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.
EnergyHub, a leader in distributed energy resource management, reports significant achievements in 2021. The company connected nearly 700,000 DERs to its Mercury DERMS platform, delivering over 850 million device-minutes of grid services. Collaborating with over 60 utilities, EnergyHub managed more than 2,900 MW of load flexibility. This year marked advancements in product innovation, supporting decarbonization and enhancing grid reliability. The firm aims to empower a carbon-free energy future by integrating customer devices with the grid.
Alarm.com Holdings, Inc. (Nasdaq: ALRM) announced CFO Steve Valenzuela's participation in upcoming investor conferences. These include the Raymond James Technology Investors Conference on December 7, 2021, the Barclays Global Technology, Media, and Telecommunications Conference on December 8, 2021, and the Imperial Capital Security Investors’ Conference in New York, NY, on December 15, 2021. The company is a leader in connected property solutions, serving millions through its advanced IoT platform, providing security, intelligent automation, and energy management solutions.
Alarm.com Holdings reported a 21.1% year-over-year increase in total revenue for Q3 2021, reaching $192.3 million. SaaS and license revenue also rose 17.9% to $118.1 million. However, GAAP net income dropped to $13.5 million from $36.1 million in Q3 2020, primarily due to a prior year investment gain. Non-GAAP adjusted EBITDA increased by 8.9% to $37.6 million. The company’s cash and equivalents surged to $700.3 million. Looking ahead, SaaS revenue is projected between $456.7 million and $456.9 million for the full year.
Alarm.com Holdings (Nasdaq: ALRM) announces Steve Valenzuela, CFO, will conduct one-on-one investor meetings at two key conferences:
- Roth Technology Conference (Virtual) on November 17, 2021
- Credit Suisse Technology Conference in Scottsdale, AZ on December 1, 2021
Alarm.com is a leader in the connected property sector, offering a platform that integrates IoT devices for security, automation, energy management, and more. The company's services benefit millions globally through professional service providers.
Alarm.com Holdings, Inc. (Nasdaq: ALRM) is set to release its Q3 2021 financial results after the market closes on November 4, 2021. A conference call will follow at 4:30 p.m. ET to discuss the results. Alarm.com is recognized as a leader in the intelligently connected property sector, providing platforms for managing IoT devices globally. Investors can access the live call at specific toll-free numbers or via webcast. The conference ID for the call is 4968939.
Alarm.com Holdings (Nasdaq: ALRM) announced robust financial results for Q2 2021, with SaaS and license revenue rising 18.3% to $113.2 million, while total revenue surged 33.3% to $188.9 million. However, GAAP net income dropped to $14.7 million, or $0.28 per diluted share. Cash and equivalents increased significantly to $662.7 million, largely due to a $500 million convertible note issuance. The company raised its SaaS and license revenue guidance for Q3 2021 to $114.9-$115.1 million and full-year estimates to $452.3-$452.8 million, projecting substantial growth moving forward.
Alarm.com (Nasdaq: ALRM) has launched Ambient Insights for alarm response, a solution that enhances alarm monitoring by recognizing property activity and providing real-time data to monitoring stations. This innovation allows for faster emergency service dispatch and helps reduce false alarms. By assessing alarm signals and unusual activity, it empowers monitoring stations to prioritize responses effectively. The technology builds on Alarm.com’s existing machine learning capabilities and aims to improve public safety and customer experience.
Alarm.com Holdings, Inc. (Nasdaq: ALRM) is set to release its 2021 second quarter financial results on August 5, 2021, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results. Alarm.com specializes in connected property technology, supporting millions of consumers and businesses with security, video, and automation solutions via a network of professional service providers. The live call can be accessed through toll-free numbers and will have a subsequent replay available.
Alarm.com Holdings, Nasdaq: ALRM, announced that CFO Steve Valenzuela will host one-on-one investor meetings at two upcoming virtual conferences. The William Blair Growth Stock Conference is scheduled for June 2, 2021, while the Bank of America Merrill Lynch Global Technology Conference will take place on June 10, 2021. Alarm.com is recognized as the leading platform for intelligently connected properties, offering various IoT solutions for security, automation, and energy management through a network of professional service providers worldwide.
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.