Arlo Technologies rises on higher paid customers at end of Q1

Arlo Technologies

12/05/2023 15:08

(Updates)
    ** Shares of home automation co Arlo Technologies Inc
 ARLO.N  up 19.5% at $8.43 - an over one-year high
    ** Co reports cumulative paid accounts of over 2 mln at end
of first quarter vs 1.3 mln a year earlier
    ** Ended Q1 with annual recurring revenue of $182.6 mln vs
$101.3 mln a year earlier 
    ** Q1 adj. EPS of 1 cent, same as year earlier
    ** ARLO up about 135% YTD

 (Reporting by Vaibhav Sadhamta)
 ((Vaibhav.Sadhamta@thomsonreuters.com;))