Arlo Technologies, Inc. (ARLO) [Rocket]

In millions, except per share items	Jul-02-23	Apr-02-23	Dec-31-22	Oct-02-22	Jul-03-22	Apr-03-22	Dec-31-21	Oct-03-21
	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q
Revenues:
Other Countries	13.2	11.7			8.2	12.9
Americas	78.1	56.6			60.3	68.5
United States	78.2	55.8			60.0	65.2
Ireland	4.1	4.9			10.7	22.1
Total revenues	115.1	111.0	118.5	128.2	119.0	124.8	142.9	111.1
Revenue growth [+]	-3.3%	-11.0%	-17.0%	15.3%	20.7%	51.1%	24.4%	0.8%
Other Countries	61.9%	-8.9%
Americas	29.5%	-17.3%
United States	30.3%	-14.4%
Ireland	-61.5%	-77.9%
Spain	-51.3%	57.0%
Cost of goods sold	73.2	75.8	86.6	91.4	85.2	91.2	111.1	86.8
Gross profit	41.9	35.2	32.0	36.8	33.7	33.6	31.7	24.3
Gross margin	36.4%	31.7%	27.0%	28.7%	28.4%	26.9%	22.2%	21.9%
Selling, general and administrative [+]	16.9	15.4	37.7	34.7	14.5	13.2	23.7	25.6
Sales and marketing	16.9	15.4	20.2	22.2	14.5	13.2	12.5	12.8
General and administrative [+]			17.5	12.5			11.2	12.8
General and administrative expenses			17.9	12.3			12.6	12.1
Professional fees				0.3				0.7
Research and development			14.5	16.5			13.6	14.4
Other operating expenses	33.0	31.9	-1.4		30.6	29.1	1.6
EBITDA [+]	-6.8	-10.9	-17.7	-13.3	-10.1	-7.4	-5.8	-14.2
EBITDA growth	-32.6%	48.0%	205.1%	-6.5%	-32.9%	-25.7%	-55.0%	-7.6%
EBITDA margin	-5.9%	-9.8%	-14.9%	-10.4%	-8.5%	-5.9%	-4.1%	-12.8%
Depreciation and amortization	1.2	1.1	1.1	1.1	1.2	1.3	1.4	1.4
EBIT [+]	-8.0	-12.1	-18.8	-14.4	-11.3	-8.7	-7.2	-15.6
EBIT growth	-29.2%	39.1%	160.2%	-7.5%	-32.1%	-24.4%	-52.1%	-13.1%
EBIT margin	-7.0%	-10.9%	-15.9%	-11.3%	-9.5%	-7.0%	-5.1%	-14.0%
Non-recurring items		2.1	3.6
Interest income, net [+]			0.5	0.3			0.0	0.0
Interest expense								0.0
Interest income			0.5	0.3			0.0
Other income (expense), net [+]	0.9	0.7	0.0	0.0	0.0	0.4	0.6	0.6
Other			0.0	0.0			0.6	0.6
Pre-tax income	-7.1	-13.5	-21.9	-14.1	-11.3	-8.3	-6.6	-15.0
Income taxes	0.2	0.8	0.2	0.3	0.2	0.2	0.2	0.2
Tax rate
Net income	0.0	0.0	-22.2	-14.4	0.0	0.0	-6.8	-15.2
Net margin	0.0%	0.0%	-18.7%	-11.3%	0.0%	0.0%	-4.8%	-13.7%

Basic EPS [+]	$0.00	$0.00	($0.25)	($0.16)	$0.00	$0.00	($0.08)	($0.18)
Growth			209.4%	-9.7%	-100.0%	-100.0%	-57.8%	-18.3%
Diluted EPS [+]	$0.00	$0.00	($0.25)	($0.16)	$0.00	$0.00	($0.08)	($0.18)
Growth			209.4%	-9.7%	-100.0%	-100.0%	-57.8%	-18.3%

Shares outstanding (basic) [+]	92.3	89.7	87.2	88.1	86.9	85.2	82.7	83.8
Growth	6.3%	5.2%	5.4%	5.1%	5.8%	6.0%	5.9%	6.5%
Shares outstanding (diluted) [+]	92.3	89.7	87.2	88.1	86.9	85.2	82.7	83.8
Growth	6.3%	5.2%	5.4%	5.1%	5.8%	6.0%	5.9%	6.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.