Alarm.com Holdings, Inc. - ALRM STOCK NEWS

Lessen, a tech-enabled property services solution provider, has appointed Sean Miller as its new Chief Revenue Officer. Miller, a proptech industry veteran, will lead the company's marketing and revenue-generating operations. His extensive background includes roles as CRO at Sensor Industries, CEO and Co-Founder of Griot, and President of PointCentral, an Alarm.com subsidiary. Miller's appointment is aimed at scaling Lessen's operations in the $1.5 trillion property services sector, which he describes as one of the last relatively untapped markets for technology innovation.

Alarm.com's Remote Video Monitoring (RVM) Console has won the 2024 Most Valuable Product (MVP) Award from Security Sales & Integration in the Central Station/Monitoring category. This innovative system enables round-the-clock concierge video monitoring and proactive deterrence services for customers with Alarm.com Video Analytics cameras.

The RVM Console allows central station operators to review critical property and event data in real-time when cameras detect suspicious activity. Operators can intervene using on-site hardware to communicate through cameras, activate warning lights and audio alerts, and dispatch law enforcement if necessary. The cloud-based console provides rich contextual information and a comprehensive array of deterrence measures.

Alarm.com also received a second 2024 MVP Award for Shooter Detection Systems (SDS) Powered by Alarm.com, an end-to-end solution that instantly detects gunshots and provides critical information to first responders.

Alarm.com has announced a multi-year sponsorship of Max Esterson, an American rookie in the FIA Formula 3 Championship. Esterson's unique journey began with online racing at age 11, transitioning to real-world racing at 17. He quickly gained success, becoming the first American to win both the Formula Ford Festival and the Walter Hayes Trophy.

Now competing in F3, one of the top open-wheel championships globally, Esterson has already scored championship points and qualified on the front row. Alarm.com sees this partnership as an opportunity to showcase their innovative solutions, drawing parallels between Esterson's speed and accuracy and their own technology advancements in connecting software and physical systems for home and business security.

EnergyHub, a leading grid-edge flexibility provider and Alarm.com (NASDAQ: ALRM) subsidiary, has integrated multiple Emporia distributed energy resources (DERs) with its virtual power plant (VPP) platform. This collaboration incorporates Emporia's electric vehicle (EV) chargers and energy storage products within EnergyHub's Edge Distributed Energy Resource Management System (DERMS), enabling grid-aware cross-DER optimization for utilities.

The integration expands VPP capabilities for EnergyHub clients, providing greater bulk and distribution grid benefits. Emporia's expertise in whole-home energy management and streamlined device enrollment process makes it an ideal partner for scaling VPPs. By 2030, VPPs could reduce peak demand in the US by 60 gigawatts (GW) and grow to over 200 GW by 2050, potentially reducing annual power sector expenditures by $35 billion in 2030.

Alarm.com (ALRM) reported strong Q2 2024 results, with SaaS and license revenue increasing 11.0% to $155.9 million. GAAP net income attributable to common stockholders surged 112.1% to $33.5 million, or $0.62 per diluted share. Non-GAAP adjusted EBITDA rose 17.8% to $42.8 million.

The company's total cash and cash equivalents increased to $1.1 billion, partly due to the issuance of $500 million in convertible senior notes. Alarm.com also raised its full-year 2024 guidance for revenue, non-GAAP adjusted EBITDA, and non-GAAP adjusted net income, reflecting confidence in its growth trajectory.

Shooter Detection Systems (SDS), an Alarm.com (NASDAQ: ALRM) company, has won the Campus Security Today 2024 Secure Campus Award at the Platinum level in the Fire/Life Safety category for its Indoor Gunshot Detection System. This marks the second consecutive year SDS has been recognized by the program.

The system uses dual sensor technology to identify both the acoustic sound and infrared flash of a gunshot. When detected, trained safety agents contact 911 call centers with real-time data via ResponderLink emergency response services, providing important information to improve situational awareness for responding officers.

Rich Onofrio, CTO of SDS, emphasized the system's role in protecting building occupants in educational and corporate settings by promptly notifying first responders in gun violence events, enhancing safety and response times.

EnergyHub, a leading grid-edge flexibility provider, and Wallbox (NYSE:WBX), a global EV charging and energy management company, have partnered to expand access to utility programs for EV managed charging across North America. This integration will make Wallbox EV chargers eligible for utility active and passive managed charging programs, addressing the growing demand for residential charging solutions.

The partnership aims to help utilities reshape EV charging load, protect distribution assets, and manage load growth while offering customers financial incentives. Wallbox devices are expected to be enrolled in utility programs by August 2024. This collaboration aligns with the increasing adoption of home EV charging, which accounts for 80% of all EV charging according to the U.S. Department of Energy.

Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for intelligently connected properties, has announced it will report its 2024 second quarter financial results after the market close on August 8, 2024. The company will host a conference call and webcast to discuss these results at 4:30 p.m. ET on the same day. Investors can pre-register for the conference call to obtain dial-in information or listen via webcast on Alarm.com's investor relations website. A recorded version will be available after the call concludes.

Alarm.com is a prominent platform for managing and controlling properties remotely, serving millions of consumers and businesses. The company's technology integrates various Internet of Things (IoT) devices and offers solutions for security, video, access control, automation, energy management, and wellness through a network of professional service providers globally.

Alarm.com (Nasdaq: ALRM), a leading platform for intelligently connected properties, announced its participation in the 10th Annual Roth London Conference. Steve Valenzuela, the company's Chief Financial Officer, will host one-on-one investor meetings on Wednesday, June 26, 2024. This event offers a significant opportunity for investors to engage directly with Alarm.com's financial leadership and gain insights into the company's strategies and performance.