Alarm.com Q2 SaaS revenue up 8.5% to $140.4M; raises full-year guidance

Alarm.com Holdings, Inc.

2023-Q2 EPS reported $0.58 revenue$433,591,000

GAAP net income $15.8M ($0.30/diluted) vs $10.8M ($0.21) YoY; non-GAAP adjusted EBITDA $36.4M vs $37.1M.
Cash from operations $36.8M; free cash flow $35.8M vs $2.1M (prior year included land purchase).
Q3 SaaS & license revenue guided to $141.4-141.6M; FY 2023 SaaS revenue raised to $562.3-562.7M.
Ex Vivint license revenue, non-GAAP adjusted SaaS growth rate 13.3% in Q2.
Repurchased 134,255 shares for $6.7M at avg $50.11; cash balance $627M.

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 0.9

Alarm.com Holdings, Inc. reported second quarter ended June 30, 2023 results: revenue $223.9 million, net income $15.8 million, EPS $0.30 per diluted share. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $223.9 million
Net income: $15.8 million
EPS: $0.30 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

million. ◦ Excluding Vivint license revenue from the second quarter of 2022, non-GAAP adjusted SaaS & license revenue growth rate(*) was 13.3%. • Total revenue increased 5.2% to $223.9 million, compared to $212.8 million. • GAAP net income attributable to common stockholders increased to $15.8 million, or $0.30 per diluted share, compared to $10.8 million, or $0.21 per

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Source: SEC EDGAR

accession 0001459200-23-000022

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