Alarm.com Q3 SaaS rev up 8.9% to $145M; raises 2023 guidance

Alarm.com Holdings, Inc.

2023-Q3 EPS reported $0.94 revenue$655,445,000

GAAP net income $19.5M ($0.37/diluted) vs $18.3M ($0.35) in Q3 2022; non-GAAP adjusted net income $30.6M ($0.56/diluted).
SaaS and license revenue $145.0M (+8.9% YoY); total revenue $221.9M (+2.6% YoY); non-GAAP adjusted EBITDA $41.4M vs $40.8M.
Raised 2023 guidance: SaaS rev $566.9-567.1M, adj. EBITDA $143-144M, adj. net income per share $1.90-1.92.
Cash from operations $62.8M in Q3; free cash flow $60.9M; repurchased 239,540 shares at avg $53.66.
Business highlights: enhanced mobile app, EnergyHub VPP events up 38% YoY, in-app property panic launched.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Alarm.com Holdings, Inc. updated its third quarter ended September 30, 2023 guidance (raised).

Period: third quarter ended September 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On November 9, 2023, Alarm.com Holdings, Inc. (the "Company") issued a press release (the "Press Release") announcing its financial results for the quarter ended September 30, 2023.

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Alarm.com Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001459200-23-000027

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