Alarm.com Q4 SaaS rev $148.3M (+10.3%), net income $31.3M; FY2024 guide $622.5-623.5M SaaS

Alarm.com Holdings, Inc.

2023-FY EPS reported $1.53 revenue$881,682,000

Q4 SaaS and license revenue $148.3M (+10.3% YoY); total revenue $226.2M (+8.7%).
GAAP net income $31.3M ($0.58 diluted) vs $18.1M ($0.34) a year ago; non-GAAP adj net income $33.9M ($0.62).
Full year 2023 SaaS rev $569.2M (+9.4%); total rev $881.7M; GAAP net income $81.0M vs $56.3M.
FY2024 guidance: SaaS rev $622.5M-$623.5M; total rev $912.5M-$933.5M; non-GAAP adj EBITDA $160M-$164M.
Settled all Vivint litigation and entered long-term IP license agreement; launched Vacation Watch video analytics.

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 0.95

Alarm.com Holdings, Inc. reported the year ended December 31, 2023 results: revenue $881.7 million, net income $81.0 million, EPS $1.53 per diluted share. Guidance initiated.

Period: the year ended December 31, 2023
Revenue: $881.7 million
Net income: $81.0 million
EPS: $1.53 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Full Year 2023 Financial Results as Compared to Full Year 2022 • SaaS and license revenue increased 9.4% to $569.2 million, compared to $520.4 million. • Total revenue increased 4.6% to $881.7 million, compared to $842.6 million. • GAAP net income attributable to common stockholders increased to $81.0 million, or $1.53 per diluted share, compared to $56.3 million, or $1.07 per diluted share. • Non-GAAP adjusted EBITDA(*) increased to $154.0 million, compared to $146.8 million. • Non-GAAP adjusted net income attributable to common stockholders(*) increased to $113.2 million, or $2.07 per diluted share, compared to $106.9 million, or $1.95 per diluted share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alarm.com Holdings, Inc. reported the quarter ended December 31, 2023 results: revenue $226.2 million, net income $31.3 million, EPS $0.58 per diluted share. Guidance initiated.

Period: the quarter ended December 31, 2023
Revenue: $226.2 million
Net income: $31.3 million
EPS: $0.58 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Fourth Quarter 2023 Financial Results as Compared to Fourth Quarter 2022 • SaaS and license revenue increased 10.3% to $148.3 million, compared to $134.6 million. • Total revenue increased 8.7% to $226.2 million, compared to $208.1 million. • GAAP net income attributable to common stockholders increased to $31.3 million, or $0.58 per diluted share, compared to $18.1 million, or $0.34 per diluted share. • Non-GAAP adjusted EBITDA(*) increased to $45.6 million, compared to $39.0 million. • Non-GAAP adjusted net income attributable to common stockholders(*) increased to $33.9 million, or $0.62 per diluted share, compared to $28.7 million, or $0.53 per diluted share.

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Alarm.com Holdings, Inc. filing history →

Source: SEC EDGAR

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