Business
Alarm.com Reports Third Quarter 2021 Results
-- Third quarter total revenue increased 21.1% year-over-year to $192.3 million -- -- Third quarter SaaS and license revenue increased 17.9% year-over-year
About this update from Alarm.com Holdings, Inc.
[{"type":"text","content":"\n-- Third quarter total revenue increased 21.1% year-over-year to $192.3 million --\n\n-- Third quarter SaaS and license revenue increased 17.9% year-over-year to $118.1 million --\n\n-- Third quarter GAAP net income attributable to common stockholders was $13.5 million, compared to $36.1 million for the third quarter of 2020 --\n\n-- Third quarter non-GAAP adjusted EBITDA increased 8.9% year-over-year to $37.6 million, compared to $34.5 million for the third quarter of 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 third quarter ended September 30, 2021. Alarm.com also provided its financial outlook for SaaS and license revenue for the fourth quarter of 2021 and increased its guidance for the full year of 2021.\n\n“We are pleased to report another quarter of solid results,” said Steve Trundle, President and CEO of Alarm.com. “During the third quarter, we saw continued momentum as our service provider partners successfully deployed the growing range of Alarm.com’s connected property solutions. The Alarm.com team also introduced innovative new technology, including video analytics capabilities, that will expand our opportunities in both the residential and commercial markets.”\n\nThird Quarter 2021 Financial Results as Compared to Third Quarter 2020\n\n\nSaaS and license revenue increased 17.9% to $118.1 million, compared to $100.1 million.\n\n\nTotal revenue increased 21.1% to $192.3 million, compared to $158.9 million.\n\n\nGAAP net income attributable to common stockholders decreased to $13.5 million, or $0.26 per diluted share, compared to $36.1 million, or $0.71 per diluted share, primarily due to a gain of $24.7 million on the sale of an investment in one of our platform partners during the third quarter of 2020.\n\n\nNon-GAAP adjusted EBITDA(*) increased to $37.6 million, compared to $34.5 million.\n\n\nNon-GAAP adjusted net income attributable to common stockholders(*) increased to $27.4 million, or $0.53 per diluted share, compared to $24.8 million or $0.49 per diluted share.\n\n\nBalance Sheet and Cash Flow\n\n\nTotal cash and cash equivalents increased to $700.3 million as of September 30, 2021, compared to $253.5 million as of December 31, 2020. The increase in cash and cash eq...