Alarm Com Hldgs Inc Stock Price, News & Analysis

Alarm.com Holdings reported a 19.1% increase in total revenue, reaching $205.4 million for Q1 2022, and a 14.8% rise in SaaS and license revenue to $123.2 million. However, GAAP net income dropped to $9.1 million, down from $14.8 million in Q1 2021, due to increased shipping and inventory costs. Non-GAAP adjusted EBITDA also fell to $29.9 million from $35.6 million. The company expects Q2 SaaS and license revenue between $126.2 million and $126.4 million, and total revenue guidance for 2022 has been increased to $822.7 million to $853.3 million.

PointCentral, a subsidiary of Alarm.com (NASDAQ: ALRM), has announced its integration with CheckpointID to enhance security in self-guided tours for multifamily properties. This partnership allows for automated image-based government ID verification, enabling swift vetting of prospective residents. Once a government ID image and a selfie are uploaded, verification is completed within seconds, ensuring a secure tour booking process. This development addresses increasing safety concerns among property managers and investors, bolstering confidence in self-guided tours.

EnergyHub announced the inclusion of the Amazon Smart Thermostat in its partner ecosystem, enhancing demand response programs for over 60 utility clients. This initiative aims to support utilities in reaching decarbonization goals and improving consumer choices. The Amazon Smart Thermostat, priced at $59.99, is ENERGY STAR certified and integrates with Alexa. The program fosters increased consumer enrollment in energy-saving initiatives, helping utilities manage energy loads during peak periods.

Alarm.com Holdings, Inc. (Nasdaq: ALRM) will release its 2022 first quarter financial results on May 5, 2022, after market close. A conference call and webcast will follow at 4:30 p.m. ET to discuss the results. Stakeholders can access the live call at US/Canada Toll-Free: (866) 588-3290 and find more information via Alarm.com investors page. This platform is recognized for its intelligently connected property solutions.

PointCentral, a subsidiary of Alarm.com (NASDAQ: ALRM), has launched a new Smart Noise Monitor aimed at short-term rental managers. This device helps monitor noise levels, alerting property owners before issues arise with noisy renters. According to a 2021 Property Management Insights Report, 86% of surveyed managers recognize the value of such technology, yet many have not yet implemented it. The noise monitor integrates seamlessly with PointCentral's platform, allowing for efficient management across multiple properties.

Alarm.com Holdings, Inc. (Nasdaq: ALRM) announced that CFO Steve Valenzuela will attend the Raymond James 43rd Annual Institutional Investors Conference in Orlando, Florida. The event is set for Monday, March 7, 2022, with Valenzuela's presentation scheduled at 9:15 a.m. ET. Alarm.com is a leading platform for connected properties, utilizing IoT technology for security, video, and energy management solutions. Their services are trusted by millions of consumers and businesses globally, available through a network of professional service providers.

Alarm.com, listed on NASDAQ as ALRM, has launched a new line of commercial-grade Power Over Ethernet (PoE) cameras designed for various business applications. The Pro Series cameras come in four models, including 1080p and 4MP options, and feature Business Activity Analytics software for enhanced operational insights. These cameras offer capabilities like occupancy tracking and queue monitoring, and are NDAA compliant. The launch coincides with the ISC West show in Las Vegas from March 23-25, 2022.

EnergyHub announced its acquisition of Packetized Energy, enhancing its Mercury DERMS with advanced load shaping and grid management capabilities. This strategic move aims to meet rising demands from utilities for innovative tools to manage distributed energy resources (DERs) and improve grid integration. Packetized Energy's Nimble platform leverages algorithms to optimize grid service value from DERs. With over 60 utilities using EnergyHub's solutions, this acquisition positions EnergyHub to better address future grid challenges and support carbon reduction goals.

Governor Glenn Youngkin announced that Alarm.com (NASDAQ: ALRM) will invest $2.6 million to expand its technology R&D division in Fairfax County, Virginia, creating 180 new jobs. This investment highlights the region's strong workforce and high concentration of STEM talent. Alarm.com, recognized among Fortune's top 100 Fastest Growing Companies, employs approximately 700 workers in Virginia. The expansion will be supported by the Virginia Jobs Investment Program, enhancing the local economy and job market.