Arlo Technologies Inc

NYSE:ARLOUnited States

Nov 7, 2024

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• -- Earnings Flash (ARLO) ARLO TECHNOLOGIES Reports Q3 EPS $0.11, from 4:20PM ET on Thursday Nov 07, 2024 by MT Newswires

  4:20PM ET on Thursday Nov 07, 2024 by MT Newswires
  Companies Mentioned: ARLO
  04:20 PM EST, 11/07/2024 (MT Newswires) -- ...

• -- Earnings Flash (ARLO) ARLO TECHNOLOGIES Posts Q3 Revenue $137.7M, from 4:20PM ET on Thursday Nov 07, 2024 by MT Newswires

  4:20PM ET on Thursday Nov 07, 2024 by MT Newswires
  Companies Mentioned: ARLO
  04:20 PM EST, 11/07/2024 (MT Newswires) -- ...

• -- GUIDANCE: (ARLO) ARLO TECHNOLOGIES Sees Q4 Revenue Range $116M - $126M, from 4:20PM ET on Thursday Nov 07, 2024 by MT Newswires

  4:20PM ET on Thursday Nov 07, 2024 by MT Newswires
  Companies Mentioned: ARLO
  04:20 PM EST, 11/07/2024 (MT Newswires) -- ...

• Arlo Reports Third Quarter 2024 Results, from 4:05PM ET on Thursday Nov 07, 2024 by Dow Jones

  4:05PM ET on Thursday Nov 07, 2024 by Dow Jones
  Companies Mentioned: ARLO
  Inventory turns 5.8 5.8 5.7 7.6 5.5 Weeks of channel inventory: U.S. retail channel 14.2 14.8 12.9 11.1 10.9 U.S. distribution channel 7.1 12.5 11.4 20.5 7.4 APAC distribution channel 7.5 3.9 6.4 3.9 7.2 Deferred revenue (current and non-current) $ 24,827 $ 23,695 $ 21,540 $ 18,114 $ 17,706 Cumulative registered accounts (1) 10,383 9,987 9,173 8,652 8,193 Cumulative paid accounts (2) 4,235 3,980 3,235 2,813 2,486 Annual recurring revenue (ARR) (3) $ 241,572 $234,981 $226,968 $ 210,078 $ 199,993 Headcount 355 362 373 363 353 Non-GAAP diluted shares 107,294 106,127 103,803 101,938 102,116 (1) We define our registered accounts at the end of a particular period as the number of unique registered accounts on the Arlo platform as of the end of such period. The number of registered accounts does not necessarily reflect the number of end-users on the Arlo platform as one registered account may be used by multiple end-users to monitor the devices attached to that household. (2) Paid accounts are defined as any account worldwide where a subscription to a paid service is being collected (either by us or by our customers or channel partners, including Verisure). (3) In the first fiscal quarter of 2024, we changed the methodology on paid service revenue recognition from a mid-month convention to a daily recognition model which recognizes paid service revenue based on the number of service days within the fiscal reporting period, commencing on the start date of the subscription and continuing over the term of the arrangement. Accordingly, the methodology used to calculate ARR was also changed as of March 31, 2024 and is now calculated by taking the average daily paid service revenue of the last calendar month in the fiscal quarter, multiplied by 365 days. We believe the daily recognition model aligns with our customers' subscription period and service usage and allows for a more precise measurement of paid service revenue relative to the former methodology of a mid-month convention, which was based on paid service revenue for the last calendar month in the fiscal quarter, multiplied by 12 months. This change in calculation methodology has no material impact on our financial statements or any previously reported ARR numbers.