NASDAQ$ALRM
Alarm.com Holdings Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Alarm.com reported solid Q3 2022 results, with revenue and net income increasing year-over-year.
Alarm.com reported a 12.4% increase in total revenue to $216.1 million and a GAAP net income of $18.3 million for the third quarter of 2022. The company's SaaS and license revenue grew by 12.8% to $133.1 million. The company also completed the acquisition of Noonlight during the quarter.
- SaaS and license revenue increased 12.8% year-over-year to $133.1 million.
- Total revenue increased 12.4% year-over-year to $216.1 million.
- GAAP net income attributable to common stockholders increased to $18.3 million, or $0.35 per diluted share.
- Non-GAAP adjusted EBITDA increased to $40.8 million.
Headline financials
Revenue & EPS history
Alarm.com · Revenue · Quarterly
$216M
Revenue by segment
Alarm.com · $216M total across 2 segments · Q3 2022
- SaaS and license revenue$133M+12.7%61.6%
- Hardware and other revenue$83M+11.8%38.4%
Forward guidance
Alarm.com provided its outlook for SaaS and license revenue for the fourth quarter of 2022 and its guidance for the full year of 2022. As a result of Vivint’s refusal to pay license fees under the agreement, beginning with the fourth quarter of 2022, Alarm.com believes that quarterly SaaS and license revenue and total revenue will be impacted by approximately $6.0 million.
Tailwinds
- SaaS and license revenue is expected to be in the range of $130.5 million to $130.7 million for Q4 2022.
- SaaS and license revenue is expected to be in the range of $516.3 million to $516.5 million for the full year of 2022.
- Total revenue is expected to be in the range of $840.3 million to $842.5 million for the full year of 2022.
- Hardware and other revenue is anticipated to be in the range of $324.0 million to $326.0 million for the full year of 2022.
- Non-GAAP adjusted EBITDA is expected to be in the range of $141.6 million to $142.6 million for the full year of 2022.
Headwinds
- Vivint notified Alarm.com it will stop paying license fees to Alarm.com under the agreement.
- Quarterly SaaS and license revenue and total revenue will be impacted by approximately $6.0 million due to Vivint’s refusal to pay license fees.
- Quarterly earnings and cash flow will be impacted by the aforementioned $6.0 million, plus significant additional legal fees.
- Non-GAAP adjusted net income attributable to common stockholders is expected to be in the range of $101.1 million to $101.6 million, based on an estimated tax rate of 21.0% for the full year of 2022.
- Non-GAAP adjusted net income attributable to common stockholders is expected to be $1.84 to $1.85 per diluted share for the full year of 2022.
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 Q3 2022
+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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