Alarm.com Q3 2021 Earnings Report
Key Takeaways
Alarm.com's Q3 2021 total revenue increased by 21.1% year-over-year to $192.3 million. SaaS and license revenue also saw a rise of 17.9% year-over-year, reaching $118.1 million. GAAP net income attributable to common stockholders decreased to $13.5 million, and non-GAAP adjusted EBITDA increased to $37.6 million.
Total revenue increased 21.1% year-over-year to $192.3 million.
SaaS and license revenue increased 17.9% year-over-year to $118.1 million.
GAAP net income attributable to common stockholders decreased to $13.5 million.
Non-GAAP adjusted EBITDA increased to $37.6 million.
Alarm.com
Alarm.com
Alarm.com Revenue by Segment
Forward Guidance
Alarm.com provided its outlook for SaaS and license revenue for the fourth quarter of 2021 and increased its guidance for the full year of 2021.
Positive Outlook
- SaaS and license revenue is expected to be in the range of $118.1 million to $118.3 million for the fourth quarter of 2021.
- SaaS and license revenue is expected to be in the range of $456.7 million to $456.9 million for the full year of 2021.
- Total revenue is expected to be in the range of $721.7 million to $731.9 million for the full year of 2021.
- Hardware and other revenue is expected to be in the range of $265.0 million to $275.0 million for the full year of 2021.
- Non-GAAP adjusted EBITDA is expected to be in the range of $138.0 million to $140.0 million for the full year of 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income