Loading...
•
Dec 31, 2023
Alarm.com Q4 2023 Earnings Report
Reported solid results for the quarter and the year, driving growth through a diverse suite of connected property solutions and delivering technology and support for service provider partners.
Key Takeaways
Alarm.com reported an 8.7% increase in total revenue to $226.2 million and a 10.3% increase in SaaS and license revenue to $148.3 million for the fourth quarter of 2023. GAAP net income attributable to common stockholders increased to $31.3 million, or $0.58 per diluted share.
SaaS and license revenue increased 10.3% to $148.3 million compared to Q4 2022.
Total revenue increased 8.7% to $226.2 million compared to Q4 2022.
GAAP net income attributable to common stockholders increased to $31.3 million, or $0.58 per diluted share, compared to $18.1 million, or $0.34 per diluted share in Q4 2022.
Non-GAAP adjusted EBITDA increased to $45.6 million, compared to $39.0 million in Q4 2022.
Revenue by Segment
Forward Guidance
Alarm.com is providing its outlook for SaaS and license revenue for the first quarter of 2024 and its guidance for the full year 2024 based upon current management expectations.
Positive Outlook
- SaaS and license revenue is expected to be in the range of $148.6 million to $148.8 million for the first quarter of 2024.
- SaaS and license revenue is expected to be in the range of $622.5 million to $623.5 million for the full year 2024.
- Total revenue is expected to be in the range of $912.5 million to $933.5 million for the full year 2024.
- Non-GAAP adjusted EBITDA is expected to be in the range of $160.0 million to $164.0 million for the full year 2024.
- Non-GAAP adjusted net income attributable to common stockholders is expected to be in the range of $116.0 million to $118.1 million for the full year 2024.
Challenges Ahead
- Actual results may differ materially due to various risks and uncertainties.
- Global economic uncertainty and financial market conditions may impact demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...