Alarm.com Holdings, Inc. (NASDAQ: ALRM) reported Q1 EPS of $0.42, $0.08 better than the analyst estimate of $0.34. Revenue for the quarter came in at $151.9 million versus the consensus estimate of $125.61 million.

“I am very proud of our service provider partners and the Alarm.com team for their ongoing commitment to servicing customers and keeping millions of properties secure during the COVID-19 pandemic,” said Steve Trundle, President and CEO of Alarm.com. “For most of the first quarter, we benefited from the same strong business momentum that we saw in the back half of last year and this drove our strong results. As we got into March, however, we saw the pandemic begin to impact our business and the businesses of many of our service provider partners. We are well-positioned to manage through uncertainty, but we expect the remainder of the year to be a more challenging period.”

GUIDANCE:

Alarm.com Holdings, Inc. sees Q2 2020 SaaS and license revenue of $92.4-92.8 million.

Alarm.com Holdings, Inc. sees FY2020 EPS of $1.36-$1.45, versus the consensus of $1.48. Alarm.com Holdings, Inc. sees FY2020 SaaS and license revenue of $375-380 million.

For earnings history and earnings-related data on Alarm.com Holdings, Inc. (ALRM) click here.