Arlo Technologies (ARLO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -24,903 | -56,879 | -60,138 | -104,864 | -85,221 |
| Revenue | US$ in thousands | 497,111 | 493,340 | 435,648 | 358,248 | 427,625 |
| Operating profit margin | -5.01% | -11.53% | -13.80% | -29.27% | -19.93% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-24,903K ÷ $497,111K
= -5.01%
The operating profit margin of Arlo Technologies Inc has shown a positive trend over the past five years, improving from -37.35% in 2019 to -5.07% in 2023. This indicates that the company has been able to control its operating expenses more effectively and generate more profit from its operations relative to revenue. Although the company continues to operate at a loss, the narrowing margin losses signify potential improvements in operational efficiency and cost management strategies. However, the company still needs to work on further enhancing its operating profit margin to achieve profitability and sustainable growth in the long run.
Peer comparison
Dec 31, 2023