ALARM.COM HOLDINGS Reports 5.2% YOY Increase in Total Revenue for Q2 FY2023
August 14, 2023
☀️Earnings Overview
For the second quarter of fiscal year 2023 ending June 30th 2023, ALARM.COM HOLDINGS ($NASDAQ:ALRM) reported total revenue of USD 223.9 million, which translates to a 5.2% year-over-year increase. Net income also rose to USD 15.8 million, a 45.8% upsurge from the same period in the prior fiscal year.
Analysis
GoodWhale has conducted an analysis of ALARM.COM HOLDINGS‘s financials and identified some concerning risk indicators. Upon evaluating the Risk Rating, GoodWhale has determined that ALARM.COM HOLDINGS is a high risk investment in terms of financial and business aspects. The analysis of the income sheet, balance sheet, and cashflow statement has produced three risk warnings that potential investors should be aware of. To access detailed information regarding the risk warnings, it is necessary to become a registered user on GoodWhale. 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 recently reported their financial results for the second quarter of FY2023, with total revenue of USD 223.9 million and a 5.2% year over year increase in net income to USD 15.8 million. This represents a 45.8% year over year growth compared to the same period in the previous fiscal year, indicating that the company is doing well financially. Investors should take note of these impressive results, as ALARM.COM HOLDINGS looks to be a promising investment opportunity with strong potential for growth.
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