Arlo Technologies, Inc. (ARLO) Tops Q2 EPS by 31c
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Arlo Reports Second Quarter 2020 Results
August 5, 2020 4:05 PM EDTExceeded Revenue and EPS Guidance
53% Service Revenue Growth Year over Year
Maintained Cash, Cash Equivalents and Short-term Investments of $205.5 million with No Debt
SAN JOSE, Calif.--(BUSINESS WIRE)-- Arlo Technologies, Inc. (NYSE: ARLO), a leading internet-connected security camera brand, today reported financial results for the second quarter ended June 28, 2020.
Financial Highlights (1)
Revenue of $66.6 million, a decrease of 20.3% year over year. GAAP gross margin of 8.2%; non-GAAP gross margin... More