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      Why Did Arlo Technologies (ARLO) Stock Gain 31.22% This Session? - Stocks Telegraph

      By Fahim Awan

      Published on

      March 2, 2022

      4:44 PM UTC

      Why Did Arlo Technologies (ARLO) Stock Gain 31.22% This Session? - Stocks Telegraph

      Shares of the leading internet-connected security camera brand, Arlo Technologies Inc. (ARLO) have gained 31.22% at $11.39 in Wednesday’s session. Arlo Technologies stock finished the last trading session at $8.68. The stock recorded a trading volume of 2.45 million shares, which is below the average daily trading volume published for the last 50 days of 1.0 million shares.

      The shares of Arlo Technologies have advanced 2.12% in the last five days; however, they have gained 4.83% over the last month. The stock price has added 9.60% over the last three months and has lost -17.25 percent so far this year. ARLO stock is rising after the release of its latest financials.

      How ARLO has performed financially?

      Arlo Technologies (ARLO) is a multi-award-winning industry leader that is revolutionizing how people interact with the connected world. ARLO’s expertise in product design, wireless connection, cloud infrastructure, and cutting-edge AI capabilities is focused on providing ARLO consumers with a seamless, smart home experience that is simple to set up and interact with on a daily basis. ARLO’s cloud-based platform gives users visibility, intelligence, and a powerful tool for protecting and connecting in real-time with the people and things that matter most, from anywhere with a Wi-Fi or cellular connection.

      Arlo Technologies (ARLO) released its fourth-quarter and fiscal-year 2021 financial results today.

      Summary of Q4 2021

      • ARLO’s revenue climbed by 24.4 percent year over year to $142.9 million.
      • ARLO reported GAAP gross profit of $31.7 million, up 29.3% year over year, while non-GAAP gross profit was $32.7 million, up 27.0 percent year over year.
      • The GAAP gross margin for ARLO was 22.2 percent, while the non-GAAP gross margin was 22.9 percent.
      • ARLO was able to reduce its GAAP operating loss by $8.4 million to $7.2 million years over year, but on a non-GAAP basis, ARLO achieved an operating profit of $3.5 million, an increase of $10.0 million years over year.
      • ARLO reported a GAAP net loss per diluted share of $(0.08), compared to a net income per diluted share of $0.04 on a non-GAAP basis.

      Full Year 2021 Summary

      • ARLO’s total revenue for the year was $435.1 million, up 21.8 percent over the previous year.
      • ARLO’s GAAP gross profit was $108.0 million, up 95.0 percent year over year, while non-GAAP gross profit was $112.0 million, up 87.6% year over year.
      • ARLO’s GAAP gross margin for the full year of 2021 was 24.8 percent, while its non-GAAP gross margin was 25.7 percent.
      • ARLO’s GAAP net loss per diluted share was $(0.68), while the company’s non-GAAP net loss per diluted share was $. (0.11).
      • ARLO reported $175.7 million in cash and cash equivalents, with no debt to pay.

      ARLO’s First Quarter 2022 Outlook

      Arlo Technologies expects revenue of $110.0 million to $120.0 million in the first quarter of 2022. ARLO expects a GAAP net loss per diluted share of $(0.19) to $(0.19). (0.13).

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