Alarm.com Holdings, Inc. (ALRM) Tops Q4 EPS by 6c; Issues Strong Outlook
Alarm.com Holdings, Inc. (NASDAQ: ALRM) reported Q4 EPS of $0.19, $0.06 better than the analyst estimate of $0.13. Revenue for the quarter came in at $69.8 million versus the consensus estimate of $63.95 million.
“We’re pleased to report solid results for the quarter as we closed another year of continued growth and profitability,” said Steve Trundle, President and CEO of Alarm.com. “During the year, we launched innovative new technology for our service provider partners, and we continued to develop growth initiatives that we believe will allow us to extend the Alarm.com platform into new markets in the future. With the acquisition of Connect and Piper from Icontrol Networks now completed, we can grow our research and development capacity and further increase our participation in the Internet of Things secular trend.”
Financial Outlook
Alarm.com is introducing its outlook for 2017 first quarter SaaS and license revenue and its guidance for the full year.This includes an anticipated partial year contribution from the closing of the acquisition of the Connect and Piper business units from Icontrol Networks on March 8, 2017.
For the first quarter of 2017:
- SaaS and license revenue is expected to be in the range of $49.3 million to $49.5 million.
For the full year 2017:
- SaaS and license revenue is expected to be in the range of $231 million to $232.5 million.
- Total revenue is expected to be in the range of $322 million to $325.5 million, which includes anticipated hardware and other revenue for the year in the range of $91 million to $93 million. (*** consensus is $337 million)
- Adjusted EBITDA is expected to be in the range of $65 million to $66 million.
- Non-GAAP adjusted net income is expected to be in the range of $36 million to $37 million.
- Based on an expected 49.4 million weighted average shares outstanding (diluted), non-GAAP adjusted net income is expected to be in the range of $0.73 to $0.75 per diluted share. (*** consensus is $0.65)
For earnings history and earnings-related data on Alarm.com Holdings, Inc. (ALRM) click here.