2023-03-07 21:02:38 ET
- Arlo Technologies press release ( NYSE: ARLO ): Q4 Non-GAAP EPS of -$0.04 beats by $0.06 .
- Revenue of $118.53M (-17.0% Y/Y) beats by $11.09M .
- Record Q4 service revenue of $38.3 million, for growth of 34.6% year over year.
- Ended the quarter with ARR of $137.8 million, growing 52.9% year over year.
- GAAP services gross margin of 69.1%; non-GAAP services gross margin of 69.7% in Q4.
- Added 189,000 paid accounts in Q4, a year over year decrease of 0.5%.
- GAAP gross profit of $32.0 million, an increase of 0.8% year over year; non-GAAP gross profit of $33.2 million, an increase of 1.6% year over year.
- GAAP gross margin of 27.0%; non-GAAP gross margin of 28.0%.
- Q1 2023 Outlook: Non-GAAP Revenue $100 - $110M, Non-GAAP EPS $(0.07) - $(0.01).
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Arlo Technologies Non-GAAP EPS of -$0.04 beats by $0.06, revenue of $118.53M beats by $11.09M