2023-08-09 16:15:41 ET
- Alarm.com press release ( NASDAQ: ALRM ): Q2 Non-GAAP EPS of $0.49 beats by $0.13 .
- Revenue of $223.9M (+5.2% Y/Y) beats by $9.62M .
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Financial Outlook
Alarm.com is providing its outlook for SaaS and license revenue for the third quarter of 2023 and increasing its guidance for the full year of 2023 based upon current management expectations. This guidance assumes no contribution from the Vivint license agreement.
For the third quarter of 2023:
- SaaS and license revenue is expected to be in the range of $141.4 million to $141.6 million.
For the full year of 2023:
- SaaS and license revenue is expected to be in the range of $562.3 million to $562.7 million.
- Total revenue is expected to be in the range of $872.3 million to $887.7 million, vs. consensus of $868.59M, which includes anticipated hardware and other revenue in the range of $310.0 million to $325.0 million.
- Non-GAAP adjusted EBITDA is expected to be in the range of $128.0 million to $131.0 million.
- Non-GAAP adjusted net income attributable to common stockholders is expected to be in the range of $92.2 million to $94.2 million, based on an estimated tax rate of 21.0%.
- Based on an expected 54.6 million weighted average diluted shares outstanding, non-GAAP adjusted net income attributable to common stockholders is expected to be $1.69 to $1.73 per diluted share, vs. consensus of $1.58.
For further details see:
Alarm.com Non-GAAP EPS of $0.49 beats by $0.13, revenue of $223.9M beats by $9.62M