Arlo Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 01, 2023
November 09, 2023 at 04:30 pm EST
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Arlo Technologies, Inc. reported earnings results for the third quarter and nine months ended October 01, 2023. For the third quarter, the company reported revenue was USD 130 million compared to USD 128.16 million a year ago. Net loss was USD 1.12 million compared to USD 14.44 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.16 a year ago.
For the nine months, revenue was USD 356.08 million compared to USD 371.89 million a year ago. Net loss was USD 22.73 million compared to USD 34.47 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.4 a year ago.
Arlo Technologies, Inc. offers advanced home, business, and personal security services that combine a globally scaled cloud platform, advanced monitoring and analytics capabilities, and app-controlled devices to create a personalized security ecosystem. Its expertise in cloud services, cutting-edge artificial intelligence (AI) and computer vision analytics, wireless connectivity and intuitive user experience design delivers seamless, smart home security for its users. Its cloud-based platform provides users with visibility, insight and a powerful means to help protect and connect in real-time with the people and things that matter, from any location with a wireless fidelity or a cellular connection. Its products include Arlo Essential Cameras and Doorbells; Arlo Home Security System; Arlo Pro 5S; Arlo Go 2; Arlo Ultra 2; Arlo Floodlight Camera, and others. Its services, such as Arlo Secure, Arlo Total Security, Arlo Safe, and other services.
ARLO TECHNOLOGIES, INC. 
