Company: Arlo Technologies, Inc.
Symbol: ARLO
Description: Arlo combines an intelligent cloud infrastructure and mobile app with a variety of smart connected devices that transform the way people experience the connected lifestyle.
Trade Date: 8/3
Shares: 10.215 million
Price Range: $18.00-$20.00
Underwriter(s): BofA Merrill Lynch, Deutsche Bank Securities, Guggenheim Securities
Co-Manager(s): Raymond James, Cowen, Imperial Capital
Terms Added: 7-23-18
Business: Their cloud-based platform creates a seamless, end-to-end connected lifestyle solution that provides users visibility, insight and a powerful means to help protect and connect with the people and things that matter most to them. Arlo enables users to monitor their environments and engage in real-time with their families and businesses from any location with a Wi-Fi or a cellular network internet connection. To date, they have launched several categories of award-winning smart connected devices, including wire-free smart Wi-Fi and LTE-enabled cameras, advanced baby monitors and smart security lights. In addition, Arlo’s broad compatibility allows the platform to seamlessly integrate with third-party products and protocols. Since the launch of their first product in December 2014, they have shipped over 7.5 million smart connected devices, and, as of April 1, 2018, their smart platform had over 1.9 million registered users across more than 100 countries around the world. They plan to continue to introduce new smart connected devices to the Arlo platform in new categories, increase the number of registered users on their platform, keep them highly engaged through their mobile app and generate incremental recurring revenue by offering them paid subscription services.
Financials: In 2016, Arlo grew revenue by 108% over the prior year to $184.6 million, and in 2017, Arlo further grew revenue by 101% over the prior year to $370.7 million. In 2017, their net income increased to a $6.5 million gain from a $13.1 million loss in the previous year. In the first quarter of 2018, their revenue increased 62.8% to $100.6 million, and their net dropped from a $24 thousand gain to a $5.4 million loss, reflecting $6.6 million in separation expenses, compared to the same period in the previous year.
Book-Building Status: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.
IPO Boutique subscription clients receive daily updates on this critical information.
Conclusion: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a track record with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance to showcase the value of IPO Boutique’s service.
Indicate with confidence, SUBSCRIBE today.
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish