TYSONS, Va. — Alarm.com Holdings, Inc. (Nasdaq: ALRM) reported financial results for the fourth quarter and full year ended December 31, 2015. Security-as-a-Service (SaaS) and license revenue increased 25% to $38.7 million compared to $30.9 million in 2014.
Also, the company reported total revenue of $56.9 million, a 25% increase from $45.6 for the fourth quarter of 2014.
“Our 2015 fourth quarter and full year results demonstrated nice momentum which positions us well for 2016,” said Steve Trundle, president and CEO of Alarm.com. “We led with innovation, and our service provider partners continued to see strong demand for the interactive services we enable in North America and increasingly abroad.”
The company also introduced its financial outlook for the 2016 first quarter and full year. SaaS and license revenue is expected to be approximately $39.3 million to $39.5 million for the first quarter and $169 million to $169.5 million for the full year. Total revenue for 2016 is expected to be approximately $236.0 million to $239.5 million, which includes anticipated hardware and other revenue for the year in the range of $67 million to $70 million.
Today, ALRM shares have surged by as much as 24% to a high of more than $22.
For Alarm.com’s complete financial report, read through the company’s press release.
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