Alarm Com Hldgs Inc Stock Price, News & Analysis

Alarm.com (ALRM) has announced a majority-stake acquisition of CHeKT, a leading cloud platform for remote video monitoring (RVM) services. The acquisition strengthens Alarm.com's position in the emerging professional video monitoring space. CHeKT's platform provides subscription-based RVM services enabling central stations and service providers to deliver proactive, crime-stopping solutions to commercial and residential subscribers.

CHeKT's control room operator interface facilitates proactive video verification and response capabilities, with compatibility across various video camera brands and security products. CHeKT will maintain independent operations, while Alarm.com's video solution and OpenEye enterprise video solution will be fully integrated into CHeKT's control room software. The acquisition enhances Alarm.com's ability to offer comprehensive RVM solutions for all property types through their service provider partners. Financial terms of the acquisition were not disclosed.

Alarm.com Holdings (Nasdaq: ALRM), the leading platform for intelligently connected property solutions, has scheduled its 2024 fourth quarter and full year financial results announcement for February 20, 2025, after market close. Management will host a conference call and webcast at 4:30 p.m. ET on the same day to discuss the results.

The company provides security, video, access control, intelligent automation, energy management, and wellness solutions through a network of professional service providers across North America and globally. Their technology enables millions of consumers and businesses to manage and control their properties remotely through IoT device integration.

Alarm.com (ALRM) unveiled its new AI Deterrence (AID) automated audio response service at CES 2025. The system uses AI to deliver customized verbal warnings to potential intruders based on their appearance and location. When individuals are detected by Alarm.com cameras, the system activates audio alerts and flashing lights, followed by specific verbal warnings describing the trespasser and their location.

The solution can be used independently or integrated with Alarm.com's Remote Video Monitoring (RVM) Console. The company also introduced the Outdoor Floodlight Camera (ADC-V729), featuring 4MP video, Two-Way Talkdown, and 3,000 Lumen floodlights with red and blue warning lights and siren capabilities. AID received an Electronic Security Expo Innovation Award in 2024 for its contribution to the security industry.

EnergyHub, North America's largest provider of residential flexibility solutions, has acquired Kapacity.io, a European leader in heat pump optimization and flexibility. EnergyHub's distributed energy resource management system currently manages over 1.5 million distributed energy resources across 100+ utility programs in North America.

Kapacity.io specializes in helping retailers optimize heat pump energy consumption on dynamic tariffs and provides grid balancing services to system operators. The acquisition aims to expand EnergyHub's virtual power plant (VPP) operations beyond North America, combining their experience with Kapacity.io's European market expertise to manage multiple device types including EVs, battery storage, and thermostats.

OpenEye, a cloud video security solutions provider, has appointed Eric Moe as Vice President for North American Sales. Moe, who brings extensive experience from companies like Milestone Systems and Genea Access Control, will manage the OpenEye sales team supporting partners and customers in the US and Canada. The company currently maintains over one million active video subscriptions and nearly two million connected devices, experiencing significant growth both domestically and internationally. Moe's appointment aims to support this expansion while advancing cloud-native technologies and AI-powered analytics in the security industry.

Alarm.com Holdings (Nasdaq: ALRM) announced its Chief Financial Officer, Steve Valenzuela, will participate in two upcoming investor conferences. He will host one-on-one investor meetings at the Raymond James 2024 TMT & Consumer Conference in New York on December 09, 2024, and at the Barclays 22nd Annual Global Technology Conference in San Francisco on December 11, 2024. Alarm.com is positioned as the leading platform for intelligently connected properties.

EnergyHub and FranklinWH have announced a partnership to integrate FranklinWH's whole-home energy management system with EnergyHub's Edge DERMS platform. The collaboration aims to expand virtual power plants (VPPs) across North America. FranklinWH is currently participating in three utility programs through this partnership across Massachusetts, Rhode Island, Connecticut, and North Carolina. The integration enables residential customers to earn rewards by allowing utilities to discharge batteries during peak electricity demand periods, while also providing whole-home backup power during outages.

Alarm.com (ALRM) reported strong Q3 2024 results with significant growth across key metrics. SaaS and license revenue increased 9.8% to $159.3 million, while total revenue grew 8.4% to $240.5 million. GAAP net income surged 87.9% to $36.7 million. The company's cash position strengthened to $1.17 billion, boosted by a $500 million convertible notes offering. Notable business developments include the launch of OpenEye Cloud Cameras, AI-Deterrence capability, and Smart Thermostat HQ. The company increased its full-year 2024 guidance, expecting SaaS and license revenue between $628.7-628.9 million.

Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for intelligently connected properties, has announced it will report its 2024 third quarter financial results after market close on November 7, 2024. The company will host a conference call and webcast at 4:30 p.m. ET on the same day to discuss the results. Interested parties can pre-register for the conference call to obtain dial-in information or listen via webcast on Alarm.com's investor relations website. A recorded version will be available after the call.

Alarm.com is a leading platform for intelligently connected properties, serving millions of consumers and businesses with technology to manage and control their properties remotely. The company's platform integrates with various IoT devices and offers solutions for security, video, access control, automation, energy management, and wellness through a network of professional service providers globally.