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ARLO UNVEILS STRATEGIC PARTNERSHIP WITH ORIGIN AI TO DELIVER ADVANCED SMART HOME SECURITY SOLUTIONS

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Arlo becomes exclusive worldwide provider of Origin’s AI Verified Human Presence™ detection technology to be integrated into new innovative security solutions

SAN JOSE, Calif., Jan. 7, 2025 /PRNewswire/ — Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, today announced a strategic partnership agreement with Origin AI, pioneers in AI Sensing™ technology. Sharing a common mission to protect customers through advanced AI-powered solutions, both Arlo and Origin AI have developed award-winning technologies that have been recognized by industry experts as best-in-class.

Under the agreement, Arlo will have exclusive worldwide rights to market and sell Origin AI’s groundbreaking AI products, TruShield™ and Allos, which deliver Verified Human Presence detection through radio frequency (RF) signals emitted by existing WiFi devices in homes or businesses. This capability enables internet service and other solution providers a simple yet powerful path to bring home security to their customers while increasing accuracy and reducing false alarms.

Additionally, Arlo plans to integrate Origin AI Sensing technologies into future offerings, complementing Arlo’s suite of advanced security solutions powered by Arlo Intelligence — from AI-assisted motion detection to indoor/outdoor video monitoring and professional monitoring with video verification.

“Arlo has been continuously investing for over 10 years in AI- and CV-powered security technologies that enable customers to feel safer, react faster and enjoy greater peace of mind with 24/7 protection from Arlo Secure,” said Matthew McRae, CEO of Arlo Technologies. “With today’s announcement, we are excited to add Origin’s AI Sensing capabilities to create a new integrated AI-powered security offering that will be unmatched in its intelligence and performance.”

“Origin AI is excited to collaborate with Arlo in this strategic partnership,” said Spencer Maid, CEO of Origin AI. “By combining Arlo’s leadership in smart home security with Origin’s cutting-edge AI Sensing technologies, we are delivering unparalleled solutions to redefine how people protect their homes and businesses. This partnership underscores our shared commitment to innovation and customer security.”

Arlo Secure 5, the next generation of smart home security powered by Arlo Intelligence, uses advanced computer vision AI and recognition engines to provide more meaningful, detailed alerts so users can make faster, informed decisions about their security and safety. New AI-powered innovations include:

Person Recognition: Know exactly who has arrived at your home with personalized alerts labeled with names from your private library of named faces.Vehicle Recognition: Protect your driveway with personalized alerts labeled with known vehicles that you previously named.Custom Detection: Train Arlo AI to create personalized, custom detections to protect what matters most to you. Teach your camera to recognize certain objects or changes in view to trigger custom notifications. Whether it’s knowing if the garage door is open, lights were left on in the basement or the dog is on the couch, Arlo AI alerts you to what is happening in and around your home so you know what action to take.Fire Detection: AI-powered notifications that alert you when a fire is detected so you can take immediate action.

Further details about Arlo’s partnership with Origin AI will be shared later this year. For more information on the full range of Arlo smart home security products and services, visit www.Arlo.com. To learn more about Origin AI’s AI Sensing technologies, visit www.originwirelessai.com.

About Arlo Technologies, Inc.
Arlo is an award-winning, industry leader that is transforming the ways in which people can protect everything that matters to them with advanced home, business, and personal security solutions. Arlo’s deep expertise in AI- and CV-powered analytics, cloud services, user experience and product design, and innovative wireless and RF connectivity enables the delivery of a seamless, smart security experience for Arlo users that is easy to set up and interact with every day. Arlo’s cloud-based platform provides users with visibility, insight, and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection. Arlo has recently launched several categories of award-winning connected devices, software, and services. These include wire-free, smart Wi-Fi and LTE-enabled security cameras, video doorbells, floodlights, security system, and Arlo’s subscription services: Arlo Secure and Arlo Safe.

With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to implementing industry standards for data protection designed to keep users’ personal information private and in their control. Arlo provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words “anticipate,” “expect,” “believe,” “will,” “may,” “should,” “estimate,” “project,” “outlook,” “forecast” or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forward-looking statements represent Arlo’s expectations or beliefs concerning future events based on information available at the time such statements were made and include statements regarding the development and performance of Arlo’s services and products; and the impact of the strategic partnership with Origin, including the impact on Arlo’s results of operations or technology and capabilities. These statements are based on management’s current expectations and are subject to certain risks and uncertainties, including the following: any failure to successfully integrate Origin’s AI Sensing™ technology, including TruShield™ and Allos into Arlo’s services and products; the period or scope of exclusivity may be shorter or more limited, respectively, than anticipated; consumers may choose not to utilize payment plans or to adopt the Arlo’s new product offerings, or may adopt competing products; and product performance may be adversely affected by real-world operating conditions. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Further information on potential risk factors that could affect Arlo and its business are detailed in its periodic filings with the Securities and Exchange Commission, including, but not limited to, those risk factors described in its most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q and subsequent filings with the Securities and Exchange Commission. Given these circumstances, you should not place undue reliance on these forward-looking statements. Arlo undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

About Origin

Origin AI leads in AI-enabled WiFi Sensing technology, redefining security with TruShield™ Security for Verified Human Presence™ detection. Trusted by Fortune 500 ISPs and multinational security providers, TruShield Security elevates home safety with precise, reliable whole-home WiFi monitoring. Backed by over 200 patents, Origin’s award-winning technology sets a new standard in privacy and accuracy, proving that WiFi is more than just connectivity—it is proactive, intelligent protection. For more information, visit www.originwirelessai.com.

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SOURCE Arlo Technologies, Inc.

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Shutterstock Appoints Matt Furlong as Chief Marketplace Officer

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Former Gamestop executive to join leadership team as head of Marketplace division

NEW YORK, Jan. 8, 2025 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK) (the “Company”), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced that Matt Furlong will be joining Shutterstock to lead the company’s Marketplace division as Chief Marketplace Officer on Monday, January 13.

In this position and as part of the Shutterstock executive leadership team, Matt will have a key role in shaping the overall strategy, operations and growth of the Marketplace division, which houses the company’s individual user products and solutions across various ecommerce platforms.

“Matt’s extensive leadership experience and deep operational expertise will be a valuable asset to Shutterstock,” said Paul Hennessy, Chief Executive Officer of Shutterstock. “We’re confident in his ability to drive the focus and growth needed to better serve our Marketplace customers while helping to achieve our overall business strategy.”

Matt will also be responsible for ensuring alignment with business goals across Shutterstock’s creative content brands, including PremiumBeat, Pond5 and TurboSquid. In addition, he will oversee the company’s Global Customer Success team.

“I’m thrilled to join Shutterstock at such an exciting time in their transformation as a premier visual content company dedicated to empowering creatives,” said Furlong. “I’ve built my career innovating for customers while building leadership brands, and look forward to doing the same for the Shutterstock Marketplace division.”

Previously, Matt served as the CEO of GameStop for two years, where he was focused on strengthening the customer experience while driving business transformation. Prior to Gamestop, he led numerous multi-billion dollar businesses at Amazon, culminating in his role as the Country Manager for Amazon Australia. Matt began his career at P&G, where he worked for 12 years before joining Amazon.

About Shutterstock, Inc.
Shutterstock, Inc. (NYSE: SSTK) is a premier partner for transformative brands, digital media and marketing companies, empowering the world to create with confidence. Fueled by millions of creators around the world and a fearless approach to product innovation, Shutterstock is the leading global platform for licensing from the most extensive and diverse collection of high-quality 3D models, videos, music, photographs, vectors and illustrations. From the world’s largest content marketplace, to breaking news and A-list entertainment editorial access, to all-in-one content editing platform and studio production service—all using the latest in innovative technology—Shutterstock offers the most comprehensive selection of resources to bring storytelling to life. 

Learn more at www.shutterstock.com and follow us on LinkedIn, Instagram, Twitter, Facebook and YouTube.

View original content to download multimedia:https://www.prnewswire.com/news-releases/shutterstock-appoints-matt-furlong-as-chief-marketplace-officer-302345154.html

SOURCE Shutterstock, Inc.

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InMode to Report Fourth Quarter & Full Year 2024 Financial Results and Hold Conference Call on February 6, 2025, Expects Q4 Revenue Between $97.0M-$97.5M

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Conference call to be held on Thursday, February 6, 2025, at 8:30 a.m. Eastern Standard Time

YOKNEAM, Israel, Jan. 8, 2025 /PRNewswire/ — InMode Ltd. (Nasdaq: INMD), a leading global provider of innovative medical technologies, announced today that it expects to release its financial results for the fourth quarter and full year 2024 before the Nasdaq market opens on Thursday, February 6, 2025.

InMode is currently finalizing its financial results for the fourth quarter and full year of 2024. Management believes that preliminary results reflect stronger-than-expected headwinds in the aesthetics industry, further intensified by broader macroeconomic challenges. While complete financial information and operating data are not yet available, set forth below are certain preliminary financial results for said periods, subject to final adjustments and other developments that may arise between now and the time such financial results are published. Based on preliminary results, management expects:

Revenue for the fourth quarter of 2024 to be in the range of $97.0 million to $97.5 million and revenue for the full year of 2024 to be in the range of $394.0 million to $394.5 millionNon-GAAP1 gross margin for the full year of 2024 to be in the range of 80% to 81%Full year 2025 revenue to be in the range of $395 million to $405 million

1Please refer to “Use of Non-GAAP Financial Measure” below for important information about non-GAAP financial measures. Non-GAAP results exclude share-based compensation.

InMode will host a conference call to discuss the fourth quarter and full year 2024 financial results on Thursday, February 6, 2025, at 8:30 a.m. Eastern Standard Time with presentations from management including Moshe Mizrahy, Chief Executive Officer, Yair Malca, Chief Financial Officer and Dr. Michael Kreindel, Chief Technology Officer.

The Company encourages participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10195703/fe3de01ec4. Callers will receive a unique dial-in upon registration, which enables immediate access on the day of the call. Participants may pre-register at any time, including up to and after the call start time.

For callers that opt out of pre-registration, please dial one of the following teleconferencing numbers. Please begin by placing your call 10 minutes before the conference call commences. If you are unable to connect using the toll-free number, please try the international dial-in number.

U.S. Toll-Free: 1-833-316-0562
Israel Toll-Free: 1-80-921-2373
International: 1-412-317-5736                                                                                      

Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=4AkhyaPz

At:

8:30 a.m. Eastern Time
5:30 a.m. Pacific Time

The conference call will also be webcast live from a link on InMode’s website at https://inmodemd.com/investors/events-presentations/. A replay of the conference call will be available from February 6, 2025, at 12:00 p.m. Eastern Time to February 13, 2025, at 11:59 p.m. Eastern Time. To access the replay, please dial one of the following numbers:

Replay U.S. TOLL-FREE: 1-877-344-7529
Replay TOLL/INTERNATIONAL: 1-412-317-0088
Replay Pin Number: 4023671

A replay will also be available for 90 days on InMode’s website at: https://inmodemd.com/investors/events-presentations/

About InMode

InMode is a leading global provider of innovative medical technologies. InMode develops, manufactures, and markets devices harnessing novel radiofrequency (“RF”) technology. InMode strives to enable new emerging surgical procedures as well as improve existing treatments. InMode has leveraged its medically accepted minimally invasive RF technologies to offer a comprehensive line of products across several categories for plastic surgery, gynecology, dermatology, otolaryngology, and ophthalmology. For more information about InMode and its wide array of medical technologies, visit www.inmodemd.com.

Forward-Looking Statements

The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or InMode’s future financial or operating performance, including, but not limited to, the 2025 revenue projection described above. Actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. In some cases, you can identify these statements because they contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “will,” “would” and similar expressions that concern our expectations, strategic plans or intentions. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Consequently, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in InMode’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on February 13, 2024, and our future public filings. InMode undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which pertain only as of the date of this press release.

Use of Non-GAAP Financial Measure

In addition to InMode’s operating results presented in accordance with GAAP, this release includes non-GAAP gross margin. Because this measure is used in InMode’s internal analysis of financial and operating performance, management believes that it provides greater transparency to investors of management’s view of InMode’s economic performance. Management also believes the presentation of this measure, when analyzed in conjunction with InMode’s GAAP operating results, allows investors to evaluate and compare the performance of InMode to that of its peers, although InMode’s presentation of its non-GAAP measure may not be comparable to other similarly titled measures of other companies more effectively.

 

Company Contact:

Yair Malca

Chief Financial Officer

Email: Yair.Malca@inmodemd.com

Investor Relations Contact:

Miri Segal

MS-IR LLC

Email: ir@inmodemd.com

Logo – https://mma.prnewswire.com/media/1064477/InMode_Logo.jpg

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SOURCE InMode Ltd.

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Setting New Year’s Resolutions? 91% of Canadians believe we should choose progress over perfection

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The no. 1 global nutrition and food tracking app, MyFitnessPal, helps users embrace sustainable eating habits in the New Year, without the pressure and intensity of an ‘all or nothing’ mindset

TORONTO, Jan. 8, 2025 /CNW/ – The new year is here and with it, the push to set and maintain health-focused resolutions. Whether it’s the latest diet trend on social media, the guilt that creeps in after holiday festivities, or the long-held belief that this is the one time a year to become a “new you,” this kind of pressure is not a sustainable approach to wellness. A recent survey shows that of the 19% of Canadians that tried a fad diet, 43% were not successful in reaching their health goals. The New Year can be a fresh start, which is why MyFitnessPal, the no. 1 global nutrition and food tracking app, is encouraging its members to embrace the philosophy of progress over perfection.

Survey Says:

Of those who tried a fad diet and were not successful, 70% say it was because the diet was too restrictive.24% of Gen Z and Millennials have tried a fad diet.91% of Canadians surveyed agree that focusing on progress over perfection is the best approach to successfully achieving a health goal.

Rather than restricting or depriving yourself, it’s about making intentional choices. By planning your week and tracking your food, you will build realistic, achievable habits that account for the moments when real life happens––setting a foundation not only for today, but for life.

“MyFitnessPal acknowledges the mad fads that have been encouraged over the years in a bid for achieving what society deems ‘perfect’,” says Head of Nutrition, Melissa Jaeger, RD. “At MyFitnessPal, we encourage striving for progress, not the concept of ‘perfection’. Restrictive diets lack sustainability and overall nutrient balance – a few factors that contribute to why ‘quick fixes’, fad, or restrictive diets aren’t the solution to achieving long term health goals. Instead of trying the latest fad or revisiting an old trend – try tracking your foods, building awareness of your nutrition habits, and knowing where you stand with your health. Most importantly, don’t let it get in the way of real life. Have a piece of cake on your child’s birthday and enjoy some poutine occasionally––because that’s real life.”

To ensure you always know where you stand when life gets real, Melissa created three tips for a healthy and joyful January.

Add, Don’t Subtract 
Instead of focusing on what you would cut out from your diet this January, set a goal for what you could add to your diet to help support overall motivation and progress towards health and nutrition goals.

Consider setting a SMART – Specific, Measurable, Achievable, Relevant and Time Bound – goal to increase daily fruit, vegetable, or water intake. Not only can small steps support overall health goals, they can also reframe how we view our diet when it comes to goal setting. An app like MyFitnessPal makes tracking fruit and vegetable intake simple through the My Weekly Report feature, highlighting dietary patterns based on food groups. You can also track daily water intake via the water tracking widget in the app’s home screen.

Stay Social While Staying on Track
Life doesn’t stop when you set a health goal and it shouldn’t have to. Instead of saying no to dinners at restaurants with family or happy hours with friends, account for these moments by logging your meals so you always know where you stand on the journey to meeting your health goals.

“Tracking what you eat can help you understand the impact of your dietary choices, encouraging a healthier and more mindful approach to eating. When you allow room for flexibility, like enjoying a side of fries, you’re more likely to stay motivated to keep progressing towards your health goals,” says Jaeger.

Don’t Put too Much on January or Yourself
Remember that January is just one month out of the year. Just as one meal, snack or beverage isn’t going to make or break your progress towards your health goals, the first month of the year isn’t the only month to focus on your health goals. Prioritize your health and wellbeing year-round, using tracking tools like MyFitnessPal to gain insight into your dietary habits and learn where you have room for modifications to support your goals.

For more information on MyFitnessPal, visit www.myfitnesspal.com or download the app for free via the App Store or Google Play.

Methodology
This Maru Public Opinion survey conducted on behalf of MyFitnessPal was undertaken by the sample and data collection experts at Maru/Blue. 1,531 randomly selected Canadians adults who are Maru Voice Canada online panelists were surveyed from December 18 to December 19, 2024. The results of this study have been weighted by education, age, gender, and region (and in Quebec, language) to match the population, according to Census data. This is to ensure the sample is representative of the entire adult population of Canada. For comparison purposes, a probability sample of this size has an estimated margin of error (which measures sampling variability) of +/- 2.5%, 19 times out of 20. Discrepancies in or between totals when compared to the data tables are due to rounding. 

About MyFitnessPal
MyFitnessPal is the #1 global nutrition and food tracking app for achieving health goals, especially weight management. Since 2005, MyFitnessPal has empowered over 200 million users in over 120 countries to improve their health by tracking their food, recording exercise activity, and logging their weight. As one of the world’s most trusted resources on nutrition, MyFitnessPal’s mission is to help people around the world reach their health goals through better food choices by providing knowledge, motivation and a sense of progress. With one of the largest food databases in the world comprising over 19 million foods, access to over 500 recipes, more than 50 workout routines and exercise demos, and over 40 connected fitness partners, MyFitnessPal provides users with tools for positive healthy change. The MyFitnessPal app is available on the App Store and Google Play store. To learn more, visit www.myfitnesspal.com or follow MyFitnessPal on Facebook, Instagram, LinkedIn, TikTok and Twitter.

SOURCE MyFitnessPal

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