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AI brief of an SEC Form 8-K · Alarm.Com (ALRM)

Alarm.com Q1 profit rises 63.7% to $23.6 million and full-year guidance is raised

Positive Impact 4 of 5 earnings Written later

Alarm.com reported first-quarter 2024 results on May 9, 2024, with GAAP net income attributable to common stockholders up 63.7% to $23.6 million, or $0.44 per diluted share, and SaaS and license revenue up 11.0% to $150.3 million. The company raised its full-year 2024 guidance for SaaS and license revenue, non-GAAP adjusted EBITDA and non-GAAP adjusted net income attributable to common stockholders, which points to higher expected results for shareholders.

Key points

  • GAAP net income attributable to common stockholders was $23.6 million, or $0.44 per diluted share, versus $14.4 million, or $0.28, a year earlier
  • Total revenue rose 6.5% to $223.3 million; non-GAAP adjusted EBITDA rose 21.2% to $37.0 million
  • Full-year 2024 SaaS and license revenue guidance is $624.5 million to $625.0 million, and non-GAAP adjusted EBITDA guidance is $164.0 million to $166.0 million
  • A $4.0 million credit loss reserve tied to a subordinated credit agreement with a service provider partner reduced first-quarter earnings

The filing

CompanyAlarm.Com (ALRM)
Form8-K, current report
Filed with the SECMay 9, 2024, 4:09 PM ET
Accession number0001459200-24-000015

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 09, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.