Arlo Technologies Inc. (ARLO) saw its stock surge 5.87% in the pre-market trading session on Friday, following the company's partnership announcement with RapidSOS and its strong fourth-quarter earnings report.
The smart home security company announced a collaboration with RapidSOS, an AI-driven safety platform, to enhance emergency response through AI-powered video verification. This partnership is expected to provide Arlo with a new revenue stream and increase the value proposition of its products and services.
Additionally, Arlo reported a strong performance in its subscription business during the fourth quarter of 2024. The company achieved over 20% year-over-year growth in annual recurring revenue (ARR), surpassing $250 million. This subscription growth is a key driver for Arlo's business and demonstrates the company's ability to acquire and retain customers.
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