Business
Alarm.com Reports Fourth Quarter and Full Year 2021 Results
-- Fourth quarter total revenue increased 17.9% year-over-year to $195.3 million -- -- Fourth quarter SaaS and license revenue increased 15.4% year-over-year
About this update from Alarm.com Holdings, Inc.
[{"type":"text","content":"\n-- Fourth quarter total revenue increased 17.9% year-over-year to $195.3 million --\n\n-- Fourth quarter SaaS and license revenue increased 15.4% year-over-year to $121.7 million --\n\n-- Full year 2021 total revenue increased 21.2% year-over-year to $749.0 million --\n\n-- Full year 2021 SaaS and license revenue increased 17.1% year-over-year to $460.4 million --\n\n-- Full year 2021 GAAP net income attributable to common stockholders decreased 32.9% to $52.3 million, compared to $77.9 million for 2020 --\n\n-- Full year 2021 non-GAAP adjusted EBITDA increased 13.7% to $142.5 million, compared to $125.3 million for 2020 --\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, 2021. Alarm.com also provided its financial outlook for SaaS and license revenue for the first quarter of 2022 and guidance for the full year 2022.\n\n“We are pleased to report solid results for the quarter and the year,” said Steve Trundle, President and CEO of Alarm.com. “Despite the pandemic’s unpredictable course, our service provider partners continued to grow and drive the adoption of Alarm.com’s connected property technology. Our team also delivered innovative new capabilities that will expand the growth opportunities we see in multiple markets for both our service provider partners and Alarm.com.”\n\nFourth Quarter 2021 Financial Results as Compared to Fourth Quarter 2020\n\n\nSaaS and license revenue increased 15.4% to $121.7 million, compared to $105.5 million.\n\n\nTotal revenue increased 17.9% to $195.3 million, compared to $165.6 million.\n\n\nGAAP net income attributable to common stockholders decreased 42.7% to $9.1 million, or $0.18 per diluted share, compared to $16.0 million or $0.31 per diluted share, primarily due to an increase in shipping costs and inventory component costs for hardware due to the global supply chain challenges.\n\n\nNon-GAAP adjusted EBITDA(*) decreased 3.3% to $31.3 million, compared to $32.4 million.\n\n\nNon-GAAP adjusted net income attributable to common stockholders(*) decreased 2.4% to $22.6 million, or $0.43 per diluted share, compared to $23.1 million, or $0.45 per diluted share.\n\n\nFull Year 2021 Financial Results as Compared to Ful...