Alarm Com Hldgs Inc Stock Price, News & Analysis

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.

Alarm.com Holdings, Inc. (NASDAQ: ALRM) reported Q1 2021 financial results with SaaS and license revenue up 16.8% to $107.4 million, total revenue increased 13.5% to $172.5 million. Net income rose to $14.8 million or $0.29 per diluted share. Cash and cash equivalents surged to $642.2 million following a $500 million convertible notes issuance. The company launched new solutions like Smarter Business Temperature Monitoring and enhanced enterprise dashboards. Alarm.com expects Q2 2021 SaaS revenue between $108.9 million and $109.1 million, and full-year revenue guidance raised to $680.5 million to $691 million.

My Alarm Center has announced the promotion of Erik Mellon to Vice President of Technology, effective April 26, 2021. Previously the Director of Information Technology, Mellon played a crucial role in transitioning the company to remote work during the COVID-19 pandemic, ensuring continuous operations. His strategic initiatives included the deployment of a new call center system and cybersecurity enhancements. With a background from companies like Comcast, Mellon's leadership is expected to strengthen the company's technology infrastructure, aligning with My Alarm Center's commitment to providing top-tier security services across the U.S.

PointCentral, a subsidiary of Alarm.com, has partnered with Helm Smart Home to launch Helm Rentals, a new e-commerce platform aimed at short-term rental property managers with fewer than 25 doors. This collaboration allows smaller property managers to access advanced property automation solutions previously exclusive to larger companies, thereby leveling the competitive landscape. Sean Miller, President of PointCentral, emphasized the goal of making smart property technology accessible to all managers in the vacation rental market, enhancing operational efficiency and guest experiences.

Alarm.com Holdings, Inc. (Nasdaq: ALRM) announced it will publish its 2021 first quarter financial results on May 4, 2021, after market close. Management will host a conference call at 4:30 p.m. ET to discuss the results. The live call can be accessed via toll-free numbers for US/Canada and international callers. A replay will be available shortly after the call, lasting until May 11, 2021. Alarm.com provides a platform for managing connected properties, offering security, automation, and energy management solutions globally.

OpenEye and Alarm.com have announced a joint integration aimed at enhancing security solutions. This integration connects OpenEye Web Services (OWS) with Alarm.com's business security platform, offering improved video verification and real-time alerts. Users can receive actionable notifications and view critical video footage linked to security events directly through the platforms. The collaboration aims to streamline incident management and enhance user experience, positioning both companies to better serve the growing demand for video-surveillance-as-a-service solutions.

Alarm.com (Nasdaq: ALRM) has launched a new service called Connected Car, developed in partnership with CalAmp (Nasdaq: CAMP), allowing users to integrate vehicle status and home automation through a single mobile app. Compatible with most cars made since 1996, this device offers features like vehicle diagnostics, driving behavior monitoring, and theft alerts. Users can automate home functions based on the vehicle's location, enhancing security and convenience. Connected Car is available through authorized service providers in the U.S. and Canada.

Alarm.com Holdings, Inc. (Nasdaq: ALRM) reported a strong financial performance for Q4 and full year 2020. SaaS and license revenue increased by 17% year-over-year to $105.5 million, contributing to an 18% rise in total revenue to $165.6 million. GAAP net income grew to $16.0 million, representing $0.31 per diluted share. For 2021, the company anticipates SaaS and license revenue in the range of $440.5 million to $441.5 million. Recent product launches include the Touchless Video Doorbell and the integration of OpenEye, enhancing Alarm.com's service offerings.