Grufity logoGrufity logo

Arlo Technologies Inc Stock Research

ARLO

5.40USD-0.19(-3.40%)Market Closed

Market Summary

USD5.40-0.19
Market Closed
-3.40%

ARLO Alerts

ARLO Stock Price

ARLO RSI Chart

ARLO Valuation

Market Cap

480.0M

Price/Earnings (Trailing)

-8.48

Price/Sales (Trailing)

0.98

EV/EBITDA

-7.84

Price/Free Cashflow

-10.01

ARLO Price/Sales (Trailing)

ARLO Profitability

EBT Margin

-11.35%

Return on Equity

-64.57%

Return on Assets

-20.8%

Free Cashflow Yield

-9.99%

ARLO Fundamentals

ARLO Revenue

Revenue (TTM)

490.4M

Revenue Y/Y

-17.03%

Revenue Q/Q

-7.51%

ARLO Earnings

Earnings (TTM)

-56.6M

Earnings Y/Y

-226.19%

Earnings Q/Q

-53.48%

Price Action

52 Week Range

2.939.29
(Low)(High)

Last 7 days

-8.3%

Last 30 days

35%

Last 90 days

56.5%

Trailing 12 Months

-39.1%

ARLO Financial Health

Current Ratio

1.43

ARLO Investor Care

Shares Dilution (1Y)

5.25%

Diluted EPS (TTM)

-0.65

Peers (Alternatives to Arlo Tech)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
46.8B
12.6B
1.84% 4.56%
24.58
3.7
16.06% 19.58%
33.7B
5.4B
-1.89% -1.50%
30.02
6.23
9.69% 25.73%
27.8B
14.2B
-4.56% -12.29%
21.11
1.96
0.76% -30.95%
14.9B
5.8B
-5.29% -32.44%
30.01
2.57
2.74% -44.68%
11.2B
34.5B
1.15% 34.23%
11.44
0.32
15.08% 32.70%
MID-CAP
7.9B
1.2B
0.58% 9.22%
43.3
6.42
-0.48% -28.07%
5.6B
1.4B
-7.06% 1.26%
51.17
3.93
-2.14% -60.52%
4.1B
2.5B
-9.29% 4.95%
17.28
1.64
17.99% 35.28%
2.6B
4.1B
-2.85% 13.90%
16.63
0.64
21.81% 24.48%
SMALL-CAP
1.7B
1.2B
5.97% 19.01%
16.02
1.4
1.62% 24.63%
1.5B
764.7M
-3.32% -24.94%
-3.45
1.94
-11.91% -385.97%
796.8M
2.9B
-6.90% -9.54%
11.68
0.28
27.98% 90.74%
480.0M
490.4M
35.00% -39.12%
-8.48
0.98
12.70% -1.07%
433.5M
242.1M
-25.84% -46.63%
-7.94
1.79
-10.40% -83.96%
374.7M
-
-13.64% -48.18%
-7.06
0.22
-14.17% -22.90%

Financials for Arlo Tech

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-4.7%490,414,000514,748,000497,740,000477,332,000435,137,000
Gross Profit0.2%136,035,000135,781,000123,374,000115,803,000108,035,000
Operating Expenses8.7%192,914,000177,465,000166,233,000173,141,000168,173,000
  S&GA Expenses12.4%70,081,00062,331,00052,917,00050,870,00048,909,000
  R&D Expenses1.3%64,709,00063,896,00061,802,00060,651,00059,063,000
EBITDA-44.7%-50,484,000-34,885,000-35,815,000-47,366,000-
EBITDA Margin-51.9%-0.10-0.07-0.07-0.10-
Earnings Before Taxes-37.9%-55,651,000-40,366,000-41,252,000-53,079,000-55,352,000
EBT Margin-44.7%-0.11-0.08-0.08-0.11-
Interest Expenses269.4%399,000108,000-18,00011,000-
Net Income-37.2%-56,626,000-41,263,000-42,026,000-53,789,000-56,029,000
Net Income Margin-44.0%-0.12-0.08-0.08-0.11-
Free Cahsflow-81.2%-47,972,000-26,469,000-30,765,000-19,349,000-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-17.8%272331300312347
  Current Assets-20.0%233291257270304
    Cash Equivalents4.0%84.0081.0086.00101176
  Inventory-36.4%47.0073.0039.0037.0038.00
  Net PPE11.4%7.007.007.009.0010.00
  Goodwill0%11.0011.0011.0011.0011.00
Liabilities-21.1%185234197200235
  Current Liabilities-23.1%162211173177211
Shareholder's Equity-9.9%88.0097.00102112113
  Retained Earnings-6.9%-345-323-308-297-288
  Additional Paid-In Capital2.9%433421411409401
Accumulated Depreciation-0.1%31.0031.0030.0029.00-
Shares Outstanding0.5%89.0088.0088.0086.0084.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-81.5%-45.96-25.32-29.11-17.59-23.20
  Share Based Compensation14.7%48.0042.0040.0039.0038.00
Cashflow From Investing30.8%-31.77-45.91-51.63-41.4018.00
Cashflow From Financing0.6%-13.94-14.03-12.41-12.20-4.97

Risks for ARLO

What is the probability of a big loss on ARLO?

98.0%


Probability that Arlo Tech stock will be more than 20% underwater in next one year

91.8%


Probability that Arlo Tech stock will be more than 30% underwater in next one year.

66.1%


Probability that Arlo Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ARLO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Arlo Tech was unfortunately bought at previous high price.

Drawdowns

Returns for ARLO

Cumulative Returns on ARLO

43.4%


3-Year Cumulative Returns

Which funds bought or sold ARLO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.02
-20,830
65,170
-%
2023-03-06
Rockefeller Capital Management L.P.
added
42.7
1,000
10,000
-%
2023-02-28
Voya Investment Management LLC
added
90.04
159,973
524,973
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-24,000
77,000
-%
2023-02-21
KB FINANCIAL PARTNERS, LLC
added
16.31
-25,000
184,000
0.06%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
unchanged
-
-1,857
7,143
-%
2023-02-16
SkyView Investment Advisors, LLC
added
16.49
-26,000
194,000
0.06%
2023-02-16
HARBOUR INVESTMENTS, INC.
unchanged
-
-653
347
-%
2023-02-15
State of Tennessee, Treasury Department
added
27.31
-10,000
253,000
-%
2023-02-15
State of Wyoming
reduced
-10.94
-72,432
150,568
0.05%

1–10 of 48

Latest Funds Activity

Are funds buying ARLO calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own ARLO
No. of Funds

Arlo Tech News

POPSUGAR

17 Tech Gifts For the Person in Your Life With a Long Commute.

POPSUGAR,
5 days ago

Esquire

22 Travel Gifts for Men 2022.

Esquire,
3 months ago

Schedule 13G FIlings of Arlo Tech

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
primecap management co/ca/
5.48%
4,845,270
SC 13G/A
Feb 09, 2023
vanguard group inc
8.88%
7,851,933
SC 13G/A
Jan 26, 2023
blackrock inc.
15.5%
13,703,670
SC 13G/A
Jan 20, 2023
blackrock inc.
15.5%
13,703,670
SC 13G
Feb 10, 2022
primecap management co/ca/
6.26%
5,279,310
SC 13G/A
Feb 09, 2022
vanguard group inc
7.15%
6,026,244
SC 13G/A
Jan 27, 2022
blackrock inc.
14.9%
12,581,668
SC 13G/A
Jan 26, 2022
blackrock inc.
14.9%
12,581,668
SC 13G/A
Feb 12, 2021
primecap management co/ca/
6.34%
5,008,840
SC 13G/A
Feb 10, 2021
vanguard group inc
6.52%
5,151,121
SC 13G/A

ARLO Fair Value

Arlo Tech fair value in different scenarios

The table shows the Fair Value estimates for Arlo Tech for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

0.42

-92.22%

0.67

-87.59%

1.37

-74.63%

2.31

-57.22%

3.51

-35.00%
Current Inflation

0.41

-92.41%

0.65

-87.96%

1.26

-76.67%

2.09

-61.30%

3.14

-41.85%
Very High Inflation

0.40

-92.59%

0.61

-88.70%

1.13

-79.07%

1.82

-66.30%

2.69

-50.19%

Historical Arlo Tech Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Arlo Tech

View All Filings
Date Filed Form Type Document
Mar 13, 2023
8-K
Current Report
Mar 10, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 07, 2023
10-K
Annual Report
Mar 07, 2023
8-K
Current Report
Feb 16, 2023
4
Insider Trading
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for ARLO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-09
Rothstein Amy M
sold
-240,000
6.00
-40,000
-
2023-03-07
Busse Brian
acquired
-
-
48,872
general counsel
2023-03-07
Busse Brian
sold (taxes)
-60,333
3.57
-16,900
general counsel
2023-03-07
BINDER KURTIS JOSEPH
sold (taxes)
-40,537
3.57
-11,355
chief financial officer
2023-03-07
MCRAE MATTHEW BLAKE
sold (taxes)
-337,651
3.57
-94,580
ceo
2023-03-07
BINDER KURTIS JOSEPH
acquired
-
-
23,616
chief financial officer
2023-03-07
MCRAE MATTHEW BLAKE
acquired
-
-
197,994
ceo
2023-02-15
Summers Grady
bought
14,932
4.27
3,497
-
2023-02-05
MCRAE MATTHEW BLAKE
sold (taxes)
-164,169
4.32
-38,002
ceo
2023-02-05
Busse Brian
sold (taxes)
-23,254
4.32
-5,383
general counsel

1–10 of 50

Matthew McRae
350
Arlo Technologies, Inc., together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. It combines an intelligent cloud infrastructure and mobile app with various smart connected devices. The company offers Arlo essential indoor camera; Arlo Go 2 LTE/Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allows users to monitor their surroundings; and Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile security. It also provides Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision; Arlo Chime that pairs with the Arlo Video Doorbell to play a variety of ringtones or act as a siren; Arlo Ultra, an integrated spotlight and crystal-clear two-way audio with advanced noise cancellations camera; Arlo Pro 3, an integrated spotlight with color night vision camera; Arlo Video Doorbell delivers direct-to-mobile video calls and personalized alerts; Arlo Floodlight Camera, a wire-free variant LED camera, as well as Arlo Essential Spotlight; Arlo Ultra 2; Arlo Essential XL Spotlight; Arlo Essential Wire-Free Video Doorbell; and Arlo Pro 4 Wire-Free Spotlight. In addition, it provides Arlo accessories, such as charging accessories, device mounts, and device skins. Further, it offers Arlo app for iOS and Android devices that allow users to connect various devices; and Arlo Secure, with coverage for unlimited cameras and an enhanced emergency response solutions. The company offers its products through retailers, wholesale distributors, broadcast channels, wireless carriers, and security solution providers, as well as through its website. Arlo Technologies, Inc. was incorporated in 2018 and is headquartered in Carlsbad, California.

ARLO Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total revenue$ 490,414$ 435,137$ 357,154
Total cost of revenue354,379327,102301,765
Gross profit136,035108,03555,389
Operating expenses:   
Research and development64,70959,06360,137
Sales and marketing70,08148,90949,064
General and administrative55,93249,48951,096
Restructuring charges1,80500
Impairment charges09,1160
Others3871,596(44)
Total operating expenses192,914168,173160,253
Loss from operations(56,879)(60,138)(104,864)
Interest income92611802
Other income, net3024,7753,436
Loss before income taxes(55,651)(55,352)(100,626)
Provision for income taxes975677625
Net loss$ (56,626)$ (56,029)$ (101,251)
Net loss per share:   
Basic (in dollars per share)$ (0.65)$ (0.68)$ (1.30)
Diluted (in dollars per share)$ (0.65)$ (0.68)$ (1.30)
Weighted average shares used to compute net loss per share:   
Basic (in shares)87,17382,68878,084
Diluted (in shares)87,17382,68878,084
Comprehensive loss:   
Net loss$ (56,626)$ (56,029)$ (101,251)
Other comprehensive income (loss), net of tax(107)(3)5
Comprehensive Income (Loss), Net of Tax, Attributable to Parent, Total(56,733)(56,032)(101,246)
Products   
Total revenue353,935331,620284,868
Total cost of revenue308,692285,334263,905
Services   
Total revenue136,479103,51772,286
Total cost of revenue$ 45,687$ 41,768$ 37,860

ARLO Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 84,024$ 175,749
Short-term investments29,7000
Accounts receivable, net65,96079,564
Inventories46,55438,390
Prepaid expenses and other current assets6,5449,919
Total current assets232,782303,622
Property and equipment, net7,3369,595
Operating lease right-of-use assets, net12,80914,814
Goodwill11,03811,038
Restricted cash4,1554,107
Other non-current assets4,0814,314
Total assets272,201347,490
Current liabilities:  
Accounts payable52,13284,098
Deferred revenue11,29129,442
Accrued liabilities98,85597,389
Total current liabilities162,278210,929
Non-current operating lease liabilities19,27921,470
Other non-current liabilities2,9492,439
Total liabilities184,506234,838
Commitments and contingencies
Stockholders’ Equity:  
Preferred stock: $0.001 par value; 50,000,000 shares authorized; none issued or outstanding00
Common stock: $0.001 par value; 500,000,000 shares authorized; shares issued and outstanding: 88,887,139 at December 31, 2022 and 84,453,212 at December 31, 20218984
Additional paid-in capital433,138401,367
Accumulated other comprehensive loss(107)0
Accumulated deficit(345,425)(288,799)
Total stockholders’ equity87,695112,652
Total liabilities and stockholders’ equity$ 272,201$ 347,490