Arlo Technologies (ARLO)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -24,903 | -46,870 | -59,034 | -62,347 | -56,879 | -41,684 | -42,859 | -57,338 | -60,138 | -68,577 | -70,923 | -75,437 | -104,864 | -67,397 | -80,490 | -84,241 | -85,221 | -146,632 | -128,954 | -111,033 |
| Revenue (ttm) | US$ in thousands | 495,885 | 478,632 | 475,901 | 479,098 | 493,340 | 517,147 | 499,348 | 478,314 | 435,648 | 407,138 | 406,300 | 374,509 | 358,206 | 365,783 | 362,185 | 379,712 | 372,177 | 371,922 | 396,887 | 423,525 |
| Operating profit margin | -5.02% | -9.79% | -12.40% | -13.01% | -11.53% | -8.06% | -8.58% | -11.99% | -13.80% | -16.84% | -17.46% | -20.14% | -29.27% | -18.43% | -22.22% | -22.19% | -22.90% | -39.43% | -32.49% | -26.22% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-24,903K ÷ $495,885K
= -5.02%
Based on the operating profit margin data of Arlo Technologies Inc over the past eight quarters, there has been a fluctuating trend observed. From Q1 2022 to Q3 2023, the operating profit margin has shown a declining pattern, with Q1 2023 recording the lowest figure of -12.72%. This indicates that the company's ability to generate profit from its core operations has been somewhat challenged during this period.
However, it is worth noting that in Q4 2023, there was a slight improvement in the operating profit margin, although it remained negative at -5.07%. This could suggest some efforts by the company to control costs or increase revenues during that quarter.
Overall, the downward trend in the operating profit margin indicates that Arlo Technologies Inc may be facing challenges in efficiently managing its operating expenses relative to its revenue generation. It would be important for the company to closely monitor and address the factors contributing to these margin declines to improve its profitability in the future.
Peer comparison
Dec 31, 2023