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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 Holdings, Inc. (Nasdaq: ALRM) announced CFO Steve Valenzuela's participation in upcoming investor conferences. These include the Raymond James Technology Investors Conference on December 7, 2021, the Barclays Global Technology, Media, and Telecommunications Conference on December 8, 2021, and the Imperial Capital Security Investors’ Conference in New York, NY, on December 15, 2021. The company is a leader in connected property solutions, serving millions through its advanced IoT platform, providing security, intelligent automation, and energy management solutions.
Alarm.com Holdings reported a 21.1% year-over-year increase in total revenue for Q3 2021, reaching $192.3 million. SaaS and license revenue also rose 17.9% to $118.1 million. However, GAAP net income dropped to $13.5 million from $36.1 million in Q3 2020, primarily due to a prior year investment gain. Non-GAAP adjusted EBITDA increased by 8.9% to $37.6 million. The company’s cash and equivalents surged to $700.3 million. Looking ahead, SaaS revenue is projected between $456.7 million and $456.9 million for the full year.
Alarm.com Holdings (Nasdaq: ALRM) announces Steve Valenzuela, CFO, will conduct one-on-one investor meetings at two key conferences:
- Roth Technology Conference (Virtual) on November 17, 2021
- Credit Suisse Technology Conference in Scottsdale, AZ on December 1, 2021
Alarm.com is a leader in the connected property sector, offering a platform that integrates IoT devices for security, automation, energy management, and more. The company's services benefit millions globally through professional service providers.
Alarm.com Holdings, Inc. (Nasdaq: ALRM) is set to release its Q3 2021 financial results after the market closes on November 4, 2021. A conference call will follow at 4:30 p.m. ET to discuss the results. Alarm.com is recognized as a leader in the intelligently connected property sector, providing platforms for managing IoT devices globally. Investors can access the live call at specific toll-free numbers or via webcast. The conference ID for the call is 4968939.
Alarm.com Holdings (Nasdaq: ALRM) announced robust financial results for Q2 2021, with SaaS and license revenue rising 18.3% to $113.2 million, while total revenue surged 33.3% to $188.9 million. However, GAAP net income dropped to $14.7 million, or $0.28 per diluted share. Cash and equivalents increased significantly to $662.7 million, largely due to a $500 million convertible note issuance. The company raised its SaaS and license revenue guidance for Q3 2021 to $114.9-$115.1 million and full-year estimates to $452.3-$452.8 million, projecting substantial growth moving forward.
Alarm.com (Nasdaq: ALRM) has launched Ambient Insights for alarm response, a solution that enhances alarm monitoring by recognizing property activity and providing real-time data to monitoring stations. This innovation allows for faster emergency service dispatch and helps reduce false alarms. By assessing alarm signals and unusual activity, it empowers monitoring stations to prioritize responses effectively. The technology builds on Alarm.com’s existing machine learning capabilities and aims to improve public safety and customer experience.
Alarm.com Holdings, Inc. (Nasdaq: ALRM) is set to release its 2021 second quarter financial results on August 5, 2021, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results. Alarm.com specializes in connected property technology, supporting millions of consumers and businesses with security, video, and automation solutions via a network of professional service providers. The live call can be accessed through toll-free numbers and will have a subsequent replay available.
Alarm.com Holdings, Nasdaq: ALRM, announced that CFO Steve Valenzuela will host one-on-one investor meetings at two upcoming virtual conferences. The William Blair Growth Stock Conference is scheduled for June 2, 2021, while the Bank of America Merrill Lynch Global Technology Conference will take place on June 10, 2021. Alarm.com is recognized as the leading platform for intelligently connected properties, offering various IoT solutions for security, automation, and energy management through a network of professional service providers worldwide.
PointCentral, a leading provider of smart home solutions for vacation rentals, has achieved significant recognition in 2021, winning two prestigious awards. The Keystone Awards named it the winner in the Smart Home Automation category, highlighting the company's blend of enterprise tech and niche expertise. Additionally, PointCentral won the Best Home Automation Solution at The Shortyz 2021 Awards, celebrated for excellence in the short-term rental industry. With over 10 years in the market, PointCentral continues to innovate, affirming its position as a leader in property automation.
Alarm.com Holdings (Nasdaq: ALRM) announced that CFO Steve Valenzuela will speak at the J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2021. The fireside chat is scheduled for 10:15 a.m. ET.
Alarm.com is recognized as the leading platform for intelligently connected properties, providing technology solutions for security, video monitoring, energy management, and more. This event showcases Alarm.com's commitment to advancing technology in the connected property sector.
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