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Alarm.com Reports First Quarter 2021 Results - First quarter SaaS and license revenue increased 16.8 % year - over - year to $ 107.4 million · -- First quarter total revenue increased 13.5 % year - over - year to $ 172.5 million - First quarter GAAP net income attributable to common stockholders increased 68.4 % year - over - year to $ 14.8 million , compared to $ 8.8 million for the first quarter of 2020 -- First quarter non - GAAP adjusted EBITDA increased 22.0 % year - over - year to $ 35.6 million , compared to $ 29.2 million for the first quarter of 2020 -- TYSONS , VA . , May 4 , 2021 --Alarm.com Holdings , Inc. ( Nasdaq : ALRM ) , the leading platform for the intelligently connected property , today reported financial results for its first quarter ended March 31 , 2021. Alarm.com also provided its financial outlook for SaaS and license revenue for the second quarter of 2021 and increased its guidance for the full year of 2021 . " We're pleased to report solid results to begin the year , " said Steve Trundle , President and CEO of Alarm.com . " During the quarter , we continued to see good momentum in the North American market and our service provider partners continued to drive growth as they used our technology to reinforce their strong position in the connected property market . " First Quarter 2021 Financial Results as Compared to First Quarter 2020 SaaS and license revenue increased 16.8 % to $ 107.4 million , compared to $ 91.9 million . Total revenue increased 13.5 % to $ 172.5 million , compared to $ 151.9 million . GAAP net income attributable to common stockholders increased to $ 14.8 million , or $ 0.29 per diluted share , compared to $ 8.8 million , or $ 0.18 per diluted share . Non - GAAP adjusted EBITDA increased to $ 35.6 million , compared to $ 29.2 million . Non - GAAP adjusted net income attributable to common stockholders increased to $ 25.8 million , or $ 0.50 per diluted share , compared to $ 20.9 million or $ 0.42 per diluted share . Balance Sheet and Cash Flow Total cash and cash equivalents increased to $ 642.2 million as of March 31 , 2021 , compared to $ 253.5 million as of December 31 , 2020. The increase in cash and cash equivalents was primarily due to the issuance of $ 500.0 million aggregate principal amount of 0 % convertible senior notes due January 15 , 2026 in a private placement to qualified institutional buyers , resulting in proceeds of $ 484.3 million , net of $ 15.7 million of transaction fees and other debt issuance costs . For the quarter ended March 31 , 2021 , cash flows from operations was $ 21.2 million and non - GAAP free cash flow was $ 17.2 million , compared to cash flows from operations of $ 12.9 million and non - GAAP free cash flow of $ 9.2 million for the quarter ended March 31 , 2020 . Recent Business Highlights Launched Smarter Business Temperature Monitoring : Alarm.com launched a comprehensive new solution for businesses to monitor temperature - sensitive inventory or areas . Smarter Business Temperature Monitoring provides real - time monitoring and customized alerts , historical reporting and multi - location awareness . Alarm.com designed the solution to help restaurants , grocery stores , pharmacies and other commercial verticals with heavy investments in sensitive inventory to reduce spoilage and waste and ensure health safety and inspection compliance . Award - Winning Technology for Service Providers : Alarm.com offers a comprehensive suite of services that support service providers ' operations and enable them to more efficiently install new systems , support existing customers and maximize account lifetime value . CE Pro , a leading trade publication , recognized Alarm.com with a 2021 Quest for Quality Award for offering one of the best programs in the industry for service providers to generate additional recurring monthly revenue . Enhanced Enterprise Dashboards for Commercial Subscribers : Enterprise dashboards enable multi - location businesses to monitor and manage all their properties through an intelligently integrated and easy - to - navigate interface . New Enterprise capabilities include centralized multi - site security and access control that enable administrators to provide an employee with customized access permissions to multiple properties with a single user code or access badge . Permissions are based on business location and can control site - level access to security systems and associated partitions . Enhancements to Alarm.com's Enterprise Video Dashboard include scheduled and on - demand video health reports that provide the real - time status and trouble conditions for thousands of video cameras across all business locations or regions . EnergyHub Expands Base of Electric Vehicle ( EV ) Charging Programs : EnergyHub announced a partnership with energy utility Potomac Edison to manage its EV charging program . The EnergyHub platform will administer a dynamic pricing program to incentivize customer adoption of connected EV charging infrastructure , encourage EV charging 1