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Alarm.com Holdings Inc. (ALRM)
NASDAQ:ALRM
Holding ALRM?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.53Last Year’s EPS
$0.62Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 10.17%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in Q3 2024, with significant growth in revenue and profitability metrics. The company showed solid improvements in revenue retention and cash reserves, indicating a robust financial position. However, there are concerns about a slowing growth trajectory in SaaS revenue for 2025 due to external dependencies and potential headwinds in hardware revenue growth. The sentiment remains cautiously optimistic due to strong current performance but with an eye on future challenges.Company Guidance
During the Alarm.com Q3 2024 earnings call, the company reported SaaS and license revenue growth of 9.8% year-over-year to $159.3 million, with a revenue retention rate increasing to 95%, exceeding their historical range. Total revenue for the quarter was $240.5 million, reflecting an 8.4% growth compared to the previous year. Adjusted EBITDA reached $50 million, marking a 20.6% improvement from Q3 2023. For Q4 2024, Alarm.com expects SaaS and license revenue between $163.2 million and $163.4 million, while full-year 2024 SaaS and license revenue guidance has been raised to $628.7 million to $628.9 million. Looking ahead to 2025, preliminary estimates suggest SaaS and license revenue in the range of $668 million to $671 million, with total revenue projected between $975 million and $980 million. The company anticipates non-GAAP adjusted EBITDA for 2025 to be between $188 million and $192 million, driven by growth from EnergyHub, OpenEye, international operations, and commercial business segments.SaaS and License Revenue Growth
SaaS and license revenue in Q3 2024 grew to $159.3 million, marking a 9.8% increase from the same quarter last year.
Adjusted EBITDA Growth
Adjusted EBITDA for Q3 2024 was $50 million, up 20.6% from $41.4 million in Q3 2023.
Improved Revenue Retention Rate
The revenue retention rate increased to 95%, above the historical range and long-term target of 92-94%.
GAAP Net Income Surge
GAAP net income was $36.7 million, an 88% increase from $19.5 million in the same quarter last year.
Strong Balance Sheet
Ended Q3 2024 with $1.17 billion in cash and cash equivalents, significantly up from $697 million at the end of 2023.
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ALRM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALRM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $57.14 | $63.51 | +11.15% |
| Aug 08, 2024 | $65.60 | $61.15 | -6.78% |
| May 09, 2024 | $68.79 | $67.93 | -1.25% |
| Feb 22, 2024 | $69.98 | $71.88 | +2.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alarm.com Holdings Inc. (ALRM) report earnings?
Alarm.com Holdings Inc. (ALRM) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Alarm.com Holdings Inc. (ALRM) earnings time?
Alarm.com Holdings Inc. (ALRM) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALRM EPS forecast?
ALRM EPS forecast for the fiscal quarter 2024 (Q4) is $0.53.
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