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Mar 31, 2022
Alarm.com Q1 2022 Earnings Report
Alarm.com's financial performance in Q1 2022 showed revenue growth, but net income decreased due to increased shipping and inventory costs.
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.
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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