Aug. 8 at 12:34 AM
$ARLO Annual recurring revenue (ARR)(1) ended at
$316 million, growing 34% year over year
Record subscriptions and services revenue of
$78 million, growing 30% year over year
Record GAAP subscriptions and services gross margin of 84%; record non-GAAP subscriptions and services gross margin of 85%
Record adjusted EBITDA(2) of
$18 million; record adjusted EBITDA margin of 14%
Record GAAP net income per share (EPS) of
$0.03; record non-GAAP EPS of
$0.17
“This subscription momentum coupled with our Holiday product launches and announcement of ADT as a strategic partner positions Arlo for continuing success.”
