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Alarm.com
🇺🇸 NASDAQ:ALRM
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Jun 30, 2022

Alarm.com Q2 2022 Earnings Report

Reported solid results for the second quarter of 2022, driven by service provider partners and healthy market for connected property technology.

Key Takeaways

Alarm.com reported a 12.7% increase in total revenue, reaching $212.8 million, and a 14.4% increase in SaaS and license revenue, totaling $129.5 million. However, GAAP net income decreased to $10.8 million, or $0.21 per diluted share, and non-GAAP adjusted EBITDA decreased to $37.1 million.

SaaS and license revenue increased by 14.4% year-over-year to $129.5 million.

Total revenue increased by 12.7% year-over-year to $212.8 million.

GAAP net income attributable to common stockholders decreased to $10.8 million, or $0.21 per diluted share.

Non-GAAP adjusted EBITDA decreased to $37.1 million.

Total Revenue
$213M
Previous year: $189M
+12.7%
EPS
$0.49
Previous year: $0.54
-9.3%
Gross Profit
$126M
Previous year: $111M
+12.6%
Cash and Equivalents
$643M
Previous year: $663M
-2.9%
Free Cash Flow
$2.1M
Previous year: $20.8M
-89.9%
Total Assets
$1.26B
Previous year: $1.16B
+8.5%

Alarm.com

Alarm.com

Alarm.com Revenue by Segment

Forward Guidance

Alarm.com is providing its outlook for SaaS and license revenue for the third quarter of 2022 and increasing its revenue guidance for the full year of 2022 based upon current management expectations.

Positive Outlook

  • SaaS and license revenue is expected to be in the range of $130.9 million to $131.1 million for the third quarter of 2022.
  • SaaS and license revenue is expected to be in the range of $518.5 million to $519.0 million for the full year of 2022.
  • Total revenue is expected to be in the range of $828.5 million to $859.0 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

  • The guidance provided is forward-looking in nature.
  • Actual results may differ materially.
  • The guidance provided is based on expectations as of the date of this press release and Alarm.com undertakes no obligation to update guidance after such date.
  • Reconciliation of adjusted EBITDA and adjusted net income attributable to common stockholders guidance to the closest corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis.
  • Non-ordinary course litigation expense, acquisition-related expense and tax windfall adjustments can have unpredictable fluctuations based on unforeseen activity that is out of our control and/or cannot reasonably be predicted.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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