Alarm.com reports preliminary Q3 revenue above guidance; Vivint stops license fee payments, dispute sent to arbitration

Alarm.com Holdings, Inc.

Vivint notifies Alarm.com it will stop paying license fees under 2013 Patent Cross License Agreement; Alarm.com disputes, files for arbitration.
Quarterly SaaS/license and total revenue expected to be reduced by ~$6M (2.8% of Q4 2022 total revenue), plus additional legal fees.
Preliminary Q3 SaaS/license revenue $132.8M-$133M (above guidance $130.9M-$131.1M); total revenue $215M-$215.5M.
Final Q3 2022 results and conference call scheduled for November 8, 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alarm.com Holdings, Inc. reported third quarter ended September 30, 2022 results: revenue between $215 million and $215.5 million.

Period: third quarter ended September 30, 2022
Revenue: between $215 million and $215.5 million
Result: preliminary results

Exact text from the filing

million to $131.1 million. • Third quarter hardware revenue is expected to be between $82.0 million and $82.5 million. • Third quarter total revenue is expected to be between $215 million and $215.5 million. The foregoing expected results are preliminary and are subject to change based on the completion of the Company’s quarter-end review process. These

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Alarm.com Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001459200-22-000028

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