NASDAQ$ALRM

Alarm.com Holdings Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Alarm.com's Q4 2021 financial results were reported, with revenue increasing but net income decreasing. The company launched new products and expanded its ecosystem.

Alarm.com reported a 17.9% increase in total revenue for Q4 2021, reaching $195.3 million. SaaS and license revenue grew by 15.4% to $121.7 million. However, GAAP net income attributable to common stockholders decreased by 42.7% to $9.1 million.

  • Total revenue increased 17.9% year-over-year to $195.3 million.
  • SaaS and license revenue increased 15.4% year-over-year to $121.7 million.
  • GAAP net income attributable to common stockholders decreased 42.7% to $9.1 million.
  • Non-GAAP adjusted EBITDA decreased 3.3% to $31.3 million.

Headline financials

Total Revenue

$195M

Previous: $166M+17.9%
EPS (adj)

$0.43

Previous: $0.45-4.4%
Capital Expenditures

$2.12M

Previous: $5.46M-61.1%
Free Cash Flow

$17.8M

Previous: $29.9M-40.3%
Net Income

$8.84M

Previous: $16M-44.7%
Operating Income

$10.8M

Previous: $13.4M-19.6%
Gross Profit

$113M

Previous: $106M+6.2%
Cash & Equivalents

$711M

Previous: $254M+180.3%
Total Assets

$1.23B

Previous: $732M+68.4%
Stock-Based Comp

$11.3M

Previous: $8.28M+36.9%

Revenue & EPS history

Alarm.com · Revenue · Quarterly

$195M

Q4 2021+17.9%vs Q4 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Alarm.com · $195M total across 2 segments · Q4 2021

  • SaaS and license revenue
    $122M+15.4%
  • Hardware and other revenue
    $73.5M+22.4%

Forward guidance

Alarm.com provided its outlook for SaaS and license revenue for the first quarter of 2022 and its guidance for the full year of 2022 based upon current management expectations.

Tailwinds

  • SaaS and license revenue is expected to be in the range of $121.0 million to $121.2 million for the first quarter of 2022.
  • SaaS and license revenue is expected to be in the range of $508.0 million to $509.0 million for the full year 2022.
  • Total revenue is expected to be in the range of $808.0 million to $819.0 million for the full year 2022.
  • Non-GAAP adjusted EBITDA is expected to be in the range of $149.0 million to $150.0 million for the full year 2022.
  • Non-GAAP adjusted net income attributable to common stockholders is expected to be in the range of $104.3 million to $105.0 million for the full year 2022.

Headwinds

  • Unusual geopolitical uncertainty.
  • Continuing COVID-19 pandemic uncertainty.
  • Significant global supply chain uncertainty.
  • Further adverse developments in any of these areas could impact our operating results and our guidance.
  • Actual results may differ materially.

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 Q4 2021

Historical avgQ4 2021

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro