$ARLO
Arlo Technologies, Inc.

2024 Q3 Form 10-Q Financial Statement

#000173694624000035 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $137.7M $127.4M
YoY Change 19.63% 14.81%
Cost Of Revenue $89.25M $80.59M
YoY Change 21.9% 6.34%
Gross Profit $48.42M $46.85M
YoY Change 15.67% 33.04%
Gross Profit Margin 35.17% 36.76%
Selling, General & Admin $34.88M $39.13M
YoY Change 9.26% 26.32%
% of Gross Profit 72.05% 83.51%
Research & Development $17.56M $19.56M
YoY Change -0.32% 10.2%
% of Gross Profit 36.27% 41.75%
Depreciation & Amortization $700.0K $800.0K
YoY Change -41.67% -30.37%
% of Gross Profit 1.45% 1.71%
Operating Expenses $53.87M $59.66M
YoY Change 7.98% 20.86%
Operating Profit -$5.453M -$12.80M
YoY Change -32.08% -9.47%
Interest Expense $1.400M $1.495M
YoY Change 67.66% 105.92%
% of Operating Profit
Other Income/Expense, Net -$57.00K -$18.00K
YoY Change -209.62% -53.85%
Pretax Income -$4.110M -$11.32M
YoY Change -42.45% -15.83%
Income Tax $329.0K $236.0K
% Of Pretax Income
Net Earnings -$4.439M -$11.56M
YoY Change -39.71% -18.85%
Net Earnings / Revenue -3.22% -9.07%
Basic Earnings Per Share -$0.04 -$0.12
Diluted Earnings Per Share -$0.04 -$0.12
COMMON SHARES
Basic Shares Outstanding 99.94M shares 97.58M shares
Diluted Shares Outstanding 99.73M shares 97.84M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $146.6M $144.0M
YoY Change 18.52% 21.35%
Cash & Equivalents $77.03M $62.93M
Short-Term Investments $69.54M $81.08M
Other Short-Term Assets $12.42M $12.25M
YoY Change 0.86% 65.25%
Inventory $51.98M $45.23M
Prepaid Expenses
Receivables $68.57M $61.75M
Other Receivables $0.00 $0.00
Total Short-Term Assets $279.5M $263.2M
YoY Change 20.1% 20.28%
LONG-TERM ASSETS
Property, Plant & Equipment $4.436M $3.771M
YoY Change -30.91% -46.55%
Goodwill $11.04M $11.04M
YoY Change 0.0% 0.35%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.197M $3.900M
YoY Change 13.77% -2.08%
Total Long-Term Assets $32.84M $32.58M
YoY Change -9.48% -14.81%
TOTAL ASSETS
Total Short-Term Assets $279.5M $263.2M
Total Long-Term Assets $32.84M $32.58M
Total Assets $312.4M $295.8M
YoY Change 16.12% 15.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $93.75M $74.08M
YoY Change 53.13% 60.94%
Accrued Expenses $78.93M $80.02M
YoY Change -10.52% -9.29%
Deferred Revenue $24.60M $23.51M
YoY Change 39.44% 54.89%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $197.3M $177.6M
YoY Change 18.07% 18.87%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.713M $3.526M
YoY Change 21.86% 8.76%
Total Long-Term Liabilities $3.713M $3.526M
YoY Change 21.86% 8.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $197.3M $177.6M
Total Long-Term Liabilities $3.713M $3.526M
Total Liabilities $215.5M $196.5M
YoY Change 15.06% 15.05%
SHAREHOLDERS EQUITY
Retained Earnings -$393.1M -$388.7M
YoY Change 7.1% 8.06%
Common Stock $100.0K $98.00K
YoY Change 6.38% 7.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $96.91M $99.27M
YoY Change
Total Liabilities & Shareholders Equity $312.4M $295.8M
YoY Change 16.12% 15.06%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$4.439M -$11.56M
YoY Change -39.71% -18.85%
Depreciation, Depletion And Amortization $700.0K $800.0K
YoY Change -41.67% -30.37%
Cash From Operating Activities $18.37M $6.462M
YoY Change 46.01% -37.44%
INVESTING ACTIVITIES
Capital Expenditures $961.0K $295.0K
YoY Change -6.79% -68.04%
Acquisitions
YoY Change
Other Investing Activities $12.46M $467.0K
YoY Change -231.87% -102.15%
Cash From Investing Activities $11.50M $172.0K
YoY Change -209.73% -100.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.73M -6.319M
YoY Change 116.65% 34.7%
NET CHANGE
Cash From Operating Activities 18.37M 6.462M
Cash From Investing Activities 11.50M 172.0K
Cash From Financing Activities -15.73M -6.319M
Net Change In Cash 14.13M 315.0K
YoY Change -373.97% -101.85%
FREE CASH FLOW
Cash From Operating Activities $18.37M $6.462M
Capital Expenditures $961.0K $295.0K
Free Cash Flow $17.41M $6.167M
YoY Change 50.72% -34.44%

Facts In Submission

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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2024Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2024Q2 arlo Property Plant And Equipment Net And Operating Lease Right Of Use Asset
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CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2023Q4 us-gaap Accrued Sales Commission Current
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CY2023Q4 arlo Cloud And Other Costs Current
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CY2023Q4 us-gaap Accrued Liabilities Current
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0001736946-24-000035-index.html Edgar Link pending
0001736946-24-000035.txt Edgar Link pending
0001736946-24-000035-xbrl.zip Edgar Link pending
arlo-20240630.htm Edgar Link pending
arlo-20240630.xsd Edgar Link pending
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