2023-05-11 16:17:13 ET
- Arlo Technologies press release ( NYSE: ARLO ): Q1 Non-GAAP EPS of $0.01 beats by $0.06 .
- Revenue of $111M (-11.0% Y/Y) beats by $6.09M .
- Ended the quarter with ARR of $182.6 million, growing 80.2% year over year.
- Added 182,000 paid accounts in Q1, ending cumulative paid accounts over 2.0 million, growing 60.7% year over year
- Ending cash and cash equivalents and short-term investments balance of $118.7 million, with free cash flow margin of 8.5% in Q1.
- Q2 Outlook: Non-GAAP Revenue $105 - $115M, Non-GAAP EPS $0.01 - $0.07.
- Shares +9.22% .
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Arlo Technologies Non-GAAP EPS of $0.01 beats by $0.06, revenue of $111M beats by $6.09M