Alarm.com Holdings (ALRM) FY2023 results: revenue $882 million, up 4.6% on the year
Alarm.com Holdings, Inc. (ALRM) reported revenue of $882 million for fiscal 2023, the year ended 31 December 2023, up 4.6% on the year before. Net income was $81 million, up 43.9%, and diluted earnings per share $1.53. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$882 million
+4.6% on the year
FY2016FY2023
Operating margin
7.6%
6.1% a year earlier
FY2016FY2023
Net income
$81 million
+43.9% on the year
FY2016FY2023
Diluted EPS
$1.53
+43.0% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
136
56.9
103
+139.0%
Capital expenditure
7.5
28.6
11.1
-73.8%
Free cash flow
128
28.3
92.1
+354.5%
Free cash flow margin
14.6%
3.4%
12.3%
Cash from investing
-26.0
-68.3
-20.4
Cash from financing
-31.9
-76.3
374
Depreciation and amortisation
31.4
30.9
29.7
+1.8%
Share-based compensation
47.3
52.7
38.7
-10.2%
Buybacks
27.3
78.8
0.0
-65.4%
Diluted shares, weighted
55m
55m
52m
-0.6%
Shares outstanding at period end
50m
49m
50m
+0.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
689
599
613
+15.0%
Redeemable equity
36.3
24.0
12.9
+51.4%
Debt
494
490
425
+0.6%
Operating lease liabilities
20.5
27.4
32.6
-25.2%
Other liabilities
201
189
148
+6.3%
Total liabilities and equity
1,440
1,329
1,232
+8.3%
Fixed assets
54.2
57.2
41.7
-5.3%
Goodwill
154
148
113
+4.3%
Intangible assets
78.6
82.5
91.4
-4.7%
Cash and equivalents
697
622
711
+12.0%
Receivables
131
124
106
+5.1%
Inventory
96.1
116
75.3
-16.8%
Other assets
229
180
94.5
+27.3%
Total assets
1,440
1,329
1,232
+8.3%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.