Arlo Technologies (ARLO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -22,036 | -56,626 | -56,029 | -101,251 | -85,951 |
| Revenue | US$ in thousands | 497,111 | 493,340 | 435,648 | 358,248 | 427,625 |
| Net profit margin | -4.43% | -11.48% | -12.86% | -28.26% | -20.10% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-22,036K ÷ $497,111K
= -4.43%
The net profit margin of Arlo Technologies Inc has shown fluctuating trends over the past five years. In 2023, the net profit margin improved to -4.49% from a decline of -11.55% in 2022 and -12.88% in 2021. However, the company still experienced losses in 2023, although to a lesser extent than in the previous years. The significant improvement from 2020 and 2019, where the net profit margins were -28.35% and -23.23% respectively, suggests some progress in the company's profitability, albeit remaining below the breakeven point. Further analysis is recommended to understand the underlying factors contributing to these margin changes and to assess the company's overall financial performance.
Peer comparison
Dec 31, 2023