Arlo Technologies Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
ARLO$12.32+1.5%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Comprehensive Loss
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30,2024 | July 2,2023 | June 30,2024 | July 2,2023 | |
| (In thousands, except per share data) | ||||
| Revenue: | ||||
| Products | $67,186 | $64,749 | $134,679 | $131,809 |
| Services | 60,261 | 50,327 | 116,968 | 94,271 |
| Total revenue | 127,447 | 115,076 | 251,647 | 226,080 |
| Cost of revenue: | ||||
| Products | 66,036 | 60,446 | 129,260 | 124,487 |
| Services | 14,557 | 12,772 | 28,153 | 24,518 |
| Total cost of revenue | 80,593 | 73,218 | 157,413 | 149,005 |
| Gross profit | 46,854 | 41,858 | 94,234 | 77,075 |
| Operating expenses: | ||||
| Research and development | 19,561 | 17,618 | 40,354 | 35,368 |
| Sales and marketing | 17,698 | 16,921 | 35,068 | 32,274 |
| General and administrative | 21,430 | 15,007 | 40,778 | 30,629 |
| Others | 966 | 341 | 1,445 | 973 |
| Total operating expenses | 59,655 | 49,887 | 117,645 | 99,244 |
| Loss from operations | (12,801) | (8,029) | (23,411) | (22,169) |
| Interest income, net | 1,495 | 835 | 2,881 | 1,561 |
| Other income (loss), net | (18) | 52 | (43) | 13 |
| Loss before income taxes | (11,324) | (7,142) | (20,573) | (20,595) |
| Provision for income taxes | 236 | 221 | 631 | 1,013 |
| Net loss | $(11,560) | $(7,363) | $(21,204) | $(21,608) |
| Net loss per share: | ||||
| Basic and diluted | $(0.12) | $(0.08) | $(0.22) | $(0.24) |
| Weighted average shares used to compute net loss per share: | ||||
| Basic and diluted | 97,843 | 92,337 | 97,051 | 90,984 |
| Comprehensive loss: | ||||
| Net loss | $(11,560) | $(7,363) | $(21,204) | $(21,608) |
| Other comprehensive income (loss), net of tax | (89) | 131 | (129) | 259 |
| Total comprehensive loss | $(11,649) | $(7,232) | $(21,333) | $(21,349) |
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