ARLO Q1 2023 Earnings — Arlo Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARLOArlo Technologies, Inc.

$1B

Q1 2023 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$111M-11.0% YoY

Gross Profit

$35M31.7% margin

Operating Income

-$14M-12.7% margin

Net Income

-$14M-12.8% margin

EPS (Diluted)

$-0.16

QoQ Revenue Growth

-6.3%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

$9M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$257M

Total Liabilities

$171M

Stockholders' Equity

$86M

Cash & Equivalents

$67M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$111M	$125M	-11.0%
Gross Profit	$35M	$34M	+4.9%
Operating Income	-$14M	-$9M	-63.1%
Net Income	-$14M	-$8M	-68.0%

Revenue Segments

Product

$67M60%

Service

$44M40%

Geographic Segments

UNITED STATES

$56M50%

SPAIN

$39M35%

Other Countries

$12M11%

IRELAND

$5M4%