Alarm Com Hldgs Inc Stock Price, News & Analysis

Alarm.com Holdings reported a second quarter total revenue increase of 12.7% year-over-year to $212.8 million, driven largely by a 14.4% rise in SaaS and license revenue to $129.5 million. However, GAAP net income dropped to $10.8 million from $14.7 million in Q2 2021, attributed to higher shipping and component costs. Non-GAAP adjusted EBITDA fell slightly to $37.1 million. The company anticipates SaaS and license revenue for Q3 2022 between $130.9 million and $131.1 million, and full-year revenue guidance now stands between $828.5 million and $859.0 million.

EnergyHub has launched EnergyHub EV, a solution designed for utilities to enhance electric vehicle (EV) demand flexibility and data management. This platform is built on the Mercury DERMS system, used by over 60 leading utilities managing over 700,000 devices including EVs and chargers. The solution improves grid reliability by optimizing charging and integrating vehicle-to-grid services. It features a mobile app for personalized charging preferences and supports various incentive programs, solidifying its role in the transition to a clean energy future.

Alarm.com Holdings will report its Q2 2022 financial results on August 9, 2022, after market close. Management will host a conference call at 4:30 p.m. ET the same day to discuss the results. Alarm.com is recognized as the leading platform for intelligently connected properties, providing advanced solutions for security, automation, and energy management. The company’s stock is traded on Nasdaq under the symbol ALRM.

Alarm.com has launched a new Solar Automation & Awareness service package and Solar Program Certification Course to meet rising demand in the solar market, which has seen a remarkable 42% average annual growth rate over the past decade. This integrated solution allows users with SolarEdge and Enphase inverters to monitor their solar energy production and consumption through Alarm.com's mobile app, enabling smarter energy decisions. The official launch is this month, aiming to enhance energy management for service providers and consumers alike.

Alarm.com highlights the growing trend of home ownership with tips for protecting investments in the home. Recent data shows first-time home buyers increased to 34% between July 2020 and June 2021. The company outlines 12 essential items for homeowners, emphasizing smart home technologies like security systems and thermostats to enhance safety and efficiency. Alarm.com's solutions include smarter locks, video surveillance, and connected smoke alarms to ensure comprehensive protection. As the leading platform in connected property management, Alarm.com continues to support millions of consumers and businesses with innovative IoT technologies.

Alarm.com Holdings, traded as ALRM on Nasdaq, announces that Steve Valenzuela, CFO, will host investor meetings at the 8th Annual Roth London Conference from June 21 to June 23, 2022. Alarm.com is a leader in the intelligently connected property sector, offering technology solutions for security, video, access control, automation, and more. Their platform integrates with numerous Internet of Things (IoT) devices, serving millions globally through a network of service providers.

Alarm.com Holdings, Inc. (Nasdaq: ALRM) has announced participation in several investor conferences, with Steve Valenzuela, Chief Financial Officer, hosting one-on-one meetings. The conferences include:

• Needham Technology & Media Conference on May 18, 2022
• J.P. Morgan Global Technology, Media and Communications Conference on May 23-24, 2022
• William Blair Growth Stock Conference on June 6-7, 2022

Alarm.com is a leader in property management technology, integrating with various IoT devices for comprehensive solutions.

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.