Alarm.com Q1 SaaS rev +11% to $150.3M, net income +64%; raises FY2024 guidance

Alarm.com Holdings, Inc.

2024-Q1 EPS reported $0.44 revenue$223,283,000

SaaS & license revenue $150.3M (+11% YoY); total revenue $223.3M (+6.5%).
GAAP net income $23.6M ($0.44/diluted), up 63.7%; non-GAAP adjusted net income $27.3M ($0.50/diluted), up 24.1%.
Non-GAAP adjusted EBITDA $37.0M (+21.2%); operating cash flow $49.9M vs ($3.5M) prior year.
FY2024 SaaS revenue guidance raised to $624.5M-$625.0M; adjusted EBITDA guidance raised to $164M-$166M.
Q2 SaaS revenue guidance $153.8M-$154.0M; also launched Connected Fleet and AI 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 0.9

Alarm.com Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $223.3 million, net income $23.6 million, EPS $0.44 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $223.3 million
Net income: $23.6 million
EPS: $0.44 per diluted share
Result: reported results

Exact text from the filing

First Quarter 2024 Financial Results as Compared to First Quarter 2023 • SaaS and license revenue increased 11.0% to $150.3 million, compared to $135.4 million. • Total revenue increased 6.5% to $223.3 million, compared to $209.7 million. • GAAP net income attributable to common stockholders increased 63.7% to $23.6 million, or $0.44 per diluted share, compared to $14.4 million, or $0.28 per diluted share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Alarm.com Holdings, Inc. reported full year 2024 results: revenue total revenue expected in the range of $914.5 million to $931.0 million, net income non-GAAP adjusted net income attributable to common stockholders expected in the range of $118.5 million to $119.5 milli, EPS non-GAAP adjusted net income attributable to common stockholders expected to be $2.14 to $2.16 per diluted share. Guidance raised.

Period: full year 2024
Revenue: total revenue expected in the range of $914.5 million to $931.0 million
Net income: non-GAAP adjusted net income attributable to common stockholders expected in the range of $118.5 million to $119.5 milli
EPS: non-GAAP adjusted net income attributable to common stockholders expected to be $2.14 to $2.16 per diluted share
Guidance: raised
Result: guidance update

Exact text from the filing

For the full year 2024: • SaaS and license revenue is expected to be in the range of $624.5 million to $625.0 million. • Total revenue is expected to be in the range of $914.5 million to $931.0 million, which includes anticipated hardware and other revenue in the range of $290.0 million to $306.0 million. • Non-GAAP adjusted EBITDA is expected to be in the range of $164.0 million to $166.0 million. • Non-GAAP adjusted net income attributable to common stockholders is expected to be in the range of $118.5 million to $119.5 million, based on an estimated tax rate of 21.0%. • Based on an expected 55.3 million weighted average diluted shares outstanding, non-GAAP adjusted net income attributable to common stockholders is expected to be $2.14 to $2.16 per diluted share.

View on SEC.gov

1052 earnings releases filed in the last 30 days. Browse all earnings releases →

Alarm.com Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001459200-24-000015

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.