ARLO Q1 2024 Earnings — Arlo Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARLOArlo Technologies, Inc.

$1B

Q1 2024 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$124M+11.9% YoY

Gross Profit

$47M38.1% margin

Operating Income

-$11M-8.5% margin

Net Income

-$10M-7.8% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

-8.1%

Cash Flow

Operating Cash Flow

$20M

Free Cash Flow

$19M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$290M

Total Liabilities

$190M

Stockholders' Equity

$100M

Cash & Equivalents

$62M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$124M	$111M	+11.9%
Gross Profit	$47M	$35M	+34.5%
Operating Income	-$11M	-$14M	+25.0%
Net Income	-$10M	-$14M	+32.3%

Revenue Segments

Product

$67M54%

Service

$57M46%

Geographic Segments

UNITED STATES

$54M44%

SPAIN

$40M33%

Other Countries

$16M13%

IRELAND

$13M11%