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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.
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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