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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56,52251,13361,95166,97084,02480,773
Cash and cash equivalents56,52251,13361,95166,97084,02480,773
Receivables65,36070,31357,32752,83765,96082,707
Inventory, net of allowances, customer advances and progress billings38,40853,49639,42939,92246,55473,243
Inventory38,40853,49639,42939,92246,55473,243
Other undisclosed current assets90,24586,01674,04259,11836,24454,370
Total current assets:250,535260,958232,749218,847232,782291,093
Noncurrent Assets
Operating lease, right-of-use asset11,45012,19011,08911,98512,80914,161
Property, plant and equipment4,7615,7526,4217,0557,3366,588
Intangible assets, net (including goodwill)11,03811,03811,03811,03811,03811,038
Goodwill11,03811,03811,03811,03811,03811,038
Restricted cash and investments4,1314,0794,0354,175 4,128
Other noncurrent assets3,6233,6203,6893,9834,0814,208
Other undisclosed noncurrent assets     4,155 
Total noncurrent assets:35,00336,67936,27238,23639,41940,123
TOTAL ASSETS:285,538297,637269,021257,083272,201331,216
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities143,410168,478149,438134,247150,987211,331
Employee-related liabilities12,111
Accounts payable55,20182,47961,22146,03152,132107,103
Accrued liabilities88,20985,99988,21788,21698,85592,117
Deferred revenue18,04117,67817,63915,17511,29111,893
Other undisclosed current liabilities      (12,111)
Total current liabilities:161,451186,156167,077149,422162,278211,113
Noncurrent Liabilities
Long-term debt and lease obligation:      20,239
Liabilities, other than long-term debt20,81121,28820,18821,41022,2282,543
Other liabilities3,7903,3183,0473,2422,9492,543
Operating lease, liability17,02117,97017,14118,16819,27920,239
Total noncurrent liabilities:20,81121,28820,18821,41022,22822,782
Total liabilities:182,262207,444187,265170,832184,506233,895
Equity
Equity, attributable to parent103,27690,19381,75686,25187,69597,321
Common stock959494918988
Additional paid in capital470,322458,015448,543445,809433,138420,727
Accumulated other comprehensive income (loss)32023715221(107)(224)
Accumulated deficit(367,461)(368,153)(367,033)(359,670)(345,425)(323,270)
Total equity:103,27690,19381,75686,25187,69597,321
TOTAL LIABILITIES AND EQUITY:285,538297,637269,021257,083272,201331,216

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues135,093130,003115,076111,004118,527128,157
Cost of revenue
(Cost of Goods and Services Sold)
(87,744)(86,864)(73,218)(75,787)(86,557)(91,407)
Gross profit:47,34943,13941,85835,21731,97036,750
Operating expenses(47,807)(45,415)(49,887)(49,357)(54,395)(51,190)
Operating loss:(458)(2,276)(8,029)(14,140)(22,425)(14,440)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
841052(39)(12)19
Loss from continuing operations before equity method investments, income taxes:(374)(2,266)(7,977)(14,179)(22,437)(14,421)
Other undisclosed income from continuing operations before income taxes1,1991,175835726512290
Income (loss) from continuing operations before income taxes:825(1,091)(7,142)(13,453)(21,925)(14,131)
Income tax expense(133)(29)(221)(792)(230)(304)
Income (loss) from continuing operations:692(1,120)(7,363)(14,245)(22,155)(14,435)
Loss before gain (loss) on sale of properties:(14,435)
Net income (loss) available to common stockholders, diluted:692(1,120)(7,363)(14,245)(22,155)(14,435)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):692(1,120)(7,363)(14,245)(22,155)(14,435)
Comprehensive income (loss):692(1,120)(7,363)(14,245)(22,155)(14,435)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent8385131128117(56)
Comprehensive income (loss), net of tax, attributable to parent:775(1,035)(7,232)(14,117)(22,038)(14,491)

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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