Alarm.com Q2 adjusted EPS beats estimates
Overview
Adjusted EPS for Q2 beats estimates, indicating strong operational performance
Adjusted EBITDA for Q2 rises 13%, beating analyst expectations
Outlook
Alarm.com expects Q3 SaaS and license revenue between $171.4 mln and $171.6 mln
Alarm.com raises full-year SaaS and license revenue guidance to $681.0 mln-$681.4 mln
Full-year total revenue expected between $990.0 mln and $996.4 mln
Non-GAAP adjusted EBITDA for 2025 expected between $195.0 mln and $196.5 mln
Result Drivers
SaaS AND LICENSE REVENUE - Increased 9% to $170.0 mln, contributing to overall revenue growth
AI-DRIVEN VIDEO ANALYTICS - OpenEye's new AI-powered tools likely supported revenue by enhancing product offerings
SMART THERMOSTAT LAUNCH - New T25 thermostat may have contributed to revenue growth through expanded product line
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EPS | Beat | $0.6 | $0.51 (8 Analysts) |
Q2 EPS | $0.63 | ||
Q2 Net Income | $34.22 mln | ||
Q2 Adjusted EBITDA | Beat | $48.40 mln | $43.20 mln (7 Analysts) |
Q2 Operating Expenses | $134.82 mln | ||
Q2 Operating income | $32.02 mln | ||
Q2 Pretax Profit | $39.36 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Alarm.com Holdings Inc is $68.00, about 18% above its August 6 closing price of $55.77
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 23 three months ago
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