Alarom.com Holdings (ALRM) Files for $75M IPO

Alarom.com Holdings, Inc. (Nasdaq: ALRM) filed a registration with the U.S. SEC for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $75 million. The company plans to list on the Nasdaq under the ticker, ALRM.

Underwriters on the IPO are Goldman, Sachs & Co., Credit Suisse, BofA Merrill Lynch, Stifel, Raymond James, William Blair, and Imperial Capital.

Brief financial summary: For the year ended December 31, 2014, our revenue was $167.3 million, representing year-over-year revenue growth of 28 percent. For the first quarter of 2015, our revenue was $46.0 million, representing year-over-year revenue growth of 25 percent. For the year ended December 31, 2014, our SaaS and license revenue was $111.5 million, representing year-over-year SaaS and license revenue growth of 35 percent. For the first quarter of 2015, our SaaS and license revenue was $32.0 million, representing year-over-year revenue growth of 27 percent. Our SaaS and license revenue represented 67 percent of our total revenue for the year ended December 31, 2014 and 69 percent of our total revenue in the first quarter of 2015. Hardware and other revenue accounted for 33 percent of our total revenue for the year ended December 31, 2014 and 31 percent of our total revenue in the first quarter of 2015. For the year ended December 31, 2014, and on a consolidated basis, we generated net income of $13.5 million and Adjusted EBITDA, a non-GAAP metric, of $28.3 million. For the first quarter of 2015, we generated net income of $3.0 million and Adjusted EBITDA, a non-GAAP metric, of $7.0 million.

Alarom.com is a leading platform solution for the connected home. Through the company's cloud-based services, Alarm.com makes connected home technology broadly accessible to millions of home and business owners.

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