ARLO Q2 2023 Earnings — Arlo Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARLOArlo Technologies, Inc.

$1B

Q2 2023 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$115M-3.3% YoY

Gross Profit

$42M36.4% margin

Operating Income

-$8M-7.0% margin

Net Income

-$7M-6.4% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

+3.7%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$12M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$269M

Total Liabilities

$187M

Stockholders' Equity

$82M

Cash & Equivalents

$62M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$115M	$119M	-3.3%
Gross Profit	$42M	$34M	+24.1%
Operating Income	-$8M	-$11M	+29.2%
Net Income	-$7M	-$12M	+36.3%

Revenue Segments

Product

$65M56%

Service

$50M44%

Geographic Segments

UNITED STATES

$78M68%

SPAIN

$20M17%

Other Countries

$13M12%

IRELAND

$4M4%