Company name:
Alarmcom Holdings Inc
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IPO SHARE PRICE:$14.00
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IPO DATE:June 26, 2015
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TICKER:ALRM
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MAIN STOCK EXCHANGE:NASDAQ
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CURRENT HQ LOCATION:8281 Greensboro Drive Suite 100 Tysons Virginia 22102
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Alarmcom Holdings Inc
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Income Statement
(USD in thousand)
Selected Year:
31-Dec
2020
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
63.6% —
SaaS and license revenue
36.4% —
Hardware and other revenue
Selected Year:
31-Dec
2020
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
90.9%
28.1% —
Hardware costs
24.6% —
Research and development
12.7% —
General and administrative
12.3% —
Sales and marketing
8.7% —
Cost of SaaS and license revenue
4.5% —
Depreciation and amortization
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Cost of SaaS and license revenue
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35,610 | 44,933 | 50,066 | 53,539 | 53,539 | 55,464 | ||||
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Hardware costs
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80,578 | 100,782 | 133,533 | 173,889 | 173,889 | 181,576 | ||||
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Total cost of revenue
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$116,188 | $145,715 | $183,599 | $227,428 | $227,428 | $237,040 | ||||
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Sales and marketing
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43,490 | 55,902 | 61,815 | 75,967 | 75,967 | 94,248 | ||||
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Research and development
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72,755 | 89,204 | 114,443 | 152,147 | 152,147 | 155,468 | ||||
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General and administrative
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55,396 | 95,750 | 69,959 | 78,643 | 78,643 | 92,036 | ||||
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Depreciation and amortization
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17,734 | 21,721 | 22,134 | 27,520 | 27,520 | 29,988 | ||||
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Total operating expenses
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$189,375 | $262,577 | $268,351 | $334,277 | $334,277 | $371,740 |
Selected Year:
31-Dec
2020
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
9.1%
9.1% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Year:
31-Dec
2020
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
4.1%
4.1% —
Other income
Selected Year:
31-Dec
2020
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
13.3%
13.3% —
EBIT
Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
31-Dec
2020
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
0.8%
0.1% —
Interest income
0.4% —
Interest expense
0.6% —
Income tax expense or benefit
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Interest expense and/or income
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(2,199) | (2,918) | - | - | - | - | ||||
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Interest expense
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(2,199) | (2,918) | (2,974) | (2,596) | (2,596) | (2,108) | ||||
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Interest income
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1,031 | 2,272 | 4,922 | 870 | 870 | 544 | ||||
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Income before income taxes
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32,241 | 11,699 | 58,896 | 80,160 | 80,160 | 54,672 | ||||
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Income tax expense or benefit TEST - ODD
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2,990 | (9,825) | 5,566 | 3,500 | 3,500 | (7,884) |
Selected Year:
31-Dec
2020
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
12.4%
12.4% —
Net income (loss)
It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
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Net income (loss)
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$29,251 | $21,524 | $53,330 | $76,660 | $76,660 | - | ||||
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Net income attributable to participating securities
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(13) | (3) | - | - | - | - | ||||
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Net income (loss) attributable to common stock
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29,238 | 21,521 | 53,531 | 77,853 | 77,853 | 63,868 | ||||
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Dividends paid to participating securities
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- | - | - | - | - | - | ||||
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Net income (loss) attributable to participating securities
Net income (loss) attributable to participating securities
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(13) | (3) | - | - | - | - | ||||
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Net income (loss) attributable to redeemable non-controlling interests
Net income (loss) attributable to redeemable non-controlling interests
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- | - | 201 | 1,193 | 1,193 | 1,312 |
Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Selected Year:
31-Dec
2020
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
31-Dec
2020
2020
Dividends
Dividend is fraction of Earnings that is paid out in cash form to investor now; It's important to watch out that dividends don't exceed EPS on continuous basis as it is a sign that management is manipulating investor's perception of value of the company