Arlo Technologies Inc
For the period ended Sep 29, 2024. Filed Nov 7, 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.
Sep 29, 2024 · Filed Nov 7, 2024
ARLO$12.32+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 29,2024 | October 1,2023 | |
| (In thousands) | ||
| Cash flows from operating activities: | ||
| Net loss | $(25,643) | $(22,728) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Stock-based compensation expense | 54,159 | 37,851 |
| Depreciation and amortization | 2,395 | 3,809 |
| Allowance for credit losses and non-cash changes to reserves | 2,930 | 1,218 |
| Deferred income taxes | (23) | 257 |
| Other | (2,493) | (1,224) |
| Changes in assets and liabilities: | ||
| Accounts receivable | (3,095) | (4,262) |
| Inventories | (16,609) | (8,250) |
| Prepaid expenses and other assets | (2,703) | (4,353) |
| Accounts payable | 38,159 | 31,049 |
| Deferred revenue | 6,714 | 6,202 |
| Accrued and other liabilities | (9,157) | (9,202) |
| Net cash provided by operating activities | 44,634 | 30,367 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (1,612) | (2,448) |
| Purchases of short-term investments | (145,955) | (110,905) |
| Proceeds from maturities of short-term investments | 158,796 | 67,259 |
| Net cash provided by (used in) investing activities | 11,229 | (46,094) |
| Cash flows from financing activities: | ||
| Proceeds related to employee benefit plans | 7,113 | 5,293 |
| Restricted stock unit withholdings | (42,943) | (22,533) |
| Net cash used in financing activities | (35,830) | (17,240) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 20,033 | (32,967) |
| Cash, cash equivalents, and restricted cash, at beginning of period | 60,653 | 88,179 |
| Cash, cash equivalents, and restricted cash, at end of period | $80,686 | $55,212 |
| Reconciliation of cash, cash equivalents, and restricted cash to Unaudited Condensed Consolidated Balance Sheets | ||
| Cash and cash equivalents | $77,032 | $51,133 |
| Restricted cash | 3,654 | 4,079 |
| Total cash, cash equivalents, and restricted cash | $80,686 | $55,212 |
| Supplemental cash flow information: | ||
| Non-cash investing activities: | ||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $647 | $726 |
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