Arlo Technologies, Inc. provides software solutions. The Company offers cloud-based platform with a variety of connected devices such as security cameras. The company is being spun out of Netgear. The company was founded in 2014.
This latest expansion to Arlo's smart home security ecosystem is the must-have solution for those who want peace of mind in a package that's quick to install anywhere, indoors or out. Starting at an MSRP of just $129.99 , the Essential Spotlight Camera is now available for pre-order and rolling out at major retailers including BestBuy ,Walmart, Home Depot, Lowes, Amazon.com and Arlo.com. "The Essential Spotlight Camera is a simple, plug and play solution that delivers families peace of mind by keeping an eye on what's happening in and around home," said Tejas Shah , SVP product and chief information officer.
Tuesday was just not Arlo Technologies' (NYSE: ARLO) day. For the quarter, Arlo posted $65.5 million in revenue, which was 13% higher than in the same period last year. Per non-GAAP (adjusted) standards, net loss narrowed to $25.8 million ($0.34 per share), from Q1 2019's $35.3 million.
The U.S. death toll from the coronavirus that causes COVID-19 climbed above 81,000 on Tuesday, as President Donald Trump, defending his record on testing in the U.S., ended his White House news conference abruptly following an angry exchange with two reporters.
Joining us from the company are Mr. Matthew McRae, CEO; and Ms. The format of the call will start with an introduction and commentary on the business provided by Matt, followed by a review of the financials for the first quarter, along with guidance provided by Christine. Before we begin the formal remarks, we advise you that today's conference call contains forward-looking statements.