Welcome to our dedicated page for Alarm Com Hldgs news (Ticker: ALRM), a resource for investors and traders seeking the latest updates and insights on Alarm Com Hldgs stock.
Alarm.com Holdings, Inc. (NASDAQ: ALRM) is a leading provider of cloud-based security and smart home solutions for residential and commercial properties. The company's platform allows customers to intelligently connect and manage security systems, video monitoring, intelligent automation, and energy management services, which are available through a network of professional service providers across North America and globally.
Alarm.com's core business centers on the 'Alarm.com' segment, which provides cloud-based software platforms for connected properties. The company also has an 'Other' segment focused on developing residential and commercial automation solutions and energy management products. A majority of its revenue comes from the Alarm.com segment through SaaS and license fees paid by service providers who resell these services on a subscription basis.
In 2023, Alarm.com reported strong financial results with SaaS and license revenue increasing to $569.2 million, representing a 9.4% growth compared to 2022. The company achieved a GAAP net income attributable to common stockholders of $81 million, a notable improvement from $56.3 million in 2022. For the first quarter of 2024, SaaS and license revenue grew by 11.0% year-over-year to $150.3 million, and the company’s total revenue reached $223.3 million, up by 6.5% compared to the previous year.
Recent business highlights include the launch of innovative solutions like the Remote Video Monitoring (RVM) Console, AI-powered Familiar Vehicle Analytics, and the Connected Fleet solution, broadening its service offerings for commercial markets. Alarm.com also expanded its proactive security capabilities with new technologies such as the Sunflower Labs Autonomous Security Drone and advanced gunshot detection systems from Shooter Detection Systems.
The company maintains a strong financial position with cash and cash equivalents of $747.9 million as of March 31, 2024. It aims to continue growing its market share through strategic investments and ongoing enhancements to its platform, providing comprehensive security and automation solutions that enhance safety and efficiency for millions of users worldwide.
Alarm.com (ALRM) reported strong financial results for Q4 and full year 2024. Fourth quarter SaaS and license revenue grew 11.7% to $165.7 million, while total revenue increased 7.1% to $242.2 million. Q4 GAAP net income was $30.1 million.
Full year 2024 showed significant growth with SaaS and license revenue up 10.9% to $631.2 million and total revenue reaching $939.8 million, a 6.6% increase. GAAP net income rose to $122.5 million from $80.3 million in 2023. The company's cash position strengthened to $1.22 billion, partly due to the issuance of $500 million in convertible notes.
Notable achievements include EnergyHub's record-breaking grid flexibility performance and the acquisition of CHeKT for remote video monitoring. For 2025, Alarm.com projects SaaS and license revenue between $671.2-671.8 million and total revenue of $978.2-980.8 million.
Alarm.com Holdings (ALRM) has announced its participation in two major upcoming investor conferences in March 2025. Chief Financial Officer Steve Valenzuela will represent the company at both events.
The first engagement is at the Raymond James 46th Annual Institutional Investor Conference in Orlando, Florida on March 4, 2025. Valenzuela will host one-on-one investor meetings and participate in a fireside chat scheduled for 9:50 AM ET.
The second event is the 37th Annual ROTH Conference in Dana Point, California on March 18, 2025, where Valenzuela will host investor meetings.
Alarm.com (ALRM) has announced a majority-stake acquisition of CHeKT, a leading cloud platform for remote video monitoring (RVM) services. The acquisition strengthens Alarm.com's position in the emerging professional video monitoring space. CHeKT's platform provides subscription-based RVM services enabling central stations and service providers to deliver proactive, crime-stopping solutions to commercial and residential subscribers.
CHeKT's control room operator interface facilitates proactive video verification and response capabilities, with compatibility across various video camera brands and security products. CHeKT will maintain independent operations, while Alarm.com's video solution and OpenEye enterprise video solution will be fully integrated into CHeKT's control room software. The acquisition enhances Alarm.com's ability to offer comprehensive RVM solutions for all property types through their service provider partners. Financial terms of the acquisition were not disclosed.
Alarm.com Holdings (Nasdaq: ALRM), the leading platform for intelligently connected property solutions, has scheduled its 2024 fourth quarter and full year financial results announcement for February 20, 2025, after market close. Management will host a conference call and webcast at 4:30 p.m. ET on the same day to discuss the results.
The company provides security, video, access control, intelligent automation, energy management, and wellness solutions through a network of professional service providers across North America and globally. Their technology enables millions of consumers and businesses to manage and control their properties remotely through IoT device integration.
Alarm.com (ALRM) unveiled its new AI Deterrence (AID) automated audio response service at CES 2025. The system uses AI to deliver customized verbal warnings to potential intruders based on their appearance and location. When individuals are detected by Alarm.com cameras, the system activates audio alerts and flashing lights, followed by specific verbal warnings describing the trespasser and their location.
The solution can be used independently or integrated with Alarm.com's Remote Video Monitoring (RVM) Console. The company also introduced the Outdoor Floodlight Camera (ADC-V729), featuring 4MP video, Two-Way Talkdown, and 3,000 Lumen floodlights with red and blue warning lights and siren capabilities. AID received an Electronic Security Expo Innovation Award in 2024 for its contribution to the security industry.
EnergyHub, North America's largest provider of residential flexibility solutions, has acquired Kapacity.io, a European leader in heat pump optimization and flexibility. EnergyHub's distributed energy resource management system currently manages over 1.5 million distributed energy resources across 100+ utility programs in North America.
Kapacity.io specializes in helping retailers optimize heat pump energy consumption on dynamic tariffs and provides grid balancing services to system operators. The acquisition aims to expand EnergyHub's virtual power plant (VPP) operations beyond North America, combining their experience with Kapacity.io's European market expertise to manage multiple device types including EVs, battery storage, and thermostats.
OpenEye, a cloud video security solutions provider, has appointed Eric Moe as Vice President for North American Sales. Moe, who brings extensive experience from companies like Milestone Systems and Genea Access Control, will manage the OpenEye sales team supporting partners and customers in the US and Canada. The company currently maintains over one million active video subscriptions and nearly two million connected devices, experiencing significant growth both domestically and internationally. Moe's appointment aims to support this expansion while advancing cloud-native technologies and AI-powered analytics in the security industry.
Alarm.com Holdings (Nasdaq: ALRM) announced its Chief Financial Officer, Steve Valenzuela, will participate in two upcoming investor conferences. He will host one-on-one investor meetings at the Raymond James 2024 TMT & Consumer Conference in New York on December 09, 2024, and at the Barclays 22nd Annual Global Technology Conference in San Francisco on December 11, 2024. Alarm.com is positioned as the leading platform for intelligently connected properties.
EnergyHub and FranklinWH have announced a partnership to integrate FranklinWH's whole-home energy management system with EnergyHub's Edge DERMS platform. The collaboration aims to expand virtual power plants (VPPs) across North America. FranklinWH is currently participating in three utility programs through this partnership across Massachusetts, Rhode Island, Connecticut, and North Carolina. The integration enables residential customers to earn rewards by allowing utilities to discharge batteries during peak electricity demand periods, while also providing whole-home backup power during outages.
Alarm.com (ALRM) reported strong Q3 2024 results with significant growth across key metrics. SaaS and license revenue increased 9.8% to $159.3 million, while total revenue grew 8.4% to $240.5 million. GAAP net income surged 87.9% to $36.7 million. The company's cash position strengthened to $1.17 billion, boosted by a $500 million convertible notes offering. Notable business developments include the launch of OpenEye Cloud Cameras, AI-Deterrence capability, and Smart Thermostat HQ. The company increased its full-year 2024 guidance, expecting SaaS and license revenue between $628.7-628.9 million.
FAQ
What is the current stock price of Alarm Com Hldgs (ALRM)?
What is the market cap of Alarm Com Hldgs (ALRM)?
What does Alarm.com Holdings, Inc. do?
What segment contributes most to Alarm.com's revenue?
How did Alarm.com perform financially in 2023?
What new products and innovations has Alarm.com recently introduced?
How strong is Alarm.com's financial position?
Who are Alarm.com's service providers?
Where is Alarm.com's stock traded?
What are the key features of Alarm.com's platform?
What recent financial achievements has Alarm.com reported?
What is Alarm.com's approach to innovation?
