earnings
confidence high
sentiment neutral
materiality 0.75
Alarm.com Q1 revenue rises 19% to $205.4M; GAAP net income falls to $9.1M; raises FY revenue view
Alarm.com Holdings, Inc.
2022-Q1 EPS reported
$0.18
revenue$205,437,000
- Total revenue $205.4M (+19.1% YoY); SaaS/license revenue $123.2M (+14.8% YoY).
- GAAP net income $9.1M ($0.18/diluted) vs $14.8M ($0.29) in Q1 2021, down on higher supply-chain costs.
- Non-GAAP adj. EBITDA $29.9M (down from $35.6M in Q1 2021) but ahead of company expectations.
- FY2022 total revenue guidance raised to $822.7-$853.3M; SaaS rev $512.7-$513.3M; adj. EBITDA $149-$150M.
- Repurchased 354K shares for $23.3M in Q1; operating cash flow was -$14.0M vs +$21.2M a year ago.