Entering text into the input field will update the search result below

Arlo Technologies, Inc. (ARLO) CEO Matt McRae on Q1 2021 Results - Earnings Call Transcript

SA Transcripts profile picture
SA Transcripts

Arlo Technologies, Inc. (NYSE:ARLO) Q1 2021 Earnings Conference Call May 5, 2021 5:00 PM ET

Company Participants

Erik Bylin - Investor Relations

Matt McRae - Chief Executive Officer

Gordon Mattingly - Chief Financial Officer

Conference Call Participants

Catherine Huntley - Raymond James

Jeffrey Rand - Deutsche Bank

Thomas Boyes - Cowen and Company


Ladies and gentlemen, thank you for standing by. [Operator Instructions] I would now like to turn the conference over to Erik Bylin. Please go ahead, sir.

Erik Bylin

Thank you, operator. Good afternoon and welcome to Arlo Technologies' first quarter of 2021 financial results conference call. Joining us from the company are Mr. Matthew McRae, CEO; and Mr. Gordon Mattingly, CFO. The format of the call will start with an introduction and commentary in the business provided by Matt, followed by a review of the financials for the first quarter, along with guidance, provided by Gordon. We'll then have time for any questions. If you have not received a copy of today's press release, please visit Arlo's investor relations website at investor.arlo.com.

Before we begin the formal remarks, we advise you that today's conference call contains forward-looking statements. Forward-looking statements include statements regarding expected revenue, gross margins, operating margins, tax rates, expenses, future cash outlook, our partnership with Verisure, continued new product and service differentiation, future business outlook, and the impact of COVID-19 pandemic on our business and operations. Actual results or trends could differ materially from those contemplated by these forward-looking statements. For more information, please refer to the risk factors discussed in Arlo's periodic filings with the SEC, including the most recent annual report on Form 10-K.

Any forward-looking statements that we make on this call are based on assumptions as of today, and Arlo undertakes no obligation to update these statements as a result

Recommended For You

Comments (2)

alinandad profile picture
When they reach break even in the second half, there will be no need for a capital raise - that seals the deal for me in the current environment. Long ARLO.
Investing For The Future profile picture
@alinandad Agreed. The only reason for a capital raise would be for continued R&D reinvestment in the company, but as they just finished a refresh of their entire product portfolio it's difficult to see R&D spiraling out of control in the near-term.

The company is in an excellent position with no debt and sufficient cash flow through rest of year from a balance sheet perspective. Watch them reach 1 million paid subscribers by Q4 2021 and they will be on an amazing growth track shortly thereafter.

The products continue winning exceptional amounts of awards and despite a staggering number of competitors Arlo is growing - clearly the business model works, even against the likes of Google, Amazon, etc.
To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!

About ARLO

SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on ARLO

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.