Alarm.com Q1 SaaS revenue $135.4M (+9.9% YoY); raises full-year 2023 guidance

Alarm.com Holdings, Inc.

2023-Q1 EPS reported $0.28 revenue$209,716,000

SaaS and license revenue $135.4M (+9.9% YoY); excl. Vivint, growth 14.9%.
GAAP net income $14.4M ($0.28/diluted) vs $9.1M; non-GAAP net $22.0M ($0.41/diluted).
Non-GAAP adjusted EBITDA $30.6M vs $29.9M; cash from operations used $3.5M vs $14.0M.
Raised FY23 guidance: total revenue $855.9M-$881.5M; non-GAAP EBITDA $120M-$125M.
Acquired EBS (Poland) for smart communicators to expand international offering; cost cuts.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Alarm.com Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $209.7 million, net income $14.4 million, or $0.28 per diluted share, EPS $0.28 per diluted share. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $209.7 million
Net income: $14.4 million, or $0.28 per diluted share
EPS: $0.28 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

million. ◦ Excluding Vivint license revenue from the first quarter of 2022, non-GAAP adjusted SaaS & license revenue growth rate(*) was 14.9%. • Total revenue increased 2.1% to $209.7 million, compared to $205.4 million. • GAAP net income attributable to common stockholders increased to $14.4 million, or $0.28 per diluted share, compared to $9.1 million, or $0.18 per

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Source: SEC EDGAR

accession 0001459200-23-000015

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