Arlo Technologies Intrinsic Value – ARLO TECHNOLOGIES Reports Earnings Results for Second Quarter of Fiscal Year 2023
August 13, 2023
🌥️Earnings Overview
On August 10 2023, ARLO TECHNOLOGIES ($NYSE:ARLO) reported their earnings results for the second quarter of fiscal year 2023, ending June 30 2023. Total revenue for the quarter was USD 115.1 million, a 3.3% decline from Q2 of the prior year. Net income for the quarter was USD -7.4 million, an improvement from the -11.6 million reported in the same quarter last year.
Stock Price
The stock opened at $10.1 and closed at $10.2, up 0.9% from its prior closing price of 10.1. Overall, the second quarter of 2023 saw a positive performance from ARLO TECHNOLOGIES, with an increase in revenue and net income, and a slight uptick in stock price on Thursday. The company is looking to build on this success and continue to grow its presence in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Arlo Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 472.76 | -58.2 | -12.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Arlo Technologies. More…
| Operations | Investing | Financing |
| 6.33 | -14.49 | -15.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Arlo Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 269.02 | 187.26 | 0.89 |
Key Ratios Snapshot
Some of the financial key ratios for Arlo Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.4% | – | -12.1% |
| FCF Margin | ROE | ROA |
| 0.6% | -42.6% | -13.3% |
Analysis – Arlo Technologies Intrinsic Value
At GoodWhale, we have conducted a comprehensive analysis of ARLO TECHNOLOGIES‘ fundamentals. Using our proprietary Valuation Line, we have come to the conclusion that the intrinsic value of ARLO TECHNOLOGIES share is approximately $6.7. At present, ARLO TECHNOLOGIES stock is trading at $10.2 – meaning that it is overvalued by 51.1%. We believe that this discrepancy between the market price and intrinsic value represents an ideal investing opportunity. More…
Peers
The company was founded in 2007 and is headquartered in San Mateo, California. Arlo has a wide range of products that cater to both home and business security needs. The company offers both indoor and outdoor cameras, as well as video doorbells and security lights. Arlo’s products are easy to install and can be controlled via the company’s mobile app. Arlo’s main competitors are Thruvision Group PLC, Senstar Technologies Ltd, and Synectics PLC. These companies also offer security cameras and systems, but they each have their own unique selling points. Thruvision Group PLC is a UK-based company that specializes in body-worn cameras. Senstar Technologies Ltd is a Canadian company that offers a wide range of security solutions, including video surveillance, access control, and perimeter security. Synectics PLC is a UK-based company that specializes in video surveillance systems.
– Thruvision Group PLC ($LSE:THRU)
Thruvision Group is a technology company that provides solutions for security, crowd management, and people flow management. The company has a market cap of 33.72M as of 2022 and a ROE of -12.33%. Thruvision’s solutions are used in a variety of settings, including airports, stadiums, and mass transit systems.
– Senstar Technologies Ltd ($NASDAQ:SNT)
Senstar Technologies Ltd is a Canadian company that specializes in the development and manufacture of physical security products. The company has a market capitalization of $39.28 million and a return on equity of -3.59%. Senstar’s products are used in a variety of industries, including government, healthcare, finance, retail, and education.
– Synectics PLC ($LSE:SNX)
Synetec PLC is a provider of technology solutions. The company operates in three segments: Solutions, Services, and Software. The Solutions segment offers technology solutions that help organizations to be more efficient and effective. The Services segment provides professional services that help organizations to implement and use the company’s solutions. The Software segment develops and sells software products that complement the company’s solutions.
Summary
Investors have been watching ARLO TECHNOLOGIES closely following their earnings report for the second quarter of fiscal year 2023. The total revenue for the quarter was USD 115.1 million, a 3.3% decrease from the same quarter the previous year. However, there was some cause for optimism as the net income reported was a marked improvement from the -11.6 million in the prior year, coming in at -7.4 million. Despite the decrease in revenue, investors may be encouraged by the increase in profits and view ARLO TECHNOLOGIES as a long-term investment opportunity.
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