Arlo Technologies Inc. (ARLO) Financial Statements (2024 and earlier)

Company Profile

Business Address 2200 FARADAY AVE.
CARLSBAD, CA 92008
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3651 - Household Audio and Video Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments84,024175,749186,127256,670201,027
Cash and cash equivalents84,024175,749186,127236,680151,290
Short-term investments    19,99049,737
Receivables65,96079,56477,643127,446178,229
Inventory, net of allowances, customer advances and progress billings46,55438,39064,70568,624124,791
Inventory46,55438,39064,70568,624124,791
Other undisclosed current assets36,2449,91928,07316,82911,427
Total current assets:232,782303,622356,548469,569515,474
Noncurrent Assets
Operating lease, right-of-use asset12,80914,81423,99831,300
Property, plant and equipment7,3369,59515,82121,35249,428
Intangible assets, net (including goodwill)11,03811,03811,03812,34418,461
Goodwill11,03811,03811,03811,03815,638
Intangible assets, net (excluding goodwill)    1,3062,823
Restricted cash and investments 4,1074,164  
Other noncurrent assets4,0814,3142,3994,0088,449
Other undisclosed noncurrent assets 4,155  4,1394,134
Total noncurrent assets:39,41943,86857,42073,14380,472
TOTAL ASSETS:272,201347,490413,968542,712595,946
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities150,987181,487184,204243,539255,312
Taxes payable122674,489734
Accounts payable52,13284,09862,171111,65082,542
Accrued liabilities98,85597,377121,766127,400172,036
Deferred revenue11,29129,44253,14250,362
Contract with customer, liability26,678
Total current liabilities:162,278210,929237,346293,901281,990
Noncurrent Liabilities
Long-term debt and lease obligation:  21,47025,02929,001 
Liabilities, other than long-term debt22,2282,43917,82616,43424,476
Accounts payable and accrued liabilities  941049222
Deferred revenue  1,34416,56315,736
Contract with customer, liability23,313
Other liabilities2,9491,0011,1596061,141
Operating lease, liability19,27921,47025,02929,001
Other undisclosed noncurrent liabilities     19,978
Total noncurrent liabilities:22,22823,90942,85545,43544,454
Total liabilities:184,506234,838280,201339,336326,444
Equity
Equity, attributable to parent87,695112,652133,767203,376269,502
Common stock8984797674
Additional paid in capital433,138401,367366,455334,821315,277
Accumulated other comprehensive income (loss)(107) 3(2) 
Accumulated deficit(345,425)(288,799)(232,770)(131,519)(45,849)
Total equity:87,695112,652133,767203,376269,502
TOTAL LIABILITIES AND EQUITY:272,201347,490413,968542,712595,946

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues490,414435,137357,154370,007464,918
Cost of revenue
(Cost of Goods and Services Sold)
(354,379)(327,102)(301,765)(334,203)(372,843)
Gross profit:136,035108,03555,38935,80492,075
Operating expenses(192,914)(168,173)(160,253)(121,025)(166,848)
Operating loss:(56,879)(60,138)(104,864)(85,221)(74,773)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3024,7753,436913(1,177)
Other undisclosed income from continuing operations before equity method investments, income taxes   8022,7371,239
Loss from continuing operations before equity method investments, income taxes:(56,577)(55,363)(100,626)(81,571)(74,711)
Other undisclosed income from continuing operations before income taxes92611   
Loss from continuing operations before income taxes:(55,651)(55,352)(100,626)(81,571)(74,711)
Income tax expense(975)(677)(625)(4,380)(772)
Loss from continuing operations:(56,626)(56,029)(101,251)(85,951)(75,483)
Loss before gain (loss) on sale of properties:(56,029)(101,251)(85,951)(75,483)
Net loss available to common stockholders, diluted:(56,626)(56,029)(101,251)(85,951)(75,483)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(56,626)(56,029)(101,251)(85,951)(75,483)
Other comprehensive income (loss)  (3)5(2) 
Comprehensive loss:(56,626)(56,032)(101,246)(85,953)(75,483)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(107)    
Comprehensive loss, net of tax, attributable to parent:(56,733)(56,032)(101,246)(85,953)(75,483)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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