Alarm.com Sees Q2 Saas And License Revenue $153.8M-$154M; FY24 SaaS And License Revenue $624.5M-$625M; FY24 EPS $2.14-$2.16 Vs $2.14 Est.; Total Revenue $914.5M-$931M Vs $925.18M Est.

For the second quarter of 2024:

• SaaS and license revenue is expected to be in the range of $153.8 million to $154.0 million.

For the full year 2024:

• SaaS and license revenue is expected to be in the range of $624.5 million to $625.0 million.
• Total revenue is expected to be in the range of $914.5 million to $931.0 million, which includes anticipated hardware and other revenue in the range of $290.0 million to $306.0 million.
• Non-GAAP adjusted EBITDA is expected to be in the range of $164.0 million to $166.0 million.
• Non-GAAP adjusted net income attributable to common stockholders is expected to be in the range of $118.5 million to $119.5 million, based on an estimated tax rate of 21.0%.
• Based on an expected 55.3 million weighted average diluted shares outstanding, non-GAAP adjusted net income attributable to common stockholders is expected to be $2.14 to $2.16 per diluted share.

The 2024 guidance provided above is forward-looking in nature. Actual results may differ materially. See the cautionary note regarding "Forward-Looking Statements" below. The guidance provided above is based on expectations as of the date of this press release and Alarm.com undertakes no obligation to update guidance after such date.