10-Q Filing

ARLO TECHNOLOGIES, INC. CIK: 1736946 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001736946-18-000004`
Period End Date	20180630
Filing Date	20180827
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	arlo-20180701.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 68 Cash Flow Statement 48

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$220.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$111.11M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$157.68M	USD	Point-in-time
Inventories	`InventoryNet`	$82.95M	USD	Point-in-time
Inventories	`InventoryNet`	$123.19M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.02M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$243.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$241.01M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.88M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.39M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$3.58M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$4.35M	USD	Point-in-time
Goodwill	`Goodwill`	$15.64M	USD	Point-in-time
Goodwill	`Goodwill`	$15.64M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$3.44M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.19M	USD	Point-in-time
Total assets	`Assets`	$269.82M	USD	Point-in-time
Total assets	`Assets`	$276.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$25.52M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$34.07M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$25.83M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$76.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$96.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$147.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$130.88M	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$13.33M	USD	Point-in-time
Non-current deferred revenue	`DeferredRevenueNoncurrent`	$16.56M	USD	Point-in-time
Non-current income taxes payable	`OtherLiabilitiesNoncurrent`	$230.00K	USD	Point-in-time
Non-current income taxes payable	`OtherLiabilitiesNoncurrent`	$189.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$164.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$144.40M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Net parent investment	`RetainedEarningsAccumulatedDeficit`	$111.44M	USD	Point-in-time
Net parent investment	`RetainedEarningsAccumulatedDeficit`	$125.42M	USD	Point-in-time
Total equity	`StockholdersEquity`	$111.44M	USD	Point-in-time
Total equity	`StockholdersEquity`	$125.42M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$269.82M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$276.07M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$211.59M	USD	2 Qtrs
Revenue	`Revenues`	$79.19M	USD	1 Quarter
Revenue	`Revenues`	$141.00M	USD	2 Qtrs
Revenue	`Revenues`	$110.95M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$154.24M	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$107.93M	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$82.65M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$62.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$57.35M	USD	2 Qtrs
Gross profit	`GrossProfit`	$28.29M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.71M	USD	1 Quarter
Gross profit	`GrossProfit`	$33.06M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$25.83M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$16.60M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$8.61M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.80M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$24.28M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$13.08M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$13.07M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$7.36M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.20M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.09M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.32M	USD	1 Quarter
Separation expense	`ProfessionalFees`	-	USD	1 Quarter
Separation expense	`ProfessionalFees`	$17.83M	USD	2 Qtrs
Separation expense	`ProfessionalFees`	-	USD	2 Qtrs
Separation expense	`ProfessionalFees`	$11.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$44.46M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$79.13M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$35.77M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$19.32M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.61M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-21.78M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-16.16M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.71M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$933.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$593.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.37M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-794.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-17.53M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-22.58M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.02M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.77M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$356.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$137.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$607.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$288.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.13M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.15M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.18M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-17.82M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.37	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.29	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.29	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.37	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.50M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.50M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.50M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.50M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.50M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.50M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.50M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.13M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.15M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.18M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-17.82M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.91M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.96M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.35M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.90M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-132.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-4.32M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-47.40M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$40.62M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$22.61M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.56M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-461.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.38M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.51M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$6.56M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$4.55M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$2.73M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$5.40M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$488.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$41.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.56M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.74M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.53M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.13M	USD	2 Qtrs
Payments made in connection with business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$737.00K	USD	2 Qtrs
Payments made in connection with business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.87M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.53M	USD	2 Qtrs
Net investment from parent	`Netparentinvestment`	$-10.30M	USD	2 Qtrs
Net investment from parent	`Netparentinvestment`	$-17.25M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.25M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.30M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-179.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$25.00K	USD	2 Qtrs
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$133.00K	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$220.00K	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$108.00K	USD	Point-in-time
Cash and cash equivalents, at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.00K	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$133.00K	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$220.00K	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$108.00K	USD	Point-in-time
Cash and cash equivalents, at end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.00K	USD	Point-in-time
Purchases and transfers of property and equipment	`Purchasesandtransfersofpropertyandequipment`	$2.17M	USD	2 Qtrs
Purchases and transfers of property and equipment	`Purchasesandtransfersofpropertyandequipment`	$360.00K	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.