Alarm.com(US:ALRM)2020-05-08 18:19Company Overview - Alarm.com is a cloud-based (SaaS) operating system for intelligently managing residential and commercial properties using IoT technology[8] - The company has over 6.8 million subscribers[9] - Alarm.com has over 9,000 service provider partners[9] - The platform processes over 200 billion data points annually[13] - The platform supports over 100 million connected devices[13] Market Opportunity - Security is the primary motivator for smart home purchases, with 41% driven by personal and family security[29] - The North American commercial video surveillance market represents a $4.4 billion total addressable market (TAM)[32] - Video Surveillance as a Service (VSaaS) market share is forecasted to increase from 9% in 2018 to 15% by 2022[32] - Alarm.com serves 6.8 million homes in the US and Canada with professionally monitored security out of 24 million total[30] Financial Performance (1Q20) - SaaS & License Revenue reached $92.0 million, a 15% year-over-year increase[83] - Total Revenue reached $151.9 million, a 35% year-over-year increase[84] - Adjusted EBITDA was $29.2 million, a 20% year-over-year increase[83] - The company has an ending cash balance of $171.7 million[84]