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Dec 31, 2024
Alarm.com Q4 2024 Earnings Report
Alarm.com reported steady Q4 2024 results with revenue and SaaS growth, though net income saw a slight decline.
Key Takeaways
Alarm.com reported a 7.1% increase in total revenue for Q4 2024, reaching $242.2 million, driven by an 11.7% rise in SaaS and license revenue. However, GAAP net income declined slightly to $30.1 million. Adjusted EBITDA remained stable at $46.4 million. The company continues to expand its AI-driven analytics and remote video monitoring solutions.
Total revenue grew 7.1% year-over-year to $242.2 million.
SaaS and license revenue increased 11.7% to $165.7 million.
GAAP net income declined to $30.1 million from $31.2 million in Q4 2023.
Non-GAAP EPS was $0.58, compared to $0.62 in Q4 2023.
Alarm.com
Alarm.com
Alarm.com Revenue by Segment
Revenue by Segment
SaaS and License Revenue
CapyFin.comHardware and Other Revenue
CapyFin.com Forward Guidance
Alarm.com expects steady revenue growth in 2025, particularly in SaaS and license segments, while macroeconomic conditions could impact hardware sales.
Positive Outlook
- Q1 2025 SaaS and license revenue expected between $160.2M and $160.4M.
- FY 2025 SaaS and license revenue projected between $671.2M and $671.8M.
- FY 2025 total revenue expected to range from $978.2M to $980.8M.
- Continued expansion in remote video monitoring solutions with CHeKT acquisition.
- Strong demand for AI-driven analytics in commercial security.
Challenges Ahead
- GAAP net income could be affected by rising operating expenses.
- Hardware revenue growth expected to remain flat.
- Macroeconomic uncertainty may impact customer spending on security solutions.
- Foreign exchange fluctuations could affect international revenue.
- Higher cost structure due to ongoing investments in AI and video analytics.
Revenue & Expenses
Visualization of income flow from segment revenue to net income