https://assets.capyfin.com/instruments/678fdc13234e27009c5d5b12.png avatar
Alarm.com
🇺🇸 NASDAQ:ALRM
View Company
OverviewEarningsDividends
•
Mar 31, 2021

Alarm.com Q1 2021 Earnings Report

Reported solid results driven by momentum in the North American market and continued growth from service provider partners.

Key Takeaways

Alarm.com reported a strong first quarter with a 13.5% increase in total revenue year-over-year to $172.5 million and a 16.8% increase in SaaS and license revenue to $107.4 million. GAAP net income attributable to common stockholders increased by 68.4% to $14.8 million, and non-GAAP adjusted EBITDA increased by 22.0% to $35.6 million.

SaaS and license revenue increased 16.8% year-over-year to $107.4 million.

Total revenue increased 13.5% year-over-year to $172.5 million.

GAAP net income attributable to common stockholders increased 68.4% year-over-year to $14.8 million.

Non-GAAP adjusted EBITDA increased 22.0% year-over-year to $35.6 million.

Total Revenue
$172M
Previous year: $152M
+13.5%
EPS
$0.5
Previous year: $0.42
+19.0%
Gross Profit
$107M
Previous year: $94M
+13.6%
Cash and Equivalents
$642M
Previous year: $172M
+273.9%
Free Cash Flow
$17.2M
Previous year: $9.18M
+86.9%
Total Assets
$1.11B
Previous year: $624M
+78.6%

Alarm.com

Alarm.com

Alarm.com Revenue by Segment

Forward Guidance

Alarm.com provided its outlook for SaaS and license revenue for the second quarter of 2021 and increased its guidance for the full year of 2021.

Positive Outlook

  • SaaS and license revenue is expected to be in the range of $108.9 million to $109.1 million for the second quarter of 2021.
  • SaaS and license revenue is expected to be in the range of $445.5 million to $446.0 million for the full year of 2021.
  • Total revenue is expected to be in the range of $680.5 million to $691.0 million for the full year of 2021.
  • Hardware and other revenue is anticipated to be in the range of $235.0 million to $245.0 million for the full year of 2021.
  • Non-GAAP adjusted EBITDA is expected to be in the range of $124.0 million to $130.0 million for the full year of 2021.

Challenges Ahead

  • The general economic situation remains fluid.
  • It remains challenging to predict the full scope and duration of the impacts of the COVID-19 pandemic.
  • Actual results may differ materially due to known and unknown risks, uncertainties and other factors.
  • The Company's actual operating results may differ significantly from any guidance provided.
  • Downturns in general economic and market conditions, including due to the COVID-19 pandemic, may reduce demand.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Alarm.com