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Alarm.com Reports Third Quarter 2021 Results -- - Third quarter total revenue increased 21.1 % year - over - year to $ 192.3 million -- Third quarter SaaS and license revenue increased 17.9 % year - over - year to $ 118.1 million -- -- Third quarter GAAP net income attributable to common stockholders was $ 13.5 million , compared to $ 36.1 million for the third quarter of 2020 - -- Third quarter non - GAAP adjusted EBITDA increased 8.9 % year - over - year to $ 37.6 million , compared to $ 34.5 million for the third quarter of 2020 -- TYSONS , VA . , November 4 , 2021 --Alarm.com Holdings , Inc. ( Nasdaq : ALRM ) , the leading platform for the intelligently connected property , today reported financial results for its third quarter ended September 30 , 2021. Alarm.com also provided its financial outlook for SaaS and license revenue for the fourth quarter of 2021 and increased its guidance for the full year of 2021 . " We are pleased to report another quarter of solid results , " said Steve Trundle , President and CEO of Alarm.com . " During the third quarter , we saw continued momentum as our service provider partners successfully deployed the growing range of Alarm.com's connected property solutions . The Alarm.com team also introduced innovative new technology , including video analytics capabilities , that will expand our opportunities in both the residential and commercial markets . " Third Quarter 2021 Financial Results as Compared to Third Quarter 2020 SaaS and license revenue increased 17.9 % to $ 118.1 million , compared to $ 100.1 million . Total revenue increased 21.1 % to $ 192.3 million , compared to $ 158.9 million . GAAP net income attributable to common stockholders decreased to $ 13.5 million , or $ 0.26 per diluted share , compared to $ 36.1 million , or $ 0.71 diluted share , primarily due to a gain of $ 24.7 million on the sale of an investment in one of our platform partners during the third quarter of 2020 . Non - GAAP adjusted EBITDA ( * ) increased to $ 37.6 million , compared to $ 34.5 million . Non - GAAP adjusted net income attributable to common stockholders ( * ) increased to $ 27.4 million , or $ 0.53 per diluted share , compared to $ 24.8 million or $ 0.49 per diluted share . Balance Sheet and Cash Flow Total cash and cash equivalents increased to $ 700.3 million as of September 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 September 30 , 2021 , cash flows from operations was $ 37.9 million , compared to $ 18.6 million for the quarter ended September 30 , 2020. For the quarter ended September 30 , 2021 , non - GAAP free cash flow ( * ) was $ 36.3 million , compared to $ 15.1 million for the quarter ended September 30 , 2020 . ( * ) Reconciliations of the non - GAAP measures are set forth at the end of this press release . Recent Business Highlights Launched Perimeter Guard : Based on Alarm.com's advanced video analytics software , Perimeter Guard can proactively identify and engage would - be intruders before they can threaten physical property . Perimeter Guard enables certain outdoor video cameras to automatically respond to suspicious activity with audible alerts and flashing red LED lights to deter potential break - ins . Subscribers can target specific activity and areas of their property with loitering detection , directional tripwires and ground zones capabilities . Perimeter Guard is offered as an enhancement to Alarm.com's video analytics services and supports residential and commercial subscribers . Introduced Commercial Video Analytics : Business Activity Analytics significantly enhances Alarm.com's commercial video offering with capabilities that can help improve and optimize business operations . Commercial subscribers can intelligently monitor a full range of customer and employee activity through occupancy tracking , people counting , queue monitoring , crowd gathering and heat mapping . Real - time notifications and powerful business intelligence reporting can help streamline customer flows , reduce wait times , measure the effectiveness of marketing campaigns and enforce occupancy and social distancing limits . Released Pro - Series Commercial Video Cameras : Designed to commercial specifications , the Pro - Series line enables the full range of Alarm.com's Business Activity Analytics and enhances the forensic image quality of recorded video . The cameras are compliant with National Defense Authorization Act and are available in a turret , bullet and dome form factor with 4 - megapixel image sensor options and varifocal lenses . Whether a commercial customer needs to monitor a large area such as a parking lot , or a narrow hallway or a door , Pro - Series cameras can flexibly adjust to meet the robust coverage and image quality requirements of mid - market commercial installations . 1