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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.
Alarm.com
Alarm.com
Alarm.com Revenue by Segment
Revenue by Segment
SaaS and License Revenue
CapyFin.comHardware and Other Revenue
CapyFin.com 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