Arlo Technologies (ARLO) FY2021 results: revenue $435 million, up 21.8% on the year
Arlo Technologies, Inc. (ARLO) reported revenue of $435 million for fiscal 2021, the year ended 31 December 2021, up 21.8% on the year before. Net income was -$56 million, and diluted earnings per share $-0.68. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2022.
Revenue
$435 million
+21.8% on the year
FY2016FY2021
Operating margin
-13.8%
-29.4% a year earlier
FY2016FY2021
Net income
-$56 million
FY2016FY2021
Diluted EPS
-$0.68
FY2016FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
-23.2
-46.5
9.2
Capital expenditure
2.3
3.9
6.7
-41.7%
Free cash flow
-25.5
-50.4
2.5
Free cash flow margin
-5.9%
-14.1%
0.7%
Cash from investing
17.7
-4.0
76.3
Cash from financing
-5.0
-0.0
-0.0
Depreciation and amortisation
6.0
10.2
10.7
-41.5%
Share-based compensation
38.0
35.2
22.9
+7.9%
Diluted shares, weighted
83m
78m
75m
+5.9%
Shares outstanding at period end
84m
79m
76m
+6.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
113
134
203
-15.8%
Debt
0.0
0.0
0.0
Operating lease liabilities
21.5
25.0
29.0
-14.2%
Finance lease liabilities
n/a
n/a
0.0
Other liabilities
213
255
310
-16.4%
Total liabilities and equity
347
414
543
-16.1%
Fixed assets
9.6
15.8
21.4
-39.4%
Goodwill
11.0
11.0
11.0
0.0%
Intangible assets
n/a
0.0
1.3
Investments
n/a
n/a
20.0
Securities held for sale or to maturity
0.0
20.0
n/a
Cash and equivalents
176
186
237
-5.6%
Receivables
79.6
77.6
127
+2.5%
Inventory
38.4
64.7
68.6
-40.7%
Other assets
33.2
38.6
56.4
-14.2%
Total assets
347
414
543
-16.1%
10-K for the year ended 31 December 2021, filed 2 March 2022: the filing.