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Alarm.com
🇺🇸 NASDAQ:ALRM
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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.

Total Revenue
$152M
Previous year: $112M
+35.3%
EPS
$0.42
Previous year: $0.34
+23.5%
Gross Profit
$94M
Previous year: $73.4M
+28.0%
Cash and Equivalents
$172M
Previous year: $122M
+40.3%
Free Cash Flow
$9.18M
Previous year: -$4.15M
-321.3%
Total Assets
$624M
Previous year: $480M
+30.0%

Alarm.com

Alarm.com

Alarm.com 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.
  • Installation rates dropped significantly at the end of March and into April.
  • Guidance is likely to be less exact than has been the case historically.
  • Guidance assumes installation activity by service providers will gradually recover to 95% of Q1 2020 levels by Q4 2020.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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