ALRM - Alarm.com Non-GAAP EPS of $0.41 beats by $0.10 revenue of $209.7M beats by $2.42M
2023-05-10 16:18:42 ET
- Alarm.com press release ( NASDAQ: ALRM ): Q1 Non-GAAP EPS of $0.41 beats by $0.10 .
- Revenue of $209.7M (+2.1% Y/Y) beats by $2.42M .
- Non-GAAP adjusted EBITDA(*) increased to $30.6 million, compared to $29.9 million.
- Total cash and cash equivalents decreased to $606.4 million as of March 31, 2023, compared to $622.2 million as of December 31, 2022,
- For the quarter ended March 31, 2023, cash flows used in operations was $3.5 million, compared to $14.0 million for the quarter ended March 31, 2022. For the quarter ended March 31, 2023, non-GAAP free cash flow(*) was $(5.9) million, compared to $(16.1) million for the quarter ended March 31, 2022.
-
For the second quarter of 2023:
-
SaaS and license revenue is expected to be in the range of $137.2 million to $137.4 million.
-
For the full year of 2023:
-
SaaS and license revenue is expected to be in the range of $555.9 million to $556.5 million.
-
Total revenue is expected to be in the range of $855.9 million to $881.5 million, which includes anticipated hardware and other revenue in the range of $300.0 million to $325.0 million.
-
Non-GAAP adjusted EBITDA is expected to be in the range of $120.0 million to $125.0 million.
-
Non-GAAP adjusted net income attributable to common stockholders is expected to be in the range of $84.6 million to $87.5 million, based on an estimated tax rate of 21.0%.
-
Based on an expected 54.7 million weighted average diluted shares outstanding, non-GAAP adjusted net income attributable to common stockholders is expected to be $1.55 to $1.60 per diluted share
-
-
For further details see:
Alarm.com Non-GAAP EPS of $0.41 beats by $0.10, revenue of $209.7M beats by $2.42M