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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.
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.
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