![\"ARLO\"](\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2018\/07\/ARLO.jpg\")
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Company: Arlo Technologies, Inc.<\/strong> Link to Prospectus<\/a><\/strong><\/p>\n Link to Retail Roadshow<\/a><\/strong><\/p>\n Business<\/strong>: Their cloud-based platform creates a seamless,\u00a0end-to-end\u00a0connected 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\u00a0Wi-Fi\u00a0or a cellular network internet connection. To date, they have launched several categories of award-winning smart connected devices, including wire-free smart\u00a0Wi-Fi\u00a0and LTE-enabled cameras, advanced baby monitors and smart security lights. In addition, Arlo\u2019s 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\u00a0million smart connected devices, and, as of April\u00a01, 2018, their smart platform had over 1.9\u00a0million 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.<\/p>\n Financials:\u00a0<\/strong>In 2016, Arlo grew revenue by 108% over the prior year to $184.6\u00a0million, and in 2017, Arlo further grew revenue by 101% over the prior year to $370.7\u00a0million.\u00a0In 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.<\/p>\n Book-Building Status<\/strong>: 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.<\/p>\n IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n
\nSymbol: ARLO
\nDescription: 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.
\nTrade Date: 8\/3
\nShares: 10.215 million
\nPrice Range: $18.00-$20.00
\nUnderwriter(s): BofA Merrill Lynch, Deutsche Bank Securities, Guggenheim Securities
\nCo-Manager(s): Raymond James, Cowen, Imperial Capital
\nTerms Added: 7-23-18<\/p>\n![\"Arlo.Financials\"](\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2018\/07\/Arlo.Financials.png\")
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