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Alarm.com
🇺🇸 NASDAQ:ALRM
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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.

Total Revenue
$166M
Previous year: $140M
+17.9%
EPS
$0.45
Previous year: $0.43
+4.7%
Gross Profit
$106M
Previous year: $87.9M
+20.9%
Cash and Equivalents
$254M
Previous year: $120M
+111.9%
Free Cash Flow
$29.9M
Previous year: $14.6M
+104.8%
Total Assets
$732M
Previous year: $558M
+31.2%

Alarm.com

Alarm.com

Alarm.com 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.
  • Actual results may differ materially.
  • The guidance provided above is forward-looking in nature.
  • Alarm.com undertakes no obligation to update guidance after such date.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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