- Q3 revenue came in over 20% above expectations as the company inches towards profitability.
- Arlo's new business model approach has seen ~50% upsell success rates, nearly 10x than their legacy approach.
- Their Apple sales channel could prove to be highly successful as Apple has a significant reach to consumers interested in top of the line technology products and services.
- Over time, the company's valuation could expand from the current ~1x forward revenue as Arlo's mix shifts more towards subscription revenue.
For further details see:
Arlo: New Business Model Should Provide Q4 And 2021 Upside