NYSE$ARLO

Arlo Technologies Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Arlo reported results for the fourth quarter and full year ended December 31, 2019.

Arlo Technologies reported fourth-quarter revenue of $122.4 million, a 0.2% increase year-over-year, and GAAP net income per diluted share of $0.26. The company closed its strategic partnership with Verisure and launched the Arlo SmartCloud platform.

  • Fourth quarter revenue increased by 0.2% year over year.
  • GAAP net income per diluted share was $0.26 for the fourth quarter.
  • The company closed a strategic partnership with Verisure.
  • Arlo launched Arlo SmartCloud, a SaaS version of their Arlo Smart service platform.

Headline financials

Total Revenue

$122M

Previous: $129M-5.3%
EPS (adj)

-$0.26

Previous: -$0.33+21.2%
Capital Expenditures

$1.64M

Previous: $10.8M-84.8%
Free Cash Flow

$50.2M

Previous: $17.8M+182.1%
Net Income

$19.6M

Previous: -$32M+161.4%
Operating Income

$21.8M

Previous: -$32.5M+167.1%
Gross Profit

$13.7M

Previous: $12.1M+13.4%
Cash & Equivalents

$237M

Previous: $151M+56.4%
Total Assets

$543M

Previous: $596M-8.9%
Stock-Based Comp

$7.63M

Previous: $3.5M+118.4%

Revenue & EPS history

Arlo · Revenue · Quarterly

$122M

Q4 2019-5.3%vs Q4 2018
Beat estimate in 0 of 9 quarters(0%)
ActualEstimate

Revenue by segment

Arlo · $79M total across 1 segment · Q3 2023

  • Products
    $79M-14.8%

Forward guidance

Arlo expects Q1 2020 revenue to be between $60.0 million and $70.0 million, GAAP gross margin between 6.1% and 9.4%, and GAAP net loss per diluted share of $(0.44) to $(0.47).

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 Q4 2019

Historical avgQ4 2019

+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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