Alarm.com Q1 2022 Earnings Report
Key Takeaways
Alarm.com reported a 19.1% increase in total revenue to $205.4 million for Q1 2022. SaaS and license revenue increased by 14.8% to $123.2 million. However, GAAP net income decreased to $9.1 million, and non-GAAP adjusted EBITDA decreased to $29.9 million.
Total revenue increased by 19.1% year-over-year to $205.4 million.
SaaS and license revenue increased by 14.8% year-over-year to $123.2 million.
GAAP net income attributable to common stockholders decreased to $9.1 million, or $0.18 per diluted share.
Non-GAAP adjusted EBITDA decreased to $29.9 million.
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 2022 and increased its revenue guidance for the full year of 2022.
Positive Outlook
- SaaS and license revenue is expected to be in the range of $126.2 million to $126.4 million for the second quarter of 2022.
- SaaS and license revenue is expected to be in the range of $512.7 million to $513.3 million for the full year of 2022.
- Total revenue is expected to be in the range of $822.7 million to $853.3 million for the full year of 2022.
- Non-GAAP adjusted EBITDA is expected to be in the range of $149.0 million to $150.0 million for the full year of 2022.
- Non-GAAP adjusted net income attributable to common stockholders is expected to be in the range of $104.3 million to $105.0 million for the full year of 2022.
Challenges Ahead
- Unusual geopolitical uncertainty.
- Continuing COVID-19 pandemic uncertainty.
- Significant global supply chain uncertainty.
- Further adverse developments in any of these areas could impact operating results.
- Actual results may differ materially.
Revenue & Expenses
Visualization of income flow from segment revenue to net income