Arlo Technologies, Inc. (ARLO)

Arlo Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	491.18	490.41	435.14	357.15	370.01
Revenue Growth (YoY)	0.16%	12.70%	21.83%	-3.47%	-20.41%
Cost of Revenue	323.61	354.38	327.1	301.77	334.2
Gross Profit	167.56	136.04	108.04	55.39	35.8
Selling, General & Admin	122.51	126.01	98.4	100.16	104.61
Research & Development	68.65	64.71	59.06	60.14	69.38
Other Operating Expenses	1.31	2.19	10.71	-0.04	-52.97
Operating Expenses	192.47	192.91	168.17	160.25	121.03
Operating Income	-24.9	-56.88	-60.14	-104.86	-85.22
Other Expense / Income	-4.04	-1.23	-4.79	-4.24	-3.65
Pretax Income	-20.86	-55.65	-55.35	-100.63	-81.57
Income Tax	1.18	0.98	0.68	0.63	4.38
Net Income	-22.04	-56.63	-56.03	-101.25	-85.95
Shares Outstanding (Basic)	93	87	83	78	75
Shares Outstanding (Diluted)	93	87	83	78	75
Shares Change	6.40%	5.42%	5.90%	4.01%	11.67%
EPS (Basic)	-0.24	-0.65	-0.68	-1.30	-1.14
EPS (Diluted)	-0.24	-0.65	-0.68	-1.30	-1.14
Free Cash Flow	35.46	-47.97	-25.47	-50.42	2.51
Free Cash Flow Per Share	0.38	-0.55	-0.31	-0.65	0.03
Gross Margin	34.11%	27.74%	24.83%	15.51%	9.68%
Operating Margin	-5.07%	-11.60%	-13.82%	-29.36%	-23.03%
Profit Margin	-4.49%	-11.55%	-12.88%	-28.35%	-23.23%
Free Cash Flow Margin	7.22%	-9.78%	-5.85%	-14.12%	0.68%
EBITDA	-16.2	-50.88	-49.38	-90.42	-70.89
EBITDA Margin	-3.30%	-10.38%	-11.35%	-25.32%	-19.16%
Depreciation & Amortization	4.66	4.77	5.98	10.21	10.68
EBIT	-20.86	-55.65	-55.35	-100.63	-81.57
EBIT Margin	-4.25%	-11.35%	-12.72%	-28.17%	-22.05%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).