Founder, BWS Financial Inc

Hamed Khorsand

Founder

Independent Stock Specific Research

BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Equity Bottom-Up

<ul>
<li>ARLO reached 1 million paid subscribers at a quicker than expected rate. ARLO had projected it would obtain the milestone by March 2022</li>
<li>We believe the current trajectory of paid subscribers puts ARLO on pace to surpass expectations for the fourth quarter and 2022</li>
<li>We believe reaching 1 million paid subscribers is a bigger event than the stock price reflects, and investors should be using this as a buying opportunity.</li>
</ul>


ARLO reached 1 million paid subscribers at a quicker than expected rate. ARLO had projected it would obtain the milestone by March 2022
We believe the current trajectory of paid subscribers puts ARLO on pace to surpass expectations for the fourth quarter and 2022
We believe reaching 1 million paid subscribers is a bigger event than the stock price reflects, and investors should be using this as a buying opportunity.


<ul>
<li>ARLO inched closer to achieving $100 million in service revenue this year after adding 182 thousand paid subscribers</li>
<li>The pace of paid subscriber growth in the third quarter leads us to expect ARLO reaching 1 million paid subscribers in the fourth quarter of 2021</li>
<li>The Company’s third quarter results were ahead of expectations even though ARLO was constrained by supply chain bottlenecks</li>
</ul>


ARLO inched closer to achieving $100 million in service revenue this year after adding 182 thousand paid subscribers
The pace of paid subscriber growth in the third quarter leads us to expect ARLO reaching 1 million paid subscribers in the fourth quarter of 2021
The Company’s third quarter results were ahead of expectations even though ARLO was constrained by supply chain bottlenecks


ARLO: Inflection Point to Profitability, PT to $12

• Arlo Technologies (ARLO) experienced an acceleration in its paid subscription service in the second quarter to help push the quarter above expectations. • ARLO introduced Arlo Secure in July 2021 as a replacement for Arlo Smart. The new service program leverages ARLO’s artificial intelligence development and offers an unlimited devices subscription plan. • ARLO’s second quarter revenue reached $98.6 million of which $25.3 million was from services. European revenue facilitated the increase in product revenue in the quarter. ARLO is anticipating its Verisure exclusive camera to roll out later this year with full production benefit in 2022. • The continued increase in subscriber count and launch of a polished service offering gives ARLO a pathway to profitability in 2022. The fourth quarter could become an inflection point in the business as paid users reaches 1 million, which would provide annualized revenue of approximately $100 million.

• Arlo Technologies (ARLO) experienced an acceleration in its paid subscription service in the second quarter to help push the quarter above expectations. • ARLO introduced Arlo Secure in July 2021 as a replacement for Arlo Smart. The new service program leverages ARLO’s artificial intelligence development and offers an unlimited devices subscription plan. • ARLO’s second quarter revenue reached $98.6 million of which $25.3 million was from services. European revenue facilitated the increase in product revenue in the quarter. ARLO is anticipating its Verisure exclusive camera to roll out later this year with full production benefit in 2022. • The continued increase in subscriber count and launch of a polished service offering gives ARLO a pathway to profitability in 2022. The fourth quarter could become an inflection point in the business as paid users reaches 1 million, which would provide annualized revenue of approximately $100 million. 

United States

Arlo Technologies, Inc. provides software solutions. The Company offers cloud-based platform with a variety of connected devices such as security cameras. Arlo Technologies serves customers in the United States.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Arlo Technologies Inc (ARLO US)

ARLO: 1 Million Paid Subs Achieved

ARLO reached 1 million paid subscribers faster than expected. The rate of net additions in the quarter is ahead of the pace in the third quarter,...

BWS Financial Inc

ARLO: Inflection Point to Profitability, PT to $12

Our price target is now $12 from $10 after ARLO posted better than expected Q3 results on the heels of accelerated paid subscriber growth. ARLO...

BWS Financial Inc

ARLO: Captured Growth

Services continues to grow at a faster than expected rate with net adds rising sequentially. ARLO is expected to experience further ramp in net...

BWS Financial Inc

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)