Alarm.com Holdings, Inc. - ALRM STOCK NEWS

Alarm.com for Business has unveiled new commercial offerings ahead of ISC West, including enhanced Power Over Ethernet (PoE) cameras and Third-Party Camera Support. These additions aim to integrate seamlessly with Alarm.com’s platform, enhancing security solutions for small businesses. The latest Pro Series 727P Mini-Bullet Camera offers features like Perimeter Guard™ and Two-Way Audio, while new Cell Connector for Access Control allows installations without wired connections. The products will be showcased at the ISC West show in Las Vegas on March 29 and 30, 2023.

Alarm.com Holdings, traded as ALRM on Nasdaq, announced its participation in two significant investor conferences. Steve Valenzuela, Chief Financial Officer, will host one-on-one meetings at the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023, in Orlando, FL, with a Fireside Chat scheduled for 11:00 a.m. ET. Additionally, he will attend the 35th Annual Roth Conference on March 13, 2023, in Laguna Niguel, CA, featuring another Fireside Chat at 12:30 p.m. ET. Alarm.com provides advanced IoT solutions for property management globally.

Alarm.com Holdings reported strong financial results for Q4 and full year 2022. SaaS and license revenue rose 10.5% year-over-year to $134.6 million, while total revenue increased by 6.6% to $208.1 million. For the year, total revenue reached $842.6 million, reflecting a 12.5% increase. The company achieved a GAAP net income of $56.3 million, up 7.8% from 2021. Despite these gains, cash and cash equivalents fell to $622.2 million due to share repurchases and growth-related investments. Looking ahead to Q1 2023, projections for SaaS and license revenue are set between $132.4 million and $132.6 million.

Alarm.com Holdings, Inc. (NASDAQ: ALRM) will report its 2022 fourth quarter and full year financial results after the market close on February 23, 2023. A conference call and webcast will follow at 4:30 p.m. ET the same day, where management will discuss the financial results.

Alarm.com is a leader in intelligently connected property solutions, providing technology for security, video, access control, and more. Its offerings are designed for both consumers and businesses, with support from a vast network of service providers in North America and globally. For further details, visit www.alarm.com.

Alarm.com unveils the Water Dragon™ at the 2023 CES, a whole-home water protection solution designed to detect leaks and monitor water usage through a mobile app. Utilizing advanced ultrasonic technology, it alerts homeowners about potential water issues, helping prevent costly repairs. A recent survey shows 83% of homeowners believe automated detection reduces water damage risk. The Water Dragon is easy to install and will be available in the U.S. and Canada in spring/summer 2023. This device is part of a broader system that includes energy management solutions.

Alarm.com has introduced Smart Arming, a new feature for its home security systems that offers intelligent automatic arming and disarming based on user activity. Nominated as a CES® 2023 Innovation Awards Honoree, this feature allows for customizable settings based on daily routines, reducing false alarms. Available globally and free for current customers, Smart Arming signifies Alarm.com's commitment to enhancing home security and user convenience.

Alarm.com Holdings, Inc. (Nasdaq: ALRM) announces that CFO Steve Valenzuela will participate in investor meetings at three major conferences in December 2022. The Raymond James Technology Investor Conference will take place on December 6 in New York, featuring a fireside chat at 11:30 a.m. ET. Following this, Valenzuela will host meetings at the Barclays Global Technology, Media and Telecommunications Conference on December 8 in San Francisco, before participating in another fireside chat at the Imperial Capital’s 19th Annual Security Investor Conference on December 15 in New York at 9:30 a.m. ET.

Alarm.com Holdings, Inc. reported strong third-quarter results for 2022, with total revenue increasing 12.4% year-over-year to $216.1 million and SaaS and license revenue rising 12.8% to $133.1 million. GAAP net income rose to $18.3 million, or $0.35 per diluted share. However, the company anticipates a $6.0 million revenue impact due to a dispute with Vivint regarding license fees, along with additional legal costs.

Outlook for fourth quarter 2022 estimates SaaS revenue between $130.5 million and $130.7 million.

EnergyHub reported an 83% increase in demand response events this summer, successfully shifting 8.5 GWh off-peak. This achievement involved 900,000+ devices collaborating with over 60 utilities to manage 1.3 GW of load flexibility. The summer of 2022 was particularly challenging due to record heat, yet customers participated in 1,376 events, supporting grid reliability without needing costly infrastructure upgrades. EnergyHub aims to assist in achieving 100% renewable energy by 2035, providing essential tools for a sustainable energy future.