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Mar 31, 2020
Alarm.com Q1 2020 Earnings Report
Alarm.com's first quarter results for 2020 were reported, with SaaS and license revenue increasing by 14.9% year-over-year, and total revenue increasing by 35.3% year-over-year.
Key Takeaways
Alarm.com reported strong first quarter results with a 35.3% increase in total revenue to $151.9 million and a 14.9% increase in SaaS and license revenue to $91.9 million. Net income attributable to common stockholders was $8.8 million, or $0.18 per diluted share. The company acknowledges the impact of the COVID-19 pandemic beginning in March and anticipates a more challenging period for the remainder of the year.
SaaS and license revenue increased 14.9% to $91.9 million.
Total revenue increased 35.3% to $151.9 million.
GAAP net income attributable to common stockholders was $8.8 million, or $0.18 per diluted share.
Non-GAAP adjusted EBITDA increased to $29.2 million.
Revenue by Segment
Forward Guidance
Alarm.com provided updated guidance for the second quarter and full year 2020, accounting for the uncertainties and assumptions related to the COVID-19 pandemic.
Positive Outlook
- SaaS and license revenue is expected to be in the range of $92.4 million to $92.8 million for Q2 2020.
- SaaS and license revenue is expected to be in the range of $375.0 million to $380.0 million for full year 2020.
- Total revenue is expected to be in the range of $515.0 million to $535.0 million for full year 2020.
- Non-GAAP adjusted EBITDA is expected to be in the range of $100.0 million to $103.0 million for full year 2020.
- Non-GAAP adjusted net income attributable to common stockholders is expected to be in the range of $69.0 million to $73.5 million for full year 2020.
Challenges Ahead
- It is difficult to predict the duration and full scope of the impacts driven by the COVID-19 pandemic.
- Many service provider partners have experienced more difficult selling or installation conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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