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82134000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85966000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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81275000 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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0 shares
CY2021Q2 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
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86868000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82134000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85966000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81275000 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.42
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.42
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4812000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5989000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1476000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4650000 shares
us-gaap Number Of Reportable Segments
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1 segment
us-gaap Number Of Operating Segments
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1 segment
arlo Numberof Geographic Regions
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3 region
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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118979000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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RevenueFromContractWithCustomerIncludingAssessedTax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
181127000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7478000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9595000 usd

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