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Alarm.com Reports Second Quarter 2021 Results - Second quarter total revenue increased 33.3 % year - over - year to $ 188.9 million Second quarter SaaS and license revenue increased 18.3 % year - over - year to $ 113.2 million -- - Second quarter GAAP net income attributable to common stockholders decreased 13.2 % year - over - year to $ 14.7 million , compared to $ 17.0 million for the second quarter of 2020 -- -- Second quarter non - GAAP adjusted EBITDA increased 30.1 % year - over - year to $ 38.0 million , compared to $ 29.2 million for the second quarter of 2020 - TYSONS , VA . , August 5 , 2021 --Alarm.com Holdings , Inc. ( Nasdaq : ALRM ) , the leading platform for the intelligently connected property , today reported financial results for its second quarter ended June 30 , 2021. Alarm.com also provided its financial outlook for SaaS and license revenue for the third quarter of 2021 and increased its guidance for the full year of 2021 . " We're pleased to report solid results for the second quarter , " said Steve Trundle , President and CEO of Alarm.com . " Our service providers in North America continued to create new accounts with a rich set of advanced services such as video and video analytics for residential subscribers , and the small business and commercial market opportunities improved during the quarter . " Second Quarter 2021 Financial Results as Compared to Second Quarter 2020 SaaS and license revenue increased 18.3 % to $ 113.2 million , compared to $ 95.7 million . Total revenue increased 33.3 % to $ 188.9 million , compared to $ 141.6 million . GAAP net income attributable to common stockholders decreased to $ 14.7 million , or $ 0.28 per diluted share , compared to $ 17.0 million , or $ 0.34 per diluted share . Non - GAAP adjusted EBITDA ( * ) increased to $ 38.0 million , compared to $ 29.2 million . Non - GAAP adjusted net income attributable to common stockholders ( * ) increased to $ 27.7 million , or $ 0.54 per diluted share , compared to $ 20.6 million or $ 0.41 per diluted share . Balance Sheet and Cash Flow Total cash and cash equivalents increased to $ 662.7 million as of June 30 , 2021 , compared to $ 253.5 million as of December 31 , 2020. The increase in cash and cash equivalents was primarily due to the January 2021 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 June 30 , 2021 , cash flows from operations was $ 24.1 million and non - GAAP free cash flow ( * ) was $ 20.8 million , compared to cash flows from operations of $ 35.1 million and non - GAAP free cash flow of $ 31.8 million for the quarter ended June 30 , 2020 . ( * ) Reconciliations of the non - GAAP measures are set forth at the end of this press release . Recent Business Highlights Launched Ambient Insights for Alarm Response to Enhance Professionally Monitored Security Services : Ambient Insights for Alarm Response leverages Alarm.com's artificial intelligence and adaptive machine learning platform to evaluate alarm signals and provide an assessment of the likelihood that the subscriber will cancel the alarm . With these real - time insights , monitoring stations can dispatch police , fire or emergency medical services to properties faster and reduce dispatches for false alarms . Ambient Insights for Alarm Response complements the extensive capabilities provided by Alarm.com to subscribers and monitoring stations for reducing false alarms and enhancing the value of professional monitoring services . Industry Award Recognitions for Innovation : Flex IO , Alarm.com's LTE Category M , battery - powered sensor that can flexibly monitor properties and assets anywhere , won Smart Home Product of the Year from the Security Industry Association's annual awards competition . Alarm.com also won two awards in the 2021 Electronic Security Expo Innovation Awards competition . Alarm.com's new touchless doorbell won the Video Surveillance category for its advanced video analytics capabilities , and Flex IO won the Internet of Things category . Introduced new capabilities for Smart Water Valve + Meter Solution : Alarm.com's Smart Water Valve + Meter solution now provides more insights and awareness to help subscribers conserve water and protect their property from water - related damage . With the Alarm.com mobile app and web interface , property owners can monitor water usage over time and compare current usage to past periods and their average use . New freeze and winter plumbing alerts include a reminder to winterize external water supplies and notifications when both water and outdoor temperatures create a greater risk for frozen pipes . The notifications are triggered by local weather conditions and include links to helpful content and recommendations for protecting pipes and property from freezing temperatures . 1