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Dec 31, 2020
Alarm.com Q4 2020 Earnings Report
Alarm.com reported solid results for Q4 2020, with SaaS and license revenue increasing 17% year-over-year and total revenue increasing 18% year-over-year.
Key Takeaways
Alarm.com reported solid financial results for the fourth quarter of 2020. SaaS and license revenue increased by 17% year-over-year, and total revenue increased by 18% year-over-year. GAAP net income attributable to common stockholders increased to $16.0 million.
SaaS and license revenue increased 17% year-over-year to $105.5 million.
Total revenue increased 18% year-over-year to $165.6 million.
GAAP net income attributable to common stockholders increased to $16.0 million, compared to $13.0 million for the fourth quarter 2019.
Non-GAAP adjusted EBITDA increased 8% year-over-year to $32.4 million, compared to $30.0 million for the fourth quarter 2019.
Revenue by Segment
Forward Guidance
Alarm.com provided its outlook for SaaS and license revenue for the first quarter of 2021 and its guidance for the full year 2021 based upon current management expectations in light of the ongoing COVID-19 pandemic.
Positive Outlook
- SaaS and license revenue is expected to be in the range of $104.8 million to $105.0 million for the first quarter of 2021.
- SaaS and license revenue is expected to be in the range of $440.5 million to $441.5 million for the full year 2021.
- Total revenue is expected to be in the range of $660.5 million to $671.5 million for the full year 2021, which includes anticipated hardware and other revenue in the range of $220.0 million to $230.0 million.
- Non-GAAP adjusted EBITDA is expected to be in the range of $120.0 million to $130.0 million for the full year 2021.
- Non-GAAP adjusted net income attributable to common stockholders is expected to be in the range of $84.0 million to $90.0 million for the full year 2021, based on an estimated tax rate of 21.0%.
Challenges Ahead
- The general economic situation remains fluid.
- It remains challenging to predict the full scope and duration of the impacts of the COVID-19 pandemic.
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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