Cash flow Arlo Technologies, Inc.

Equities

ARLO

US04206A1016

Computer & Electronics Retailers

Market Closed - Nyse Other stock markets 01:30:02 10/09/2024 am IST			5-day change	1st Jan Change
11.00 ^USD	-0.18%		-6.30%	+15.55%

08/08	(ARLO) ARLO TECHNOLOGIES Sees Q3 Revenue Range $132M - $142M	MT
08/08	Transcript : Arlo Technologies, Inc., Q2 2024 Earnings Call, Aug 08, 2024

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Published financial data: ARLO TECHNOLOGIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	37Cr	36Cr	44Cr	49Cr	49Cr
Total Revenues	37Cr	36Cr	44Cr	49Cr	49Cr
Cost of Goods Sold, Total	33Cr	30Cr	33Cr	35Cr	32Cr
Gross Profit	3.59Cr	5.54Cr	11Cr	14Cr	17Cr
Selling General & Admin Expenses, Total	10Cr	10Cr	9.84Cr	13Cr	12Cr
R&D Expenses	6.91Cr	6.01Cr	5.91Cr	6.47Cr	6.86Cr
Other Operating Expenses	-	-	-	4L	6L
Other Operating Expenses, Total	17Cr	16Cr	16Cr	19Cr	19Cr
Operating Income	-14Cr	-10Cr	-4.94Cr	-5.51Cr	-2.42Cr
Interest And Investment Income	27.37L	8L	11T	9L	39.35L
Net Interest Expenses	27.37L	8L	11T	9L	39.35L
Currency Exchange Gains (Loss)	-24T	-95T	1L	-	-
Other Non Operating Income (Expenses)	9L	35.31L	46.59L	3L	1L
EBT, Excl. Unusual Items	-13Cr	-10Cr	-4.46Cr	-5.38Cr	-2.02Cr
Restructuring Charges	-6L	-44T	-	-18.05L	-7L
Gain (Loss) On Sale Of Assets	5.49Cr	3L	-	-	-
Asset Writedown	-	-	-91.16L	-	-
Other Unusual Items	-19.13L	-2L	-15.96L	-	-
EBT, Incl. Unusual Items	-8.16Cr	-10Cr	-5.54Cr	-5.57Cr	-2.09Cr
Income Tax Expense	43.8L	6L	7L	10L	11.75L
Earnings From Continuing Operations	-8.6Cr	-10Cr	-5.6Cr	-5.66Cr	-2.2Cr
Net Income to Company	-8.6Cr	-10Cr	-5.6Cr	-5.66Cr	-2.2Cr
Net Income - (IS)	-8.6Cr	-10Cr	-5.6Cr	-5.66Cr	-2.2Cr
Net Income to Common Incl Extra Items	-8.6Cr	-10Cr	-5.6Cr	-5.66Cr	-2.2Cr
Net Income to Common Excl. Extra Items	-8.6Cr	-10Cr	-5.6Cr	-5.66Cr	-2.2Cr
Per Share Items
Net EPS - Basic	-1.14	-1.3	-0.68	-0.65	-0.24
Basic EPS - Continuing Operations	-1.14	-1.3	-0.68	-0.65	-0.24
Basic Weighted Average Shares Outstanding	7.51Cr	7.81Cr	8.27Cr	8.72Cr	9.28Cr
Net EPS - Diluted	-1.14	-1.3	-0.68	-0.65	-0.24
Diluted EPS - Continuing Operations	-1.14	-1.3	-0.68	-0.65	-0.24
Diluted Weighted Average Shares Outstanding	7.51Cr	7.81Cr	8.27Cr	8.72Cr	9.28Cr
Normalized Basic EPS	-1.11	-0.81	-0.34	-0.39	-0.14
Normalized Diluted EPS	-1.11	-0.81	-0.34	-0.39	-0.14
Supplemental Items
EBITDA	-13Cr	-9.47Cr	-4.35Cr	-5.03Cr	-1.96Cr
EBITA	-14Cr	-10Cr	-4.94Cr	-5.51Cr	-2.42Cr
EBIT	-14Cr	-10Cr	-4.94Cr	-5.51Cr	-2.42Cr
EBITDAR	-12Cr	-8.77Cr	-3.7Cr	-4.52Cr	-1.56Cr
Total Revenues (As Reported)	37Cr	36Cr	44Cr	49Cr	49Cr
Effective Tax Rate - (Ratio)	-5.37	-0.62	-1.22	-1.75	-5.63
Current Domestic Taxes	58T	84T	21T	3L	4L
Current Foreign Taxes	45.24L	4L	10L	6L	7L
Total Current Taxes	45.82L	5L	10.1L	9L	10.58L
Deferred Domestic Taxes	-	-	-	-	-
Deferred Foreign Taxes	-2L	1L	-3L	1L	1L
Total Deferred Taxes	-2L	1L	-3L	1L	1L
Normalized Net Income	-8.37Cr	-6.29Cr	-2.79Cr	-3.37Cr	-1.26Cr
Supplemental Operating Expense Items
Advertising Expense	95L	1.27Cr	96L	2.71Cr	1.79Cr
Selling and Marketing Expenses	5.68Cr	4.91Cr	4.89Cr	7.01Cr	6.61Cr
General and Administrative Expenses	4.75Cr	5.11Cr	4.95Cr	5.59Cr	5.64Cr
Research And Development Expense From Footnotes	6.94Cr	6.01Cr	5.91Cr	6.47Cr	6.86Cr
Net Rental Expense, Total	70L	70L	65L	51L	39L
Stock-Based Comp., COGS (Total)	20.13L	29.61L	39.17L	48.41L	35.33L
Stock-Based Comp., R&D Exp. (Total)	68.68L	90.55L	1.09Cr	1.23Cr	1.27Cr
Stock-Based Comp., S&M Exp. (Total)	38.59L	41.06L	53.92L	62.9L	58.99L
Stock-Based Comp., G&A Exp. (Total)	1.02Cr	1.91Cr	1.79Cr	2.5Cr	2.58Cr
Total Stock-Based Compensation	2.29Cr	3.52Cr	3.8Cr	4.85Cr	4.79Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	24Cr	19Cr	18Cr	8.4Cr	5.65Cr
Short Term Investments	2Cr	2Cr	-	2.97Cr	8Cr
Total Cash And Short Term Investments	26Cr	21Cr	18Cr	11Cr	14Cr
Accounts Receivable, Total	13Cr	7.76Cr	7.96Cr	6.6Cr	6.54Cr
Other Receivables	1L	-	-	-	-
Total Receivables	13Cr	7.76Cr	7.96Cr	6.6Cr	6.54Cr
Inventory	6.86Cr	6.47Cr	3.84Cr	4.66Cr	3.84Cr
Prepaid Expenses	1.68Cr	80.52L	98.54L	65.44L	1.03Cr
Other Current Assets, Total	27T	24T	65T	-	-
Total Current Assets	47Cr	36Cr	30Cr	23Cr	25Cr
Gross Property Plant And Equipment	7.29Cr	6.77Cr	5.34Cr	5.23Cr	4.99Cr
Accumulated Depreciation	-2.02Cr	-2.79Cr	-2.9Cr	-3.22Cr	-3.37Cr
Net Property Plant And Equipment	5.27Cr	3.98Cr	2.44Cr	2.01Cr	1.62Cr
Goodwill	1.1Cr	1.1Cr	1.1Cr	1.1Cr	1.1Cr
Other Intangibles, Total	13.06L	0	-	-	-
Deferred Tax Assets Long-Term	13.18L	12.69L	15.65L	13.84L	-
Other Long-Term Assets, Total	68.29L	52.94L	68.56L	68.52L	77.54L
Total Assets	54Cr	41Cr	35Cr	27Cr	29Cr
Liabilities
Accounts Payable, Total	11Cr	6.22Cr	8.41Cr	5.21Cr	5.52Cr
Accrued Expenses, Total	9.15Cr	7.72Cr	7.15Cr	7.38Cr	6.57Cr
Current Portion of Leases	39.12L	44L	46.09L	41.9L	42.11L
Current Income Taxes Payable	44.89L	3L	12T	-	-
Unearned Revenue Current, Total	5.04Cr	5.31Cr	2.94Cr	1.13Cr	1.8Cr
Other Current Liabilities	3.2Cr	4.01Cr	2.13Cr	2.09Cr	1.83Cr
Total Current Liabilities	29Cr	24Cr	21Cr	16Cr	16Cr
Long-Term Leases	2.9Cr	2.5Cr	2.15Cr	1.93Cr	1.7Cr
Unearned Revenue Non Current	1.57Cr	1.66Cr	13.44L	2L	73T
Other Non Current Liabilities	7L	12.63L	10.95L	27.37L	37.17L
Total Liabilities	34Cr	28Cr	23Cr	18Cr	18Cr
Common Stock, Total	76T	79T	84T	89T	95T
Additional Paid In Capital	33Cr	37Cr	40Cr	43Cr	47Cr
Retained Earnings	-13Cr	-23Cr	-29Cr	-35Cr	-37Cr
Comprehensive Income and Other	-2T	3T	-	-1L	3L
Total Common Equity	20Cr	13Cr	11Cr	8.77Cr	10Cr
Total Equity	20Cr	13Cr	11Cr	8.77Cr	10Cr
Total Liabilities And Equity	54Cr	41Cr	35Cr	27Cr	29Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.67Cr	8.05Cr	8.48Cr	8.96Cr	9.62Cr
ECS Total Common Shares Outstanding	7.58Cr	7.93Cr	8.45Cr	8.89Cr	9.54Cr
Book Value / Share	2.68	1.69	1.33	0.99	1.08
Tangible Book Value	19Cr	12Cr	10Cr	7.67Cr	9.22Cr
Tangible Book Value Per Share	2.52	1.55	1.2	0.86	0.97
Total Debt	3.29Cr	2.94Cr	2.61Cr	2.35Cr	2.12Cr
Net Debt	-22Cr	-18Cr	-15Cr	-9.03Cr	-12Cr
Debt Equivalent Oper. Leases	5.6Cr	5.6Cr	5.2Cr	4.08Cr	3.12Cr
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	6.86Cr	6.47Cr	3.84Cr	4.66Cr	3.84Cr
Machinery, Total	2.15Cr	2.25Cr	1.98Cr	1.92Cr	1.81Cr
Full Time Employees	349	359	353	343	363
Accumulated Allowance for Doubtful Accounts (Supple)	6L	5L	3L	4L	3L
Order Backlog	54L	57L	44L	9.79Cr	5.23Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-8.6Cr	-10Cr	-5.6Cr	-5.66Cr	-2.2Cr
Depreciation & Amortization - CF	91.81L	89.06L	59.75L	47.68L	46.61L
Amortization of Goodwill and Intangible Assets - (CF)	15L	13L	-	-	-
Depreciation & Amortization, Total	1.07Cr	1.02Cr	59.75L	47.68L	46.61L
(Gain) Loss From Sale Of Asset	-5.49Cr	-3L	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-5L	54T	-3T	-	-20.05L
Asset Writedown & Restructuring Costs	-	-	91.16L	-	-
Stock-Based Compensation (CF)	2.29Cr	3.52Cr	3.8Cr	4.85Cr	4.79Cr
Provision and Write-off of Bad Debts	-29.21L	10L	-31.25L	-2L	3L
Other Operating Activities, Total	-2L	50T	-3L	2L	1L
Change In Accounts Receivable	3.82Cr	4.98Cr	-17.39L	1.35Cr	7L
Change In Inventories	5.36Cr	28.62L	2.93Cr	-78.87L	77.77L
Change In Accounts Payable	2.88Cr	-4.93Cr	2.22Cr	-3.25Cr	37.23L
Change in Unearned Revenues	2.26Cr	36.07L	-3.89Cr	-1.93Cr	66.1L
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-2.32Cr	15.4L	-2.76Cr	35.76L	-94.57L
Cash from Operations	91.71L	-4.65Cr	-2.32Cr	-4.6Cr	3.83Cr
Capital Expenditure	-66.64L	-38.92L	-22.68L	-20.1L	-28.47L
Cash Acquisitions	-	-	-	-	-
Divestitures	5.27Cr	-	-	-	-
Investment in Marketable and Equity Securities, Total	3.02Cr	-83T	2Cr	-2.98Cr	-4.78Cr
Cash from Investing	7.63Cr	-39.75L	1.77Cr	-3.18Cr	-5.07Cr
Issuance of Common Stock	18.37L	47.55L	82.31L	42.6L	84.93L
Repurchase of Common Stock	-18.75L	-47.78L	-1.32Cr	-1.82Cr	-2.36Cr
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-38T	-23T	-49.7L	-1.39Cr	-1.51Cr
Net Change in Cash	8.54Cr	-5.05Cr	-1.04Cr	-9.17Cr	-2.75Cr
Supplemental Items
Cash Income Tax Paid (Refund)	10L	56.14L	10L	4L	11.96L
Levered Free Cash Flow	5.21Cr	-1.85Cr	67.71L	-2.26Cr	3.46Cr
Unlevered Free Cash Flow	5.21Cr	-1.85Cr	67.71L	-2.26Cr	3.46Cr
Change In Net Working Capital	-11Cr	-54.32L	40.75L	3.94Cr	19T

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-15.1	-13.7	-8.11	-11.11	-5.43
Return on Total Capital	-32.6	-32.81	-20.46	-27.55	-13.07
Return On Equity %	-36.35	-60.06	-45.47	-56.53	-23.08
Return on Common Equity	-36.35	-60.06	-45.47	-56.53	-23.08
Margin Analysis
Gross Profit Margin %	9.7	15.51	24.83	27.74	34.11
SG&A Margin	28.19	28.04	22.61	25.7	24.94
EBITDA Margin %	-34.29	-26.5	-9.99	-10.26	-3.98
EBITA Margin %	-36.77	-29	-11.36	-11.23	-4.93
EBIT Margin %	-37.18	-29.36	-11.36	-11.23	-4.93
Income From Continuing Operations Margin %	-23.23	-28.35	-12.88	-11.55	-4.49
Net Income Margin %	-23.23	-28.35	-12.88	-11.55	-4.49
Net Avail. For Common Margin %	-23.23	-28.35	-12.88	-11.55	-4.49
Normalized Net Income Margin	-22.62	-17.61	-6.41	-6.86	-2.57
Levered Free Cash Flow Margin	14.09	-5.19	1.56	-4.61	7.05
Unlevered Free Cash Flow Margin	14.09	-5.19	1.56	-4.61	7.05
Asset Turnover
Asset Turnover	0.65	0.75	1.14	1.58	1.76
Fixed Assets Turnover	7.25	7.72	13.55	22.01	27.02
Receivables Turnover (Average Receivables)	2.52	3.49	5.54	6.74	7.48
Inventory Turnover (Average Inventory)	3.46	4.53	6.35	8.34	7.62
Short Term Liquidity
Current Ratio	1.6	1.5	1.44	1.43	1.55
Quick Ratio	1.31	1.2	1.21	1.11	1.25
Operating Cash Flow to Current Liabilities	0.03	-0.2	-0.11	-0.28	0.24
Days Sales Outstanding (Average Receivables)	144.7	105.02	65.93	54.15	48.79
Days Outstanding Inventory (Average Inventory)	105.64	80.86	57.52	43.74	47.91
Average Days Payable Outstanding	127.5	106.81	88.75	68.58	62.09
Cash Conversion Cycle (Average Days)	122.84	79.07	34.71	29.32	34.61
Long Term Solvency
Total Debt/Equity	16.18	22	23.15	26.76	20.56
Total Debt / Total Capital	13.93	18.03	18.8	21.11	17.05
LT Debt/Equity	14.26	18.71	19.06	21.98	16.48
Long-Term Debt / Total Capital	12.27	15.34	15.48	17.34	13.67
Total Liabilities / Total Assets	62.53	67.69	67.58	67.78	63.83
Total Debt / EBITDA	-0.27	-0.34	-0.71	-0.52	-1.36
Net Debt / EBITDA	1.87	2.02	4.05	2	7.37
Total Debt / (EBITDA - Capex)	-0.26	-0.32	-0.66	-0.5	-1.15
Net Debt / (EBITDA - Capex)	1.77	1.93	3.82	1.91	6.23
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-20.41	-3.47	21.83	12.7	0.16
Gross Profit, 1 Yr. Growth %	-61.04	54.47	95.05	25.92	23.18
EBITDA, 1 Yr. Growth %	200.56	-25.39	-54.12	11.67	-61.14
EBITA, 1 Yr. Growth %	195.64	-23.88	-52.89	7.94	-56.04
EBIT, 1 Yr. Growth %	189.47	-23.77	-52.89	7.94	-56.04
Earnings From Cont. Operations, 1 Yr. Growth %	13.87	17.8	-44.66	1.07	-61.09
Net Income, 1 Yr. Growth %	13.87	17.8	-44.66	1.07	-61.09
Normalized Net Income, 1 Yr. Growth %	182.16	-24.85	-55.66	16.46	-62.54
Diluted EPS Before Extra, 1 Yr. Growth %	1.97	13.55	-47.69	-4.41	-63.43
Accounts Receivable, 1 Yr. Growth %	-23.32	-39.02	2.47	-17.1	-0.91
Inventory, 1 Yr. Growth %	-45.01	-5.71	-40.67	21.27	-17.5
Net Property, Plant and Equip., 1 Yr. Growth %	6.52	-24.37	-38.7	-17.47	-19.53
Total Assets, 1 Yr. Growth %	-8.93	-23.72	-16.06	-21.67	4.9
Tangible Book Value, 1 Yr. Growth %	-23.9	-35.75	-17.2	-24.56	20.33
Common Equity, 1 Yr. Growth %	-24.54	-34.23	-15.78	-22.15	17.77
Cash From Operations, 1 Yr. Growth %	-151.85	-607.36	-50.15	98.14	-183.33
Capital Expenditures, 1 Yr. Growth %	-69.24	-41.6	-41.73	-11.38	41.64
Levered Free Cash Flow, 1 Yr. Growth %	14.54	-135.59	-136.45	-491.53	-287.96
Unlevered Free Cash Flow, 1 Yr. Growth %	14.54	-135.59	-136.45	-491.53	-287.96
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.09	-12.35