Arlo Technologies (ARLO) FY2023 results: revenue $491 million, up 0.2% on the year
Arlo Technologies, Inc. (ARLO) reported revenue of $491 million for fiscal 2023, the year ended 31 December 2023, up 0.2% on the year before. Net income was -$22 million, and diluted earnings per share $-0.24. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$491 million
+0.2% on the year
FY2016FY2023
Operating margin
-5.1%
-11.6% a year earlier
FY2016FY2023
Net income
-$22 million
FY2016FY2023
Diluted EPS
-$0.24
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
38.3
-46.0
-23.2
Capital expenditure
2.8
2.0
2.3
+41.6%
Free cash flow
35.5
-48.0
-25.5
Free cash flow margin
7.2%
-9.8%
-5.9%
Cash from investing
-50.7
-31.8
17.7
Cash from financing
-15.1
-13.9
-5.0
Depreciation and amortisation
4.7
4.8
6.0
-2.2%
Share-based compensation
47.9
48.5
38.0
-1.1%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
93m
87m
83m
+6.4%
Shares outstanding at period end
95m
89m
84m
+7.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
103
87.7
113
+17.8%
Debt
0.0
0.0
0.0
Operating lease liabilities
17.0
19.3
21.5
-11.7%
Other liabilities
165
165
213
+0.0%
Total liabilities and equity
286
272
347
+4.9%
Fixed assets
4.8
7.3
9.6
-35.1%
Goodwill
11.0
11.0
11.0
0.0%
Securities held for sale or to maturity
80.0
29.7
0.0
+169.3%
Cash and equivalents
56.5
84.0
176
-32.7%
Receivables
65.4
66.0
79.6
-0.9%
Inventory
38.4
46.6
38.4
-17.5%
Other assets
29.5
27.6
33.2
+6.8%
Total assets
286
272
347
+4.9%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.