NYSE$ARLO

Arlo Technologies Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Arlo's Q1 2020 results were reported, revealing a revenue increase and significant paid account growth.

Arlo Technologies reported a 13.1% year-over-year increase in revenue, reaching $65.5 million. The company experienced significant growth in paid subscribers and service revenue, reflecting a shift towards a new business model. However, GAAP net loss per diluted share was $(0.51), and non-GAAP net loss per diluted share was $(0.34).

  • Revenue increased by 13.1% year over year, reaching $65.5 million.
  • Service revenue grew by 30.7% year over year, totaling $14.7 million.
  • Paid accounts increased by 57.4% year over year.
  • A record 25,000 paid subscribers were added during the quarter.

Headline financials

Total Revenue

$65.5M

Previous: $57.9M+13.1%
EPS (adj)

-$0.34

Previous: -$0.47+27.7%
Paid Accounts

255.0K

Previous: 162.0K+57.4%
Capital Expenditures

-$1.11M

Previous: -$4.26M+73.9%
Free Cash Flow

-$40.4M

Previous: -$45.5M+11.2%
Net Income

-$39.3M

Previous: -$41.3M+4.7%
Operating Income

-$40.9M

Previous: -$41.9M+2.3%
Gross Profit

$3.95M

Previous: $1.95M+103.2%
Cash & Equivalents

$176M

Previous: $136M+30.1%
Total Assets

$410M

Previous: $480M-14.6%
Stock-Based Comp

$12.8M

Previous: $4.65M+174.5%

Revenue & EPS history

Arlo · Revenue · Quarterly

$65.5M

Q1 2020+13.1%vs Q1 2019
Beat estimate in 0 of 10 quarters(0%)
ActualEstimate

Revenue by segment

Arlo · $50.7M total across 1 segment · Q1 2020

  • Products
    $50.7M

Forward guidance

Arlo expects revenue between $50.0 million and $60.0 million for the second quarter of 2020. GAAP net loss per diluted share is expected to be between $(0.53) and $(0.46), while non-GAAP net loss per diluted share is expected to be between $(0.46) and $(0.39). Full year guidance was withdrawn due to COVID-19.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.4%

Avg return

Earnings day

-1.4%

Avg return

5 days after

-2.5%

Avg return

30 days after

49%

17 / 35 earnings

Positive

+48.1%

Q4 2022

Best reaction

-46.2%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%-11.1%-12.2%
Q4 2025+26.8%+21.9%+9.1%
Q3 2025-12.3%-8.0%-14.3%
Q1 2025+16.9%+29.1%+57.7%
Q3 2024+1.3%-0.4%+8.1%
Q2 2024-10.7%-8.8%-13.6%
Q1 2024-19.6%-19.5%-5.8%
Q4 2023+18.8%+9.7%+27.0%
Q3 2023-9.8%-3.7%+3.1%
Q2 2023+7.3%+1.2%+2.6%
Q1 2023+26.2%+29.3%+27.8%
Q4 2022+48.1%+55.0%+80.1%
Q3 2022-29.6%-17.4%-27.3%
Q2 2022+1.7%-5.1%-23.4%
Q1 2022-5.3%-3.4%+1.9%
Q4 2021+20.6%+16.1%-4.5%
Q3 2021+11.5%+11.7%+33.1%
Q2 2021-2.6%-1.8%+1.6%
Q1 2021+8.6%+1.3%+9.7%
Q4 2020+6.2%-1.7%+3.0%
Q3 2020+6.8%+2.3%+50.0%
Q2 2020+22.1%+15.2%+2.1%
Q1 2020-10.8%-13.9%-3.5%
Q4 2019+17.3%-3.8%-48.4%
Q3 2019-16.2%-13.6%-3.2%
Q2 2019-21.5%-21.5%-16.9%
Q1 2019+5.6%+3.8%-7.6%
Q4 2016-1.7%+1.5%+0.7%
Q4 2018-46.2%-49.0%-39.2%
Q3 2017-6.7%-0.9%-13.0%
Q3 2018-9.6%-10.4%-11.9%
Q2 2018-8.1%-13.1%-40.4%
Q4 2017-8.1%-13.1%-40.4%
Q2 2017-8.1%-13.1%-40.4%
Q1 2018-8.1%-13.1%-40.4%
Q1 2017

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