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Jun 30, 2020
Alarm.com Q2 2020 Earnings Report
Alarm.com reported solid second quarter results with revenue and net income increasing year-over-year.
Key Takeaways
Alarm.com Holdings, Inc. reported financial results for its second quarter ended June 30, 2020. Total revenue increased 16.4% year-over-year to $141.6 million and GAAP net income attributable to common stockholders was $17.0 million, or $0.34 per diluted share.
SaaS and license revenue increased 16.2% year-over-year to $95.7 million.
Total revenue increased 16.4% year-over-year to $141.6 million.
GAAP net income attributable to common stockholders was $17.0 million, or $0.34 per diluted share.
Non-GAAP adjusted EBITDA increased to $29.2 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 is providing guidance for the third quarter of 2020 and increasing its guidance for the full year of 2020 based upon what it currently sees in its markets.
Positive Outlook
- SaaS and license revenue is expected to be in the range of $96.6 million to $96.8 million for Q3 2020.
- SaaS and license revenue is expected to be in the range of $382.7 million to $383.1 million for full year 2020.
- Total revenue is expected to be in the range of $552.7 million to $563.1 million for full year 2020.
- Hardware and other revenue is expected to be in the range of $170.0 million to $180.0 million for full year 2020.
- Non-GAAP adjusted EBITDA is expected to be in the range of $106.0 million to $107.0 million for full year 2020.
Challenges Ahead
- It remains challenging to predict the full scope and duration of the impacts driven by the COVID-19 pandemic.
- Some service provider partners have experienced more difficult selling or installation conditions as a result of local social distancing guidelines or local market sentiments.
- New installation rates continue to trend in a positive direction, Alarm.com cannot be sure that this trend will continue.
- Actual results may differ materially.
- Alarm.com undertakes no obligation to update guidance after such date.
Revenue & Expenses
Visualization of income flow from segment revenue to net income