Arlo's stock price has fallen 70% since its 2018 IPO but the company says it has "pivoted to become services-focused" and "is not the same company it was a year ago".
In the mid-2010s Netgear Arlo burst onto the scene as an early entrant in totally wire-free cameras. Now, facing significant competition, the company is aiming to build a subscription business.
Inside this note, IPVM examines:
- Arlo Financials
- Verisure European Deal
- Valuation, 65% Drop from IPO
- Transition to SaaS
- Biggest Customers/Channels
- Geographic Breakdown