Alarm.com Sees Q3 2023 SaaS, License Revenue $141.4M-$141.6M
Portfolio Pulse from Benzinga Newsdesk
Alarm.com has projected its Q3 2023 SaaS and license revenue to be between $141.4 million and $141.6 million. The full year 2023 SaaS and license revenue is expected to range from $562.3 million to $562.7 million. Total revenue for the year is anticipated to be between $872.3 million and $887.7 million. Non-GAAP adjusted EBITDA and net income attributable to common stockholders are expected to be in the range of $128.0 million to $131.0 million and $92.2 million to $94.2 million respectively.
August 09, 2023 | 8:12 pm
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POSITIVE IMPACT
Alarm.com's projected increase in Q3 2023 SaaS and license revenue could potentially boost investor confidence and positively impact the company's stock price.
The projected increase in Alarm.com's Q3 2023 SaaS and license revenue indicates potential growth in the company's core business. This could boost investor confidence and lead to a positive impact on the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100