Arlo Technologies (ARLO-N)

They make home security hardware, using an app to control your security service. Yes, Apple has stuff, but Arlo's stuff is solid. In recent years, they're pushing hard into services, including for business clients. Arlo is down 23% YTD. It was spun off from Netgear in 2019 and soon tanked from strong competition, dour outlook and other factors. One big risk was one shareholder owning the lion's share. Pivoting to services last year was a good move, though and now boast a 50% conversion rate to pick up customers (from a trial basis). Losses are shrinking and their quarterly reports are certainly improving. Strong Q1 results, though they were a victim of the spring rotation play. Though margins have improved, it's still losing money. But at $6/share now, this is ridiculously cheap. Carries no debt and trading at 1.2x sales. Could be a takeover target.