NASDAQ$ALRM
Alarm.com Holdings Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Alarm.com's Q2 2023 financial performance reflected growth in SaaS and license revenue, along with increased GAAP net income, while non-GAAP adjusted EBITDA experienced a slight decrease.
Alarm.com reported a 5.2% increase in total revenue, reaching $223.9 million, and an 8.5% increase in SaaS and license revenue to $140.4 million. GAAP net income attributable to common stockholders rose to $15.8 million, while non-GAAP adjusted EBITDA was $36.4 million.
- SaaS and license revenue increased by 8.5% year-over-year, reaching $140.4 million.
- Total revenue grew by 5.2% compared to the same quarter last year, totaling $223.9 million.
- GAAP net income attributable to common stockholders increased to $15.8 million, driven by a $6.4 million increase in interest income.
- Non-GAAP adjusted EBITDA was $36.4 million, slightly lower than the $37.1 million reported in the second quarter of 2022.
Headline financials
Revenue & EPS history
Alarm.com · Revenue · Quarterly
$224M
Revenue by segment
Alarm.com · $224M total across 2 segments · Q2 2023
- SaaS and license revenue$140M+8.5%62.7%
- Hardware and other revenue$83.4M+0.1%37.3%
Forward guidance
Alarm.com provided its outlook for SaaS and license revenue for the third quarter of 2023 and increased its guidance for the full year of 2023, assuming no contribution from the Vivint license agreement.
Tailwinds
- SaaS and license revenue is expected to be in the range of $141.4 million to $141.6 million for the third quarter of 2023.
- SaaS and license revenue is expected to be in the range of $562.3 million to $562.7 million for the full year of 2023.
- Total revenue is expected to be in the range of $872.3 million to $887.7 million for the full year of 2023.
- Hardware and other revenue is anticipated to be in the range of $310.0 million to $325.0 million for the full year of 2023.
- Non-GAAP adjusted EBITDA is expected to be in the range of $128.0 million to $131.0 million for the full year of 2023.
Headwinds
- Non-GAAP adjusted net income attributable to common stockholders is expected to be in the range of $92.2 million to $94.2 million for the full year of 2023.
- This guidance assumes no contribution from the Vivint license agreement.
- Actual results may differ materially due to various risks and uncertainties.
- The forward-looking statements represent the Company’s views and expectations as of the date hereof and are based on information currently available to the Company.
- The Company specifically disclaims any obligation to update guidance after such date except as required by law.
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 2023
+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
| Quarter | Report date | Reaction (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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