Arlo Technologies (ARLO) FY2020 results: revenue $357 million, down 3.5% on the year
Arlo Technologies, Inc. (ARLO) reported revenue of $357 million for fiscal 2020, the year ended 31 December 2020, down 3.5% on the year before. Net income was -$101 million, and diluted earnings per share $-1.30. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$357 million
-3.5% on the year
FY2016FY2020
Operating margin
-29.4%
-23.0% a year earlier
FY2016FY2020
Net income
-$101 million
FY2016FY2020
Diluted EPS
-$1.30
FY2016FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
357
370
465
-3.5%
Cost of revenue
302
334
373
-9.7%
Gross profit
55.4
35.8
92.1
+54.7%
Gross margin
15.5%
9.7%
19.8%
Research and development
60.1
69.4
58.8
-13.3%
Operating income
-105
-85.2
-74.8
Operating margin
-29.4%
-23.0%
-16.1%
Pre-tax income
-101
-81.6
-74.7
Income tax
0.6
4.4
0.8
-85.7%
Net income
-101
-86.0
-75.5
Net margin
-28.3%
-23.2%
-16.2%
Diluted EPS
-$1.30
-$1.14
-$1.12
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
-46.5
9.2
-17.7
Capital expenditure
3.9
6.7
21.7
-41.6%
Free cash flow
-50.4
2.5
-39.4
Free cash flow margin
-14.1%
0.7%
-8.5%
Cash from investing
-4.0
76.3
-71.3
Cash from financing
-0.0
-0.0
244
Depreciation and amortisation
10.2
10.7
5.3
-4.4%
Share-based compensation
35.2
22.9
8.8
+54.0%
Diluted shares, weighted
78m
75m
67m
+4.0%
Shares outstanding at period end
79m
76m
74m
+4.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
134
203
270
-34.2%
Debt
0.0
0.0
0.0
Operating lease liabilities
25.0
29.0
0.0
-13.7%
Finance lease liabilities
n/a
0.0
20.0
Other liabilities
255
310
306
-17.8%
Total liabilities and equity
414
543
596
-23.7%
Fixed assets
15.8
21.4
49.4
-25.9%
Goodwill
11.0
11.0
15.6
0.0%
Intangible assets
0.0
1.3
2.8
Investments
n/a
20.0
49.7
Securities held for sale or to maturity
20.0
n/a
n/a
Cash and equivalents
186
237
151
-21.4%
Receivables
77.6
127
166
-39.0%
Inventory
64.7
68.6
125
-5.7%
Other assets
38.6
56.4
36.2
-31.5%
Total assets
414
543
596
-23.7%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.