Alarm.com Holdings (ALRM) FY2018 results: revenue $420 million, up 24.1% on the year
Alarm.com Holdings, Inc. (ALRM) reported revenue of $420 million for fiscal 2018, the year ended 31 December 2018, up 24.1% on the year before. Net income was $22 million, down 26.4%, and diluted earnings per share $0.43. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$420 million
+24.1% on the year
FY2013FY2018
Operating margin
2.9%
9.8% a year earlier
FY2013FY2018
Net income
$22 million
-26.4% on the year
FY2013FY2018
Diluted EPS
$0.43
-27.1% on the year
FY2013FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
420
339
261
+24.1%
Cost of revenue
146
116
99.4
+25.4%
Gross profit
275
223
162
+23.4%
Gross margin
65.3%
65.7%
61.9%
Research and development
89.2
72.8
44.3
+22.6%
Operating income
12.2
33.4
14.1
-63.4%
Operating margin
2.9%
9.8%
5.4%
Pre-tax income
11.7
32.2
14.4
-63.7%
Income tax
-9.8
3.0
4.2
Effective tax rate
-84.0%
9.3%
29.4%
Net income
21.5
29.3
10.2
-26.4%
Net margin
5.1%
8.6%
3.9%
Diluted EPS
$0.43
$0.59
$0.21
-27.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
60.7
57.2
22.6
+6.2%
Capital expenditure
11.0
10.5
9.1
+5.3%
Free cash flow
49.7
46.7
13.5
+6.4%
Free cash flow margin
11.8%
13.8%
5.2%
Cash from investing
-13.4
-169
-11.4
Cash from financing
2.4
67.3
1.1
-96.4%
Depreciation and amortisation
21.7
17.7
6.5
+22.5%
Share-based compensation
13.4
7.4
4.0
+81.2%
Buybacks
0.0
0.0
0.0
-88.9%
Dividends paid
n/a
0.0
0.0
Dividend per share
n/a
$0.00
$0.00
Diluted shares, weighted
50m
49m
48m
+1.1%
Shares outstanding at period end
48m
47m
46m
+1.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
278
233
191
+19.2%
Redeemable equity
0.0
0.0
n/a
Debt
67.0
71.0
6.7
-5.6%
Other liabilities
96.4
67.8
63.3
+42.1%
Total liabilities and equity
441
372
261
+18.7%
Fixed assets
27.8
23.5
20.2
+18.3%
Goodwill
63.6
63.6
24.7
0.0%
Intangible assets
79.1
94.3
4.6
-16.1%
Cash and equivalents
146
96.3
141
+51.6%
Receivables
49.5
40.6
29.8
+21.8%
Inventory
23.0
14.2
10.5
+62.2%
Other assets
52.0
39.2
30.8
+32.8%
Total assets
441
372
261
+18.7%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.