Company Overview - Alarm.com is a cloud-based (SaaS) operating system for intelligently connected properties[9] - As of June 30, 2020, Alarm.com has over 6.8 million subscribers[10] and over 9,000 service provider partners[10] - Alarm.com processed over 200 billion data points in the last year[17] and supports over 100 million connected devices[17] Market Opportunity - The global smart security market is projected to reach $21 billion in 2022[25] - In the US and Canada, there are 144 million homes[31], with 24 million having professionally monitored security[31], and 6.8 million powered by Alarm.com[31] - The video surveillance Total Addressable Market (TAM) in the Americas is $4.4 billion[39], with Video-Surveillance-as-a-Service (VSaaS) market share expected to increase from 9% in 2018 to 15% by 2022[39] Financial Performance - In Q2 2020, Alarm.com's SaaS & License Revenue was $95.7 million[121], representing 16% year-over-year growth[121] - Total revenue for Q2 2020 was $141.6 million[121], a 16% year-over-year increase[121] - Adjusted EBITDA for Q2 2020 was $29.2 million[121], with a total gross margin of 65.4%[121] - Alarm.com ended Q2 2020 with a cash balance of $205.8 million[121] and free cash flow of $31.8 million[121]