===Arlo Technologies (ARLO) reported earnings on Tue 7 March 23 (a/h)

 

Arlo Technologies beats by $0.06, beats on revs; guides Q1 EPS mostly above consensus, revs above consensus

• Reports Q4 (Dec) loss of $(0.04) per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $(0.10); revenues fell 17.0% year/year to $118.53 mln vs the $107.44 mln S&P Capital IQ Consensus.
  • Ended the quarter with ARR of $137.8 million, growing 52.9% year over year.
  • Added 189,000 paid accounts in Q4, a year over year decrease of 0.5%.
• Co issues guidance for Q1, sees EPS of $(0.07)-$(0.01), excluding non-recurring items, vs. ($0.07) S&P Capital IQ Consensus; sees Q1 revs of $100-110 mln vs. $94.71 mln S&P Capital IQ Consensus.