ALARM.COM HOLDINGS Reports 5.2% Revenue Increase for Q2 FY2023, Totaling USD 223.9 Million
August 17, 2023
☀️Earnings Overview
ALARM.COM HOLDINGS ($NASDAQ:ALRM) reported total revenue of USD 223.9 million for the second quarter of FY2023, on June 30th 2023, a 5.2% rise compared to the same quarter in the previous year. Net income for the same period was reported to be USD 15.8 million, an increase of 45.8% year-over-year.
Analysis
GoodWhale has conducted an analysis of ALARM.COM HOLDINGS‘s financials, and according to the Star Chart, the company is quite strong in terms of growth and profitability, and medium in terms of asset. It is weak, however, in dividend. As for its health score, ALARM.COM HOLDINGS has a very high rating of 9/10 with regard to its cashflows and debt, indicating that it is more than capable of sustaining its future operations even in times of crisis. Moreover, ALARM.COM HOLDINGS is classified as a ‘gorilla’, a type of company that we conclude has managed to achieve stable and high revenue or earning growth due to its strong competitive advantage. This makes it an attractive investment for investors looking for a reliable, long-term return. Investors who like to buy and hold stocks, as well as those looking for a stable dividend income, may be particularly interested in such company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Alarm.com Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 857.87 | 66.63 | 7.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Alarm.com Holdings. More…
| Operations | Investing | Financing |
| 77.91 | -58.78 | -34.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Alarm.com Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.38k | 710.62 | 12.92 |
Key Ratios Snapshot
Some of the financial key ratios for Alarm.com Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.1% | 2.4% | 8.7% |
| FCF Margin | ROE | ROA |
| 7.7% | 7.4% | 3.4% |
Peers
Alarm.com Holdings Inc is a leading provider of interactive security services. The company offers a suite of security and automation products and services that enable customers to control their homes and businesses from wherever they are. Alarm.com’s products and services are available through a network of authorized dealers and distributors in the United States, Canada, Europe, Australia, and Asia.
ChannelAdvisor Corp is a global e-commerce platform company that enables brands and retailers to increase sales across online channels including marketplaces, paid search, and social media. ChannelAdvisor’s software solutions are used by over 5,000 customers worldwide to manage more than $23 billion in annual gross merchandise value.
UserTesting Inc is the world’s leading provider of on-demand human insights. UserTesting enables companies to put their customers at the center of every decision they make by delivering fast, reliable, and actionable insights about the real user experience. UserTesting’s global panel of on-demand testers provides instant feedback on websites, mobile apps, prototypes, and more.
Casy Co Ltd is a Japanese company that manufactures and sells a wide range of security products, including burglar alarms, smoke detectors, and security cameras. Casy also offers a variety of home automation products and services, such as home security systems, home automation systems, and home networking products.
– ChannelAdvisor Corp ($NYSE:ECOM)
ChannelAdvisor Corp is a provider of cloud-based e-commerce solutions that enable retailers and manufacturers to increase the global sales of their products. The company’s software platform enables its customers to connect to multiple online marketplaces, websites, and other selling channels. ChannelAdvisor’s solutions include order management, listing management, campaign management, inventory management, shipping management, and reporting.
ChannelAdvisor has a market cap of 728.75M as of 2022. The company’s ROE is 5.5%. ChannelAdvisor enables retailers and manufacturers to increase the global sales of their products through its software platform. The company’s solutions include order management, listing management, campaign management, inventory management, shipping management, and reporting.
– UserTesting Inc ($NYSE:USER)
UserTesting Inc is a publicly traded company with a market capitalization of 565.84M as of 2022. The company provides a platform that allows businesses to connect with users for feedback on websites, apps, and prototypes. The company has a negative return on equity of -27.62% as of 2022.
– Casy Co Ltd ($TSE:9215)
Casy Co Ltd is a Japanese company that manufactures and sells electronic products. The company has a market cap of 1.87B as of 2022 and a Return on Equity of -2.78%. The company’s products include digital cameras, camcorders, and other electronic products.
Summary
ALARM.COM HOLDINGS reported strong financial results for the second quarter of FY2023, with total revenue increasing by 5.2% year over year and net income expanding 45.8%. This indicates that the company is continuing to experience growth and is a promising stock for investors. The revenue increase can be attributed to the company’s focus on innovation and customer satisfaction, which has led to more customers signing up for services.
Additionally, ALARM.COM HOLDINGS’ expanding customer base has also allowed the company to capitalize on new opportunities and increase profitability. With a healthy outlook and growing financials, ALARM.COM HOLDINGS is an attractive investment option for investors.
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