Arlo Technologies, Inc. (NYSE:ARLO) Q4 2023 Earnings Conference Call February 29, 2024 5:00 PM ET

Company Participants

Tahmin Clarke - Investor Relations

Matthew McRae - Chief Executive Officer

Kurt Binder - Chief Financial Officer

Conference Call Participants

Scott Searle - ROTH MKM

Jacob Stephan - Lake Street

Adam Tindle - Raymond James

Anthony Stoss - Craig-Hallum

Hamed Khorsand - BWS Financial

Operator

Good afternoon, ladies and gentlemen. Thank you for standing by. At this time, I would like to welcome everyone to the Arlo Technologies’ Fourth Quarter and Full Year 2023 Earnings Call. All lines are in a listen-only participant mode. Later, we will conduct a question-and-answer session. [Operator Instructions]

I would now like to turn the conference over to Tahmin Clarke. Please go ahead, sir.

Tahmin Clarke

Good afternoon, everyone, and welcome to Arlo Technologies' fourth quarter and full-year 2023 financial results conference call. Joining us from the company are Mr. Matthew McRae, CEO; and Mr. Kurt Binder, CFO.

The format of the call will start with an introduction and overview provided by Matt, and followed by a review of the financial results by, Kurt. Matt, will then share an update on technology and innovation, and Kurt will deliver guidance for the first quarter and full-year. Then we'll wrap up with Matt, providing an update on the long range targets, and the team will then answer any questions that you may have. If you have not received a copy of today's release, please visit Arlo's Investor Relations website at investor.arlo.com.

Before we begin the formal remarks, we advise you that today's conference call contains forward-looking statements. Forward-looking statements include statements regarding our potential future business, operating results and financial condition, including descriptions of our revenue, gross margins, operating margins, earnings per share, expenses, cash outlook, free cash flow and free cash flow margin, guidance for the first quarter and full-year of 2024, long range targets, the rate and timing of paid subscriber growth, the transition to a services-first business model, the commercial launch and momentum of new products and services, strategic objectives and initiatives, market expansion and future growth, partnerships with various market leaders and strategic collaborators, continued new product and service differentiation, and the impact of general macroeconomic conditions on our business, operating results, and financial condition. Actual results or trends could differ materially from those contemplated by these forward-looking statements.

For more information, please refer to the risk factors discussed in Arlo's periodic filings with the SEC, including the most recent annual report on Form 10-K and quarterly report on Form 10-Q. Any forward-looking statements that we make on this call are based on assumptions as of today, and Arlo undertakes no obligation to update these statements as a result of new information or future events. In addition, several non-GAAP financial measures will be discussed on this call. A reconciliation of the GAAP to non-GAAP measures can be found in today's press release on our Investor Relations website.