Arlo Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 02, 2023
August 11, 2023 at 01:35 am IST
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Arlo Technologies, Inc. reported earnings results for the second quarter and six months ended July 02, 2023. For the second quarter, the company reported revenue was USD 115.08 million compared to USD 118.98 million a year ago. Net loss was USD 7.36 million compared to USD 11.56 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.13 a year ago.
For the six months, revenue was USD 226.08 million compared to USD 243.73 million a year ago. Net loss was USD 21.61 million compared to USD 20.04 million a year ago. Basic loss per share from continuing operations was USD 0.24 compared to USD 0.23 a year ago.
Arlo Technologies, Inc. offers advanced home, business, and personal security services that combine a globally scaled cloud platform, advanced monitoring and analytics capabilities, and app-controlled devices to create a personalized security ecosystem. Its expertise in cloud services, cutting-edge artificial intelligence (AI) and computer vision analytics, wireless connectivity and intuitive user experience design delivers seamless, smart home security for its users. Its cloud-based platform provides users with visibility, insight and a powerful means to help protect and connect in real-time with the people and things that matter, from any location with a wireless fidelity or a cellular connection. Its products include Arlo Essential Cameras and Doorbells; Arlo Home Security System; Arlo Pro 5S; Arlo Go 2; Arlo Ultra 2; Arlo Floodlight Camera, and others. Its services, such as Arlo Secure, Arlo Total Security, Arlo Safe, and other services.
ARLO TECHNOLOGIES, INC. 
