Alarm Com Hldgs Inc Stock Price, News & Analysis

Alarm.com (Nasdaq: ALRM) has launched the Touchless Video Doorbell, designed to minimize contact and enhance safety for home visits and deliveries. This innovative device allows users to ring the bell without pressing a button, utilizing advanced person detection technology. The doorbell includes features like a 150° vertical field of view, HD resolution, and night vision. Integrated with the Alarm.com ecosystem, it supports automation, such as turning on lights when detecting a person. The product aims to cater to increasing health-conscious consumer behavior, especially amid public health concerns.

Alarm.com (Nasdaq: ALRM) has acquired Shooter Detection Systems (SDS), a leading provider of indoor gunshot detection technology. Founded in 2013, SDS addresses the active shooter threat with its proprietary Guardian Indoor Active Shooter Detection System. The acquisition enhances Alarm.com's commercial solutions, enabling partners to offer advanced gunshot detection systems to various sectors, including government and entertainment. SDS will remain a subsidiary under its current management, focusing on engineering advancements and integration with Alarm.com's existing security ecosystem.

PointCentral has launched the Connected Retro, a smart intercom solution that enhances existing telephone-based systems without hardware changes. This upgrade offers property managers improved security and tenant satisfaction via a mobile app. The integration with ButterflyMX allows residents to control visitor access and monitor smart key usage. The new solution promotes operational efficiency and tenant safety, especially relevant during the COVID-19 pandemic. More information can be found at PointCentral's website.

Alarm.com Holdings, Inc. (Nasdaq: ALRM) announced its participation in several virtual investor conferences. CFO Steve Valenzuela will host one-on-one meetings at the Credit Suisse 24th Annual Technology Conference on December 1, 2020, and the Imperial Security Investor Conference on December 2, 2020. He will also engage in a fireside chat at the Northland Tech Virtual Conference on December 7, the Raymond James Technology Investors Conference on December 8, and the Barclays Global Technology, Media, and Telecommunications Conference on December 10.

Alarm.com Holdings, Inc. (Nasdaq: ALRM) reported strong Q3 2020 results, with total revenue rising 24.2% to $158.9 million and SaaS revenue increasing 17.9% to $100.1 million year-over-year. GAAP net income surged to $36.1 million ($0.71 per share), compared to $17.7 million ($0.35 per share) in Q3 2019. Cash flow from operations reached $18.6 million, significantly up from $1.0 million a year prior. The company has raised its revenue outlook for Q4 2020 and full-year 2020, forecasting SaaS revenue between $389.0 million and $389.2 million. Alarm.com also launched innovative products and expanded partnerships in energy management.

Alarm.com Holdings, Inc. (Nasdaq: ALRM) announced that CFO Steve Valenzuela will host one-on-one investor meetings at the Roth Technology Virtual Event on November 11, 2020. The company's platform enables users to manage properties through various Internet of Things (IoT) devices, offering solutions in security, video, access control, automation, energy management, and wellness. Alarm.com serves millions of customers via a network of professional service providers globally. For more information, visit www.alarm.com.

Alarm.com Holdings, Inc. (Nasdaq: ALRM) will release its third quarter financial results for 2020 on November 5, 2020, after market close. Management will discuss these results in a conference call at 4:30 p.m. ET on the same day. The call will feature insights into the company's performance in security, video, access control, and other IoT solutions. Investors can join the call via a toll-free number or replay it after the event. For more details, visit www.alarm.com.

The Alarm.com Smart Water Valve+Meter is now available for service providers, helping to prevent water emergencies and reduce bills. Unveiled at CES, this innovative Z-Wave valve detects leaks and monitors water usage, providing data to aid conservation efforts. The device received awards for its design and functionality, including automatic shut-off and remote monitoring capabilities. Alarm.com's technology integrates with various IoT devices, offering a comprehensive water management solution for consumers and businesses. More information is available at www.alarm.com.