(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||||||||
(Address of principal executive offices) | (Zip Code) |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Emerging growth company |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. |
Exhibit Number | Description | |||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
ARLO TECHNOLOGIES, INC. | ||
Registrant | ||
/s/ KURTIS BINDER | ||
Kurtis Binder | ||
Chief Financial Officer |
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||
July 2, 2023 | April 2, 2023 | July 3, 2022 | July 2, 2023 | July 3, 2022 | |||||||||||||||||||||||||
(In thousands, except percentage and per share data) | |||||||||||||||||||||||||||||
Revenue | $ | 115,076 | $ | 111,004 | $ | 118,979 | $ | 226,080 | $ | 243,730 | |||||||||||||||||||
GAAP Gross Margin | 36.4 | % | 31.7 | % | 28.4 | % | 34.1 | % | 27.6 | % | |||||||||||||||||||
Non-GAAP Gross Margin (2) | 37.3 | % | 32.6 | % | 29.5 | % | 35.0 | % | 28.5 | % | |||||||||||||||||||
GAAP Net Loss per Share | $ | (0.08) | $ | (0.16) | $ | (0.13) | $ | (0.24) | $ | (0.23) | |||||||||||||||||||
Non-GAAP Net Income per Diluted Share (2) | $ | 0.06 | $ | 0.01 | $ | 0.01 | $ | 0.07 | $ | 0.02 |
Three Months Ended October 1, 2023 | |||||||||||
Revenue | Net Income (Loss) per Diluted Share | ||||||||||
(In millions, except per share data) | |||||||||||
GAAP | $122 - $132 | $(0.07) - $(0.01) | |||||||||
Estimated adjustment for stock-based compensation and other expense | — | 0.11 | |||||||||
Non-GAAP | $122 - $132 | $0.04 - $0.10 |
ARLO TECHNOLOGIES, INC. | ||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
As of | |||||||||||
July 2, 2023 | December 31, 2022 | ||||||||||
(In thousands, except share and per share data) | |||||||||||
ASSETS | |||||||||||
Current assets: | |||||||||||
Cash and cash equivalents | $ | 61,951 | $ | 84,024 | |||||||
Short-term investments | 61,724 | 29,700 | |||||||||
Accounts receivable, net | 57,327 | 65,960 | |||||||||
Inventories | 39,429 | 46,554 | |||||||||
Prepaid expenses and other current assets | 12,318 | 6,544 | |||||||||
Total current assets | 232,749 | 232,782 | |||||||||
Property and equipment, net | 6,421 | 7,336 | |||||||||
Operating lease right-of-use assets, net | 11,089 | 12,809 | |||||||||
Goodwill | 11,038 | 11,038 | |||||||||
Restricted cash | 4,035 | 4,155 | |||||||||
Other non-current assets | 3,689 | 4,081 | |||||||||
Total assets | $ | 269,021 | $ | 272,201 | |||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||||
Current liabilities: | |||||||||||
Accounts payable | $ | 61,221 | $ | 52,132 | |||||||
Deferred revenue | 17,639 | 11,291 | |||||||||
Accrued liabilities | 88,217 | 98,855 | |||||||||
Total current liabilities | 167,077 | 162,278 | |||||||||
Non-current operating lease liabilities | 17,141 | 19,279 | |||||||||
Other non-current liabilities | 3,047 | 2,949 | |||||||||
Total liabilities | 187,265 | 184,506 | |||||||||
Commitments and contingencies | |||||||||||
Stockholders’ Equity: | |||||||||||
Preferred stock: $0.001 par value; 50,000,000 shares authorized; none issued or outstanding | — | — | |||||||||
Common stock: $0.001 par value; 500,000,000 shares authorized; shares issued and outstanding: 93,653,934 at July 2, 2023 and 88,887,139 at December 31, 2022 | 94 | 89 | |||||||||
Additional paid-in capital | 448,543 | 433,138 | |||||||||
Accumulated other comprehensive income (loss) | 152 | (107) | |||||||||
Accumulated deficit | (367,033) | (345,425) | |||||||||
Total stockholders’ equity | 81,756 | 87,695 | |||||||||
Total liabilities and stockholders’ equity | $ | 269,021 | $ | 272,201 |
ARLO TECHNOLOGIES, INC. | ||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||
July 2, 2023 | April 2, 2023 | July 3, 2022 | July 2, 2023 | July 3, 2022 | |||||||||||||||||||||||||
(In thousands, except percentage and per share data) | |||||||||||||||||||||||||||||
Revenue: | |||||||||||||||||||||||||||||
Products | $ | 64,749 | $ | 67,060 | $ | 86,191 | $ | 131,809 | $ | 181,016 | |||||||||||||||||||
Services | 50,327 | 43,944 | 32,788 | 94,271 | 62,714 | ||||||||||||||||||||||||
Total revenue | 115,076 | 111,004 | 118,979 | 226,080 | 243,730 | ||||||||||||||||||||||||
Cost of revenue: | |||||||||||||||||||||||||||||
Products | 60,446 | 64,041 | 73,829 | 124,487 | 154,606 | ||||||||||||||||||||||||
Services | 12,772 | 11,746 | 11,410 | 24,518 | 21,809 | ||||||||||||||||||||||||
Total cost of revenue | 73,218 | 75,787 | 85,239 | 149,005 | 176,415 | ||||||||||||||||||||||||
Gross profit | 41,858 | 35,217 | 33,740 | 77,075 | 67,315 | ||||||||||||||||||||||||
Gross margin | 36.4 | % | 31.7 | % | 28.4 | % | 34.1 | % | 27.6 | % | |||||||||||||||||||
Operating expenses: | |||||||||||||||||||||||||||||
Research and development | 17,618 | 17,750 | 17,402 | 35,368 | 33,781 | ||||||||||||||||||||||||
Sales and marketing | 16,921 | 15,353 | 14,506 | 32,274 | 27,674 | ||||||||||||||||||||||||
General and administrative | 15,007 | 15,622 | 13,149 | 30,629 | 25,770 | ||||||||||||||||||||||||
Others | 341 | 632 | 25 | 973 | 104 | ||||||||||||||||||||||||
Total operating expenses | 49,887 | 49,357 | 45,082 | 99,244 | 87,329 | ||||||||||||||||||||||||
Loss from operations | (8,029) | (14,140) | (11,342) | (22,169) | (20,014) | ||||||||||||||||||||||||
Operating margin | (7.0) | % | (12.7) | % | (9.5) | % | (9.8) | % | (8.2) | % | |||||||||||||||||||
Interest income, net | 835 | 726 | 129 | 1,561 | 124 | ||||||||||||||||||||||||
Other income (expense), net | 52 | (39) | (116) | 13 | 295 | ||||||||||||||||||||||||
Loss before income taxes | (7,142) | (13,453) | (11,329) | (20,595) | (19,595) | ||||||||||||||||||||||||
Provision for income taxes | 221 | 792 | 228 | 1,013 | 441 | ||||||||||||||||||||||||
Net loss | $ | (7,363) | $ | (14,245) | $ | (11,557) | $ | (21,608) | $ | (20,036) | |||||||||||||||||||
Net loss per share - basic and diluted | $ | (0.08) | $ | (0.16) | $ | (0.13) | $ | (0.24) | $ | (0.23) | |||||||||||||||||||
Weighted average shares used to compute net loss per share - basic and diluted | 92,337 | 89,653 | 86,868 | 90,984 | 85,966 | ||||||||||||||||||||||||
ARLO TECHNOLOGIES, INC. | ||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
Six Months Ended | |||||||||||
July 2, 2023 | July 3, 2022 | ||||||||||
(In thousands) | |||||||||||
Cash flows from operating activities: | |||||||||||
Net loss | $ | (21,608) | $ | (20,036) | |||||||
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||||||||||
Stock-based compensation expense | 27,564 | 21,834 | |||||||||
Depreciation and amortization | 2,353 | 2,523 | |||||||||
Allowance for credit losses and inventory reserves | 613 | (120) | |||||||||
Deferred income taxes | 243 | 133 | |||||||||
Others | (567) | 89 | |||||||||
Changes in assets and liabilities: | |||||||||||
Accounts receivable, net | 8,734 | 5,498 | |||||||||
Inventories | 6,411 | (628) | |||||||||
Prepaid expenses and other assets | (5,624) | 767 | |||||||||
Accounts payable | 9,836 | (6,565) | |||||||||
Deferred revenue | 6,198 | (16,763) | |||||||||
Accrued and other liabilities | (11,245) | (16,113) | |||||||||
Net cash provided by (used in) operating activities | 22,908 | (29,381) | |||||||||
Cash flows from investing activities: | |||||||||||
Purchases of property and equipment | (1,954) | (451) | |||||||||
Purchases of short-term investments | (61,152) | (59,490) | |||||||||
Proceeds from maturities of short-term investments | 29,956 | 9,512 | |||||||||
Net cash used in investing activities | (33,150) | (50,429) | |||||||||
Cash flows from financing activities: | |||||||||||
Proceeds related to employee benefit plans | 4,611 | 3,171 | |||||||||
Restricted stock unit withholdings | (16,562) | (13,555) | |||||||||
Net cash used in financing activities | (11,951) | (10,384) | |||||||||
Net decrease in cash, cash equivalents and restricted cash | (22,193) | (90,194) | |||||||||
Cash, cash equivalents and restricted cash, at beginning of period | 88,179 | 179,856 | |||||||||
Cash, cash equivalents and restricted cash, at end of period | $ | 65,986 | $ | 89,662 | |||||||
Non-cash investing activities: | |||||||||||
Purchases of property and equipment included in accounts payable and accrued liabilities | $ | 433 | $ | 333 | |||||||
ARLO TECHNOLOGIES, INC. | ||
RECONCILIATIONS OF GAAP MEASURES TO NON-GAAP MEASURES |
UNAUDITED STATEMENT OF OPERATIONS DATA: | |||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||
July 2, 2023 | April 2, 2023 | July 3, 2022 | July 2, 2023 | July 3, 2022 | |||||||||||||||||||||||||
(In thousands, except percentage data) | |||||||||||||||||||||||||||||
GAAP gross profit: | |||||||||||||||||||||||||||||
Products | $ | 4,303 | $ | 3,019 | $ | 12,362 | $ | 7,322 | $ | 26,410 | |||||||||||||||||||
Services | 37,555 | 32,198 | 21,378 | 69,753 | 40,905 | ||||||||||||||||||||||||
Total GAAP gross profit | 41,858 | 35,217 | 33,740 | 77,075 | 67,315 | ||||||||||||||||||||||||
GAAP gross margin: | |||||||||||||||||||||||||||||
Products | 6.6 | % | 4.5 | % | 14.3 | % | 5.6 | % | 14.6 | % | |||||||||||||||||||
Services | 74.6 | % | 73.3 | % | 65.2 | % | 74.0 | % | 65.2 | % | |||||||||||||||||||
Total GAAP gross margin | 36.4 | % | 31.7 | % | 28.4 | % | 34.1 | % | 27.6 | % | |||||||||||||||||||
Stock-based compensation expense - Products | 848 | 912 | 1,148 | 1,760 | 2,003 | ||||||||||||||||||||||||
Stock-based compensation expense - Services | 119 | (51) | 187 | 68 | 242 | ||||||||||||||||||||||||
Amortization of development of software cost - Services | 151 | 151 | — | 302 | — | ||||||||||||||||||||||||
Non-GAAP gross profit: | |||||||||||||||||||||||||||||
Products | 5,151 | 3,931 | 13,510 | 9,082 | 28,413 | ||||||||||||||||||||||||
Services | 37,825 | 32,298 | 21,565 | 70,123 | 41,147 | ||||||||||||||||||||||||
Total Non-GAAP gross profit | $ | 42,976 | $ | 36,229 | $ | 35,075 | $ | 79,205 | $ | 69,560 | |||||||||||||||||||
Non-GAAP gross margin: | |||||||||||||||||||||||||||||
Products | 8.0 | % | 5.9 | % | 15.7 | % | 6.9 | % | 15.7 | % | |||||||||||||||||||
Services | 75.2 | % | 73.5 | % | 65.8 | % | 74.4 | % | 65.6 | % | |||||||||||||||||||
Total Non-GAAP gross margin | 37.3 | % | 32.6 | % | 29.5 | % | 35.0 | % | 28.5 | % | |||||||||||||||||||
GAAP research and development | $ | 17,618 | $ | 17,750 | $ | 17,402 | $ | 35,368 | $ | 33,781 | |||||||||||||||||||
Stock-based compensation expense | (3,311) | (3,911) | (3,621) | (7,222) | (5,923) | ||||||||||||||||||||||||
Non-GAAP research and development | $ | 14,307 | $ | 13,839 | $ | 13,781 | $ | 28,146 | $ | 27,858 | |||||||||||||||||||
Percentage of revenue | 12.4 | % | 12.5 | % | 11.6 | % | 12.4 | % | 11.4 | % | |||||||||||||||||||
GAAP sales and marketing | $ | 16,921 | $ | 15,353 | $ | 14,506 | $ | 32,274 | $ | 27,674 | |||||||||||||||||||
Stock-based compensation expense | (1,670) | (1,722) | (1,790) | (3,392) | (3,170) | ||||||||||||||||||||||||
Non-GAAP sales and marketing | $ | 15,251 | $ | 13,631 | $ | 12,716 | $ | 28,882 | $ | 24,504 | |||||||||||||||||||
Percentage of revenue | 13.3 | % | 12.3 | % | 10.7 | % | 12.8 | % | 10.1 | % | |||||||||||||||||||
GAAP general and administrative | $ | 15,007 | $ | 15,622 | $ | 13,149 | $ | 30,629 | $ | 25,770 | |||||||||||||||||||
Stock-based compensation expense | (7,025) | (8,097) | (5,499) | (15,122) | (10,496) | ||||||||||||||||||||||||
Litigation reserves, net | — | — | (65) | — | (112) | ||||||||||||||||||||||||
Non-GAAP general and administrative | $ | 7,982 | $ | 7,525 | $ | 7,585 | $ | 15,507 | $ | 15,162 | |||||||||||||||||||
Percentage of revenue | 6.9 | % | 6.8 | % | 6.4 | % | 6.9 | % | 6.2 | % |
ARLO TECHNOLOGIES, INC. | ||
RECONCILIATIONS OF GAAP MEASURES TO NON-GAAP MEASURES (CONTINUED) |
UNAUDITED STATEMENT OF OPERATIONS DATA (CONTINUED): | |||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||
July 2, 2023 | April 2, 2023 | July 3, 2022 | July 2, 2023 | July 3, 2022 | |||||||||||||||||||||||||
(In thousands, except percentage data) | |||||||||||||||||||||||||||||
GAAP total operating expenses | $ | 49,887 | $ | 49,357 | $ | 45,082 | $ | 99,244 | $ | 87,329 | |||||||||||||||||||
Stock-based compensation expense | (12,006) | (13,730) | (10,910) | (25,736) | (19,589) | ||||||||||||||||||||||||
Others | (341) | (632) | (90) | (973) | (216) | ||||||||||||||||||||||||
Non-GAAP total operating expenses | $ | 37,540 | $ | 34,995 | $ | 34,082 | $ | 72,535 | $ | 67,524 | |||||||||||||||||||
GAAP operating loss | $ | (8,029) | $ | (14,140) | $ | (11,342) | $ | (22,169) | $ | (20,014) | |||||||||||||||||||
GAAP operating margin | (7.0) | % | (12.7) | % | (9.5) | % | (9.8) | % | (8.2) | % | |||||||||||||||||||
Stock-based compensation expense | 12,973 | 14,591 | 12,245 | 27,564 | 21,834 | ||||||||||||||||||||||||
Others | 492 | 783 | 90 | 1,275 | 216 | ||||||||||||||||||||||||
Non-GAAP operating income | $ | 5,436 | $ | 1,234 | $ | 993 | $ | 6,670 | $ | 2,036 | |||||||||||||||||||
Non-GAAP operating margin | 4.7 | % | 1.1 | % | 0.8 | % | 3.0 | % | 0.8 | % | |||||||||||||||||||
GAAP other income (expense), net | $ | 52 | $ | (39) | $ | (116) | $ | 13 | $ | 295 | |||||||||||||||||||
Employee retention credit | — | — | (26) | — | (65) | ||||||||||||||||||||||||
Non-GAAP other income (expense), net | $ | 52 | $ | (39) | $ | (142) | $ | 13 | $ | 230 | |||||||||||||||||||
GAAP provision for income taxes | $ | 221 | $ | 792 | $ | 228 | $ | 1,013 | $ | 441 | |||||||||||||||||||
GAAP income tax rate | (3.1) | % | (5.9) | % | (2.0) | % | (4.9) | % | (2.3) | % | |||||||||||||||||||
Non-GAAP provision for income taxes | $ | 221 | $ | 792 | $ | 228 | $ | 1,013 | $ | 441 | |||||||||||||||||||
Non-GAAP income tax rate | 3.5 | % | 41.2 | % | 23.3 | % | 12.3 | % | 18.5 | % |
ARLO TECHNOLOGIES, INC. | ||
RECONCILIATIONS OF GAAP MEASURES TO NON-GAAP MEASURES (CONTINUED) |
UNAUDITED STATEMENT OF OPERATIONS DATA (CONTINUED): | |||||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | ||||||||||||||||||||||||||||
July 2, 2023 | April 2, 2023 | July 3, 2022 | July 2, 2023 | July 3, 2022 | |||||||||||||||||||||||||
(In thousands, except percentage and per share data) | |||||||||||||||||||||||||||||
GAAP net loss | $ | (7,363) | $ | (14,245) | $ | (11,557) | $ | (21,608) | $ | (20,036) | |||||||||||||||||||
Stock-based compensation expense | 12,973 | 14,591 | 12,245 | 27,564 | 21,834 | ||||||||||||||||||||||||
Others | 492 | 783 | 64 | 1,275 | 151 | ||||||||||||||||||||||||
Non-GAAP net income | $ | 6,102 | $ | 1,129 | $ | 752 | $ | 7,231 | $ | 1,949 | |||||||||||||||||||
GAAP net loss per share - basic and diluted | $ | (0.08) | $ | (0.16) | $ | (0.13) | $ | (0.24) | $ | (0.23) | |||||||||||||||||||
Stock-based compensation expense | 0.14 | 0.17 | 0.14 | 0.30 | 0.25 | ||||||||||||||||||||||||
Others | — | — | — | 0.01 | — | ||||||||||||||||||||||||
Non-GAAP net income - diluted | $ | 0.06 | $ | 0.01 | $ | 0.01 | $ | 0.07 | $ | 0.02 | |||||||||||||||||||
Shares used in computing GAAP net loss - basic | 92,337 | 89,653 | 86,868 | 90,984 | 85,966 | ||||||||||||||||||||||||
Shares used in computing non-GAAP net income - diluted | 99,187 | 93,236 | 91,787 | 96,800 | 92,687 | ||||||||||||||||||||||||
Free cash flow (usage): | |||||||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 12,578 | $ | 10,329 | $ | (4,824) | $ | 22,908 | $ | (29,381) | |||||||||||||||||||
Less: Purchases of property and equipment | (1,031) | (923) | (153) | (1,954) | (451) | ||||||||||||||||||||||||
Free cash flow (usage) (1) | $ | 11,547 | $ | 9,406 | $ | (4,977) | $ | 20,954 | $ | (29,832) | |||||||||||||||||||
Free cash flow (usage) margin (1) | 10.0 | % | 8.5 | % | (4.2) | % | 9.3 | % | (25.1) | % |
ARLO TECHNOLOGIES, INC. | ||
UNAUDITED SUPPLEMENTAL FINANCIAL INFORMATION |
Three Months Ended | |||||||||||||||||||||||||||||
July 2, 2023 | April 2, 2023 | December 31, 2022 | October 2, 2022 | July 3, 2022 | |||||||||||||||||||||||||
(In thousands, except headcount and per share data) | |||||||||||||||||||||||||||||
Cash, cash equivalents and short-term investments | $ | 123,675 | $ | 118,673 | $ | 113,724 | $ | 125,272 | $ | 135,258 | |||||||||||||||||||
Cash, cash equivalents and short-term investments per diluted share | $ | 1.25 | $ | 1.27 | $ | 1.28 | $ | 1.42 | $ | 1.47 | |||||||||||||||||||
Accounts receivable, net | $ | 57,327 | $ | 52,837 | $ | 65,960 | $ | 82,707 | $ | 73,998 | |||||||||||||||||||
Days sales outstanding | 45 | 44 | 50 | 59 | 57 | ||||||||||||||||||||||||
Inventories | $ | 39,429 | $ | 39,922 | $ | 46,554 | $ | 73,243 | $ | 39,208 | |||||||||||||||||||
Inventory turns | 6.1 | 6.4 | 6.4 | 4.3 | 7.5 | ||||||||||||||||||||||||
Weeks of channel inventory: | |||||||||||||||||||||||||||||
U.S. retail channel | 9.7 | 14.6 | 11.9 | 13.6 | 11.9 | ||||||||||||||||||||||||
U.S. distribution channel | 9.3 | 17.6 | 14.1 | 5.5 | 7.4 | ||||||||||||||||||||||||
APAC distribution channel | 7.7 | 5.8 | 4.7 | 9.4 | 9.8 | ||||||||||||||||||||||||
Deferred revenue (current and non-current) | $ | 17,702 | $ | 15,289 | $ | 11,503 | $ | 12,242 | $ | 14,022 | |||||||||||||||||||
Cumulative registered accounts (1) | 7,860 | 7,510 | 7,220 | 6,930 | 6,640 | ||||||||||||||||||||||||
Cumulative paid accounts (2) | 2,289 | 2,044 | 1,862 | 1,673 | 1,478 | ||||||||||||||||||||||||
Annual recurring revenue (ARR) (3) | $ | 193,633 | $ | 182,583 | $ | 137,764 | $ | 125,402 | $ | 116,601 | |||||||||||||||||||
Headcount | 345 | 334 | 343 | 360 | 354 | ||||||||||||||||||||||||
Non-GAAP diluted shares | 99,187 | 93,236 | 88,743 | 88,124 | 91,787 |
Three Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||||||||||||
July 2, 2023 | April 2, 2023 | July 3, 2022 | July 2, 2023 | July 3, 2022 | ||||||||||||||||||||||||||||||||||||||||
(In thousands, except percentage data) | ||||||||||||||||||||||||||||||||||||||||||||
Americas | $ | 78,136 | 67.9 | % | $ | 56,632 | 51.0 | % | $ | 60,345 | 50.7 | % | $ | 134,768 | 59.6 | % | $ | 128,811 | 52.8 | % | ||||||||||||||||||||||||
EMEA | 30,958 | 26.9 | % | 48,472 | 43.7 | % | 54,483 | 45.8 | % | 79,430 | 35.1 | % | 104,458 | 42.9 | % | |||||||||||||||||||||||||||||
APAC | 5,982 | 5.2 | % | 5,900 | 5.3 | % | 4,151 | 3.5 | % | 11,882 | 5.3 | % | 10,461 | 4.3 | % | |||||||||||||||||||||||||||||
Total | $ | 115,076 | 100.0 | % | $ | 111,004 | 100.0 | % | $ | 118,979 | 100.0 | % | $ | 226,080 | 100.0 | % | $ | 243,730 | 100.0 | % |
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Cover Page |
Aug. 10, 2023 |
---|---|
Cover [Abstract] | |
Entity Ex Transition Period | false |
Entity Central Index Key | 0001736946 |
Entity Emerging Growth Company | true |
Title of 12(b) Security | Common Stock, par value $0.001 per share |
Pre-commencement Issuer Tender Offer | false |
Pre-commencement Tender Offer | false |
Soliciting Material | false |
Written Communications | false |
City Area Code | 408 |
Entity Tax Identification Number | 38-4061754 |
Document Type | 8-K |
Document Period End Date | Aug. 10, 2023 |
Entity Registrant Name | ARLO TECHNOLOGIES, INC. |
Entity Incorporation, State or Country Code | DE |
Entity File Number | 001-38618 |
Entity Address, Address Line Two | Suite #150 |
Entity Address, Address Line One | 2200 Faraday Ave., |
Entity Address, City or Town | Carlsbad, |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 92008 |
Local Phone Number | 890-3900 |
Trading Symbol | ARLO |
Security Exchange Name | NYSE |
Amendment Flag | false |
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