AlarmCom Hldg Inc(NASDAQ: ALRM) stock rose over 7.5% on December 21st, 2017 (as of 12:00PM EST; Source: Google finance) leading to the total rise of over 41.1% in this year to date. Allianz Asset Management enhanced their holdings in shares in the group by 7.3% during the 3rd quarter, while Brown Advisory boosted their stake by 27.8% during the period. The stock has an upside of 26.2% as per six analysts consensus ratings (Source: tipranks.com)
For the third quarter of 2017, the group’s SaaS and license revenue surged 39% to $61.9 million for the third quarter of 2017, from $44.6 million in pcp. The overall revenue enhanced 33% on a yoy basis to $90.0 million for the third quarter of 2017. The GAAP net income rose to $15.1 million, or $0.31 per diluted share, for the third quarter of 2017, from $2.6 million or $0.05 per diluted share, for the third quarter of 2016.
For the fourth quarter of 2017, the group forecasts a SaaS and license revenue to be in the range of $63.7 million to $63.9 million. For the full year 2017, SaaS and license revenue is estimated to be in the range of $234.8 million to $235.0 million. The overall revenue is expected to be in the range of $332.8 million to $334.0 million, which comprises expected hardware and other revenue in the range of $98.0 million to $99.0 million.
As of the third quarter, the group held a cash and cash equivalents of $84.6 million as of September 30, 2017, from $140.6 million as of December 31, 2016. They refinanced their $72.0 million debt outstanding under its prior revolving credit facility by making a new $125.0 million senior secured revolving credit facility, with no change in its outstanding debt of $72.0 million. Cash flows from operations increased to urged $13.8 million as compared to $3.6 million in the quarter ended September 30, 2016.
The group released New Web Dashboard for Subscribers, while launched Software Enhancements to Video Service. EnergyHub the group’s subsidiary launched Mercury 3.0