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Alarm.com Holdings, Inc. reports news about its cloud-based platform for intelligently connected properties, including security, video surveillance, access control, intelligent automation, energy management, wellness and active-shooter detection. The company serves residential, multifamily, small-business and enterprise commercial markets through professional service providers and commercial integrators, with recurring updates tied to SaaS and license revenue, product expansion and platform adoption.
Company announcements commonly cover AI-driven video analytics, camera hardware, legacy alarm-system upgrades through the Universal Communicator, OpenEye enterprise video capabilities, PointCentral multifamily access and automation, and Shooter Detection Systems gunshot-detection technology. Earnings releases and outlook updates also describe operating performance for the Alarm.com platform and adjacent automation and energy-management offerings.
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Alarm.com (NASDAQ: ALRM) has announced the acquisition of Vintra, a software provider specializing in AI-powered video analytics for the commercial sector. This acquisition aims to enhance Alarm.com's deep learning capabilities and accelerate the deployment of advanced video analytics across its platforms. Vintra's technology transforms video data into actionable intelligence, capable of tracking various objects and events.
The integration of Vintra's team and technology is expected to solidify Alarm.com's leadership in AI and machine learning within the security domain. Financial terms of the deal were undisclosed, but the acquisition is seen as a strategic move to expand Alarm.com's market presence and offer innovative solutions to service providers and integrators.
Alarm.com Holdings, Inc. (NASDAQ: ALRM) will report its 2023 first quarter financial results after market close on May 10, 2023. Management will host a conference call and webcast at 4:30 p.m. ET to discuss the outcomes. Interested parties can click here to pre-register for the call and receive dial-in details. Investors can also access the webcast via Alarm.com's investor relations website.
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.