Business
Alarm.com Reports Fourth Quarter and Full Year 2019 Results
-- Fourth quarter SaaS and license revenue increased 16% year-over-year to $90.1 million -- -- Fourth quarter total revenue increased 26% year-over-year to
About this update from Alarm.com Holdings, Inc.
[{"type":"text","content":"\n-- Fourth quarter SaaS and license revenue increased 16% year-over-year to $90.1 million --\n\n\n-- Fourth quarter total revenue increased 26% year-over-year to $140.5 million --\n\n\n-- Fourth quarter GAAP net income attributable to common stockholders increased to $13.0 million, compared to $7.9 million for the fourth quarter 2018 --\n\n\n-- Fourth quarter non-GAAP adjusted EBITDA increased 44% year-over-year to $30.0 million, compared to $20.9 million for the fourth quarter 2018 --\n\n TYSONS, Va.--(BUSINESS WIRE)--\nAlarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today reported financial results for its fourth quarter and full year ended December 31, 2019. Alarm.com also provided its financial outlook for SaaS and license revenue for the first quarter of 2020 and guidance for the full year 2020.\n\n\n“We are pleased to report solid results for the quarter and the year thanks to the performance of our service provider partners and dedication of the Alarm.com team,” said Steve Trundle, President and CEO of Alarm.com. “With our best-in-class platform and strong product pipeline, we are focused on continuing to deliver innovative capabilities for our service provider partners to extend their leadership positions in their markets.”\n\n\nFourth Quarter 2019 Financial Results as Compared to Fourth Quarter 2018\n\n\n\nSaaS and license revenue increased 16% to $90.1 million, compared to $77.8 million. SaaS and license revenue of the Alarm.com and Other segments increased 15% and 34%, respectively.\n\n\nTotal revenue increased 26% to $140.5 million, compared to $111.4 million.\n\n\nGAAP net income attributable to common stockholders increased to $13.0 million, or $0.26 per diluted share, compared to $7.9 million or $0.16 per diluted share.\n\n\nNon-GAAP adjusted EBITDA increased to $30.0 million, compared to $20.9 million.\n\n\nNon-GAAP adjusted net income attributable to common stockholders increased to $21.5 million, or $0.43 per diluted share, compared to $14.5 million or $0.29 per diluted share.\n\n\n\nFull Year 2019 Financial Results as Compared to Full Year 2018\n\n\n\nSaaS and license revenue increased 16% to $337.4 million, compared to $291.1 million. SaaS and license revenue of the Alarm.com and Other segments increased 14% and 52%, respectively.\n\n\nTotal revenue inc...