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Stock impact report

Arlo Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Arlo Technologies, Inc. (ARLO) 
Last arlo technologies, inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.netgear.com
Company Research Source: Yahoo! Finance
Annual recurring revenue (ARR) ended at $210.1 million, growing 52.5% year over year Full year service revenue of $201.2 million, growing 47.4% year over year Full year free cash flow (FCF) of $35.5 million with FCF margin of 7.2% Full year GAAP net loss per share of $(0.24); record non-GAAP EPS of $0.28 CARLSBAD, Calif., February 29, 2024 BUSINESS WIRE )--Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security company, today reported financial results for the fourth quarter and full year ended December 31, 2023. "Arlo finished the year strong with the largest product launch in our company history contributing to solid revenue growth of 14% and ARR growth of over 50% compared to Q4 of the prior year. This culminated in record non-GAAP earnings of $0.11 per share and our first ever profit on a GAAP basis," said Matthew McRae, Chief Executive Officer of Arlo technologies. "The growth is even more impressive when looking at Arlo's full year results with our annual Show less Read more
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