Alarm.com Reports Q4 Total Revenue Increased 26%
Quarterly earnings included a SaaS and license revenue increase of 16% to $90.1 million, compared to $77.8 million the prior period.
Quarterly earnings included a SaaS and license revenue increase of 16% to $90.1 million, compared to $77.8 million the prior period.
The company reported recurring service revenue in the quarter increased 44% to $4.5 million, compared to $3.2 million for the same period last year.
Adjusted EBITDA totaled $62.5 million and $204.5 million in the three and nine months, respectively, compared to $71.3 million and $213.5 million in the prior year periods.
The company posted a net loss of $182 million, compared to the prior year’s net loss of $236 million.
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Reporting Q4 results, Napco said net income for the fiscal year increased 60% to a record $12.2 million from $7.6 million a year ago.
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ADT reported a Q2 loss while showing 80% of residential installs are now smart home systems, with 15,000 Amazon Alexa Guard deployments.