Business
Alarm.com Reports Fourth Quarter and Full Year 2022 Results
-- Fourth quarter SaaS and license revenue increased 10.5% year-over-year to $134.6 million -- -- Fourth quarter total revenue increased 6.6% year-over-year
About this update from Alarm.com Holdings, Inc.
[{"type":"text","content":"\n-- Fourth quarter SaaS and license revenue increased 10.5% year-over-year to $134.6 million --\n-- Fourth quarter total revenue increased 6.6% year-over-year to $208.1 million --\n-- Full year 2022 SaaS and license revenue increased 13.0% year-over-year to $520.4 million --\n-- Full year 2022 total revenue increased 12.5% year-over-year to $842.6 million --\n-- Full year 2022 GAAP net income attributable to common stockholders increased 7.8% to $56.3 million, compared to $52.3 million for 2021 --\n-- Full year 2022 non-GAAP adjusted EBITDA increased 3.1% to $146.8 million, compared to $142.5 million for 2021 --\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, 2022. Alarm.com also provided its financial outlook for SaaS and license revenue for the first quarter of 2023 and guidance for the full year 2023.\n\n“We are pleased to report solid results for the quarter and the year,” said Steve Trundle, CEO of Alarm.com. “We continued to see strong adoption of the full-suite of our solutions in the residential, commercial and international markets. Our team delivered innovative, first-to-market capabilities that we believe will drive more value through our solutions, reinforce our technology leadership in the dynamic connected property space and expand the scope of growth opportunities we see for both our service provider partners and Alarm.com.”\n\nFourth Quarter 2022 Financial Results as Compared to Fourth Quarter 2021\n\n\nSaaS and license revenue increased 10.5% to $134.6 million, compared to $121.7 million.\n\n\nExcluding Vivint license revenue from the fourth quarter 2021, non-GAAP adjusted SaaS & license revenue growth rate(*) was 15.6%.\n\n\n\n\nTotal revenue increased 6.6% to $208.1 million, compared to $195.3 million.\n\n\nGAAP net income attributable to common stockholders increased 97.7% to $18.1 million, or $0.34 per diluted share, compared to $9.1 million, or $0.18 per diluted share, primarily due to an increase in interest income and a decrease in interest expense.\n\n\nNon-GAAP adjusted EBITDA(*) increased 24.5% to $39.0 million, compared to $31.3 million.\n\n\nNon-GAAP adjusted net income attributable to common stockholders(*) increased 27....