earnings
confidence high
sentiment positive
materiality 0.75
Alarm.com Q3 revenue up 21% to $192.3M, raises full-year SaaS revenue guidance
Alarm.com Holdings, Inc.
2021-Q3 EPS reported
$0.83
revenue$553,679,000
- Q3 SaaS & license revenue $118.1M (+17.9% YoY); total revenue $192.3M (+21.1% YoY).
- GAAP net income $13.5M ($0.26/diluted) vs $36.1M ($0.71) prior year primarily due to $24.7M gain on investment sale in Q3 2020.
- Non-GAAP adjusted EBITDA $37.6M (+8.9% YoY); non-GAAP adjusted net income $27.4M ($0.53/diluted).
- FY2021 SaaS revenue guidance raised to $456.7-456.9M; total revenue $721.7-731.9M; adj. EBITDA $138-140M.
- Cash and equivalents $700.3M, boosted by $500M convertible notes issuance in Jan 2021.