Arlo Technologies: Q2 Earnings Snapshot
CARLSBAD, Calif. (AP) _ Arlo Technologies Inc. (ARLO) on Tuesday reported a loss of $11.6 million in its second quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 13 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 1 cent per share.
The maker of smart connected devices posted revenue of $119 million in the period.
For the current quarter ending in October, Arlo Technologies expects its results to range from a loss of 17 cents per share to a loss of 10 cents per share.
The company said it expects revenue in the range of $125 million to $135 million for the fiscal third quarter.
Arlo Technologies shares have dropped 32% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.18, a rise of 18% in the last 12 months.