NASDAQ$ALRM

Alarm.com Holdings Inc. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Alarm.com reported solid second quarter results with revenue and net income increasing year-over-year.

Alarm.com Holdings, Inc. reported financial results for its second quarter ended June 30, 2020. Total revenue increased 16.4% year-over-year to $141.6 million and GAAP net income attributable to common stockholders was $17.0 million, or $0.34 per diluted share.

  • SaaS and license revenue increased 16.2% year-over-year to $95.7 million.
  • Total revenue increased 16.4% year-over-year to $141.6 million.
  • GAAP net income attributable to common stockholders was $17.0 million, or $0.34 per diluted share.
  • Non-GAAP adjusted EBITDA increased to $29.2 million.

Headline financials

Total Revenue

$142M

Previous: $122M+16.4%
EPS (adj)

$0.41

Previous: $0.40+2.5%
Capital Expenditures

-$7.12M

Previous: -$5.71M-24.7%
Free Cash Flow

$9.88M

Previous: $8.09M+22.1%
Net Income

$17M

Previous: $13.8M+23.2%
Operating Income

$15M

Previous: $14M+6.8%
Gross Profit

$92.6M

Previous: $77.1M+20.1%
Cash & Equivalents

$206M

Previous: $151M+36.4%
Total Assets

$663M

Previous: $505M+31.1%
Stock-Based Comp

$7.1M

Previous: $5.42M+30.9%

Revenue & EPS history

Alarm.com · Revenue · Quarterly

$142M

Q2 2020+16.4%vs Q2 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Alarm.com · $142M total across 2 segments · Q2 2020

  • SaaS and license revenue
    $95.7M+16.2%
  • Hardware and other revenue
    $45.9M+16.8%

Forward guidance

Alarm.com is providing guidance for the third quarter of 2020 and increasing its guidance for the full year of 2020 based upon what it currently sees in its markets.

Tailwinds

  • SaaS and license revenue is expected to be in the range of $96.6 million to $96.8 million for Q3 2020.
  • SaaS and license revenue is expected to be in the range of $382.7 million to $383.1 million for full year 2020.
  • Total revenue is expected to be in the range of $552.7 million to $563.1 million for full year 2020.
  • Hardware and other revenue is expected to be in the range of $170.0 million to $180.0 million for full year 2020.
  • Non-GAAP adjusted EBITDA is expected to be in the range of $106.0 million to $107.0 million for full year 2020.

Headwinds

  • It remains challenging to predict the full scope and duration of the impacts driven by the COVID-19 pandemic.
  • Some service provider partners have experienced more difficult selling or installation conditions as a result of local social distancing guidelines or local market sentiments.
  • New installation rates continue to trend in a positive direction, Alarm.com cannot be sure that this trend will continue.
  • Actual results may differ materially.
  • Alarm.com undertakes no obligation to update guidance after such date.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.6%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+0.4%

Avg return

30 days after

52%

25 / 48 earnings

Positive

+22.7%

Q2 2023

Best reaction

-14.0%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.3%-9.9%-3.4%
Q4 2025+0.8%+4.2%-1.8%
Q3 2025+5.8%+6.4%+10.5%
Q1 2025+1.5%+8.4%+5.4%
Q4 2024-1.7%-4.5%-6.6%
Q3 2024+9.5%+4.3%+17.9%
Q2 2024-5.0%-6.1%-14.9%
Q1 2024-1.0%-0.5%-9.2%
Q4 2023+4.3%+9.3%+5.9%
Q3 2023+8.8%+11.7%+9.5%
Q2 2023+22.7%+16.5%+17.8%
Q1 2023+4.8%+4.3%+6.2%
Q4 2022-2.0%-2.1%-4.8%
Q3 2022-14.0%+2.2%-11.0%
Q2 2022+3.6%+4.9%-3.4%
Q1 2022-10.9%-9.7%+1.8%
Q4 2021-1.1%+0.5%-1.1%
Q3 2021+2.7%+0.8%-9.7%
Q2 2021+7.4%+3.5%+1.3%
Q1 2021-5.8%-4.6%-12.5%
Q4 2020-5.4%-1.9%-6.2%
Q3 2020+12.9%+8.6%+23.1%
Q2 2020-0.2%-2.7%-2.7%
Q1 2020+12.2%+11.3%+31.9%
Q4 2019+3.9%+4.4%-8.2%
Q3 2019-9.4%-11.2%-16.6%
Q2 2019+5.3%-2.1%+1.2%
Q1 2019-8.1%-15.4%-22.2%
Q4 2018-8.8%-9.0%-0.2%
Q3 2018+8.5%+3.2%+10.7%
Q2 2018+8.4%+13.0%+23.9%
Q1 2018-3.2%-6.2%+6.7%
Q4 2017-6.3%-3.1%-2.2%
Q3 2017-12.8%-11.5%-18.7%
Q2 2017+5.7%+4.0%+13.8%
Q1 2017-3.2%-4.4%+6.1%
Q4 2016+3.8%+8.9%+2.5%
Q3 2016-9.2%-4.3%-9.3%
Q2 2016-2.8%-9.1%-17.1%
Q1 2016-1.7%
Q1 2015-1.7%
Q4 2013+3.0%
Q4 2015+3.0%
Q3 2014-2.7%
Q3 2015-2.7%
Q2 2015+2.4%
Q4 2014+2.4%
Q2 2014+2.4%
Q1 2014
Q3 2013
Q2 2013
Q1 2013

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