earnings
confidence high
sentiment negative
materiality 0.80
Alarm.com Q3 SaaS rev +12.8% YoY to $133.1M; Vivint dispute to cut Q4 rev by ~$6M
Alarm.com Holdings, Inc.
2022-Q3 EPS reported
$0.73
revenue$634,420,000
- Q3 SaaS & license revenue $133.1M (+12.8% YoY); total revenue $216.1M (+12.4%).
- GAAP net income $18.3M ($0.35 diluted EPS) vs $13.5M ($0.26) a year ago.
- Vivint notified Alarm.com it will stop paying license fees under 2013 pact; arbitration filed.
- Quarterly SaaS & total revenue to be hit by ~$6.0M starting Q4, plus added legal costs.
- FY2022 guidance: SaaS rev $516.3M-$516.5M, adj. EBITDA $141.6M-$142.6M, adj. EPS $1.84-$1.85.