ARLO Q2 2024 Earnings — Arlo Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARLOArlo Technologies, Inc.

$1B

Q2 2024 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$127M+10.8% YoY

Gross Profit

$47M36.8% margin

Operating Income

-$13M-10.0% margin

Net Income

-$12M-9.1% margin

EPS (Diluted)

$-0.12

QoQ Revenue Growth

+2.6%

Cash Flow

Operating Cash Flow

$6M

Free Cash Flow

$6M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$296M

Total Liabilities

$197M

Stockholders' Equity

$99M

Cash & Equivalents

$63M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$127M	$115M	+10.8%
Gross Profit	$47M	$42M	+11.9%
Operating Income	-$13M	-$8M	-59.4%
Net Income	-$12M	-$7M	-57.0%

Revenue Segments

Product

$67M53%

Service

$60M47%

Geographic Segments

UNITED STATES

$63M50%

SPAIN

$36M28%

Other Countries

$16M13%

IRELAND

$12M10%