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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 140M | 7.8% |
| Gross Profit | 48M | 3.3% |
| Cost of Revenue | 125M | 3.4% |
| Operating expense | 54M | 9.7% |
| Net Income | -4.4M | 61.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 312M | 5.6% |
| Total Liabilities | 215M | 9.6% |
| Total Equity | 97M | 2.4% |
| Shares Outstanding | 100M | 2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 18M | 184.2% |
| Cash from investing | 11M | 6584.3% |
| Cash from financing | -16M | 148.9% |
EPS
Financial Highlights for Arlo Smart Home in Q3 '24
Arlo Smart Home reported a revenue of 140M, which is a 7.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 48M, marking a 3.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 125M, a 3.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 54M, showing a -9.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -4.4M, showing a 61.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Arlo Smart Home with growth in revenue, gross profit, and net income.
