Arlo Technologies (ARLO)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -20,861 | -55,651 | -55,352 | -100,626 | -81,571 |
| Revenue | US$ in thousands | 497,111 | 493,340 | 435,648 | 358,248 | 427,625 |
| Pretax margin | -4.20% | -11.28% | -12.71% | -28.09% | -19.08% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-20,861K ÷ $497,111K
= -4.20%
The pretax margin of Arlo Technologies Inc has shown a fluctuating trend over the past five years. In 2019, the pretax margin was the highest at -22.05%, although still in the negative territory. Subsequently, the company experienced a decline in pretax margin in 2020, reaching its lowest point at -28.17%. However, there was a slight improvement in 2021 and 2022, with pretax margins of -12.72% and -11.35% respectively.
The most recent data for the pretax margin in 2023 indicates a further improvement to -4.25%, suggesting that the company has been able to better manage its pre-tax profitability compared to the previous years. It is important to note that despite the improvements, Arlo Technologies Inc continues to operate with negative pretax margins, which may indicate ongoing challenges in generating profits before taxes. Monitoring future trends in the pretax margin will be crucial to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023