ARLO Q3 2023 Earnings — Arlo Technologies, Inc. Revenue & Financial Results | Market Cap Arena

ARLOArlo Technologies, Inc.

$1B

Q3 2023 Earnings

Industrials Security & Protection Services

Income Statement

Revenue

$130M+1.4% YoY

Gross Profit

$43M33.2% margin

Operating Income

-$2M-1.8% margin

Net Income

-$1M-0.9% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+13.0%

Cash Flow

Operating Cash Flow

$7M

Free Cash Flow

$7M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$298M

Total Liabilities

$207M

Stockholders' Equity

$90M

Cash & Equivalents

$51M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$130M	$128M	+1.4%
Gross Profit	$43M	$37M	+17.4%
Operating Income	-$2M	-$14M	+84.2%
Net Income	-$1M	-$14M	+92.2%

Revenue Segments

Product

$79M61%

Service

$51M39%

Geographic Segments

UNITED STATES

$80M61%

SPAIN

$33M25%

Other Countries

$14M11%

IRELAND

$4M3%