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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments61,95166,97084,02480,77385,537100,975
Cash and cash equivalents61,95166,97084,02480,77385,537100,975
Receivables57,32752,83765,96082,70773,99878,054
Inventory, net of allowances, customer advances and progress billings39,42939,92246,55473,24339,20837,038
Inventory39,42939,92246,55473,24339,20837,038
Other undisclosed current assets74,04259,11836,24454,37058,61153,581
Total current assets:232,749218,847232,782291,093257,354269,648
Noncurrent Assets
Operating lease, right-of-use asset11,08911,98512,80914,16115,24213,797
Property, plant and equipment6,4217,0557,3366,5887,4788,522
Intangible assets, net (including goodwill)11,03811,03811,03811,03811,03811,038
Goodwill11,03811,03811,03811,03811,03811,038
Restricted cash and investments4,0354,175 4,1284,1254,114
Other noncurrent assets3,6893,9834,0814,2084,4414,671
Other undisclosed noncurrent assets   4,155   
Total noncurrent assets:36,27238,23639,41940,12342,32442,142
TOTAL ASSETS:269,021257,083272,201331,216299,678311,790
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities149,438134,247150,987211,331174,004160,043
Taxes payable13845
Employee-related liabilities12,11114,218
Accounts payable61,22146,03152,132107,10377,42368,266
Accrued liabilities88,21788,21698,85592,11782,22591,732
Deferred revenue17,63915,17511,29111,89313,44516,460
Other undisclosed current liabilities    (12,111)(14,218) 
Total current liabilities:167,077149,422162,278211,113173,231176,503
Noncurrent Liabilities
Long-term debt and lease obligation:    20,23921,46920,308
Liabilities, other than long-term debt20,18821,41022,2282,5432,5772,975
Accounts payable and accrued liabilities     9494
Deferred revenue     577915
Other liabilities3,0473,2422,9492,5431,9061,966
Operating lease, liability17,14118,16819,27920,23921,46920,308
Total noncurrent liabilities:20,18821,41022,22822,78224,04623,283
Total liabilities:187,265170,832184,506233,895197,277199,786
Equity
Equity, attributable to parent81,75686,25187,69597,321102,401112,004
Common stock949189888886
Additional paid in capital448,543445,809433,138420,727411,316409,242
Accumulated other comprehensive income (loss)15221(107)(224)(168)(46)
Accumulated deficit(367,033)(359,670)(345,425)(323,270)(308,835)(297,278)
Total equity:81,75686,25187,69597,321102,401112,004
TOTAL LIABILITIES AND EQUITY:269,021257,083272,201331,216299,678311,790

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues115,076111,004118,527128,157118,979124,751
Cost of revenue
(Cost of Goods and Services Sold)
(73,218)(75,787)(86,557)(91,407)(85,239)(91,176)
Gross profit:41,85835,21731,97036,75033,74033,575
Operating expenses(49,887)(49,357)(54,395)(51,190)(45,082)(42,247)
Operating loss:(8,029)(14,140)(22,425)(14,440)(11,342)(8,672)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
52(39)(12)19(116)411
Loss from continuing operations before equity method investments, income taxes:(7,977)(14,179)(22,437)(14,421)(11,458)(8,261)
Other undisclosed income (loss) from continuing operations before income taxes835726512290129(5)
Loss from continuing operations before income taxes:(7,142)(13,453)(21,925)(14,131)(11,329)(8,266)
Income tax expense(221)(792)(230)(304)(228)(213)
Loss from continuing operations:(7,363)(14,245)(22,155)(14,435)(11,557)(8,479)
Loss before gain (loss) on sale of properties:(14,435)(11,557)(8,479)
Net loss available to common stockholders, diluted:(7,363)(14,245)(22,155)(14,435)(11,557)(8,479)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(7,363)(14,245)(22,155)(14,435)(11,557)(8,479)
Other comprehensive loss     (122)(46)
Comprehensive loss:(7,363)(14,245)(22,155)(14,435)(11,679)(8,525)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent131128117(56)  
Comprehensive loss, net of tax, attributable to parent:(7,232)(14,117)(22,038)(14,491)(11,679)(8,525)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: