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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.
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.
Building36, an Alarm.com company, has launched the Smart Thermostat HQ, a next-generation thermostat designed for easy installation and reliable connectivity. Key features include:
- Integrated cellular hub for instant connection
- Automatic wire detection for easy setup
- Built-in smart home hub for system expansion
The Smart Thermostat HQ aims to streamline installations, reduce service calls, and create upsell opportunities for HVAC contractors. When purchased as part of the Connected+Protected Air Essentials Kit, pre-linked devices automatically connect upon powering on the thermostat. This innovative design allows contractors to service more homes efficiently while providing exceptional customer service.
Alarm.com (Nasdaq: ALRM) has won a 2024 Security Sales & Integration Most Valuable Product (MVP) Award for its Shooter Detection Systems™ (SDS) solution in the Fire/Life Safety category. The indoor gunshot detection solution uses dual-authentication sensors combining infrared and acoustic sensing elements to detect gunshots with 99.99% accuracy. Upon detection, signals are sent to Alarm.com's cloud-based platform, alerting a central station within seconds.
The SDS sensor is SAFETY Act Certified by the Department of Homeland Security and includes built-in privacy measures. It's part of the Alarm.com for Business suite, which also includes intrusion security, video surveillance, and access control. Alarm.com also received a second 2024 MVP Award for its Remote Video Monitoring (RVM) Console.
Shooter Detection Systems (SDS), an Alarm.com (NASDAQ: ALRM) company, is set to introduce its new outdoor gunshot detection solution, SDS Perimeter, at the Global Security Exchange (GSX) in Orlando, FL, from September 23-25, 2024. This beta launch expands SDS's technology to cover both indoor and outdoor environments. SDS Perimeter uses acoustic and infrared technology to detect gunshots in parking lots and outside buildings, requiring no human intervention to alert authorities.
The company will also participate in educational sessions at GSX, with advisory board members speaking on active shooter topics. SDS's indoor gunshot detection technology boasts 99.9% accuracy and integrates with various security systems. The company now offers both on-premises and cloud solutions to meet diverse security needs.
OpenEye has launched a new line of cloud cameras offering an all-in-one video solution with onboard recording and advanced analytics processing. These cameras integrate with OpenEye Web Services (OWS), providing a serverless architecture with infinite scalability. Key features include:
- Flexible deployment options
- Automatic software updates
- Health monitoring and real-time alerting
- AI Analytics capabilities
- Multiple form factors for various installation needs
OpenEye has also introduced cloud event recording, automatically saving important video clips to the cloud. This release reinforces OpenEye's position as a leader in intelligent cloud video security solutions for businesses.
Lessen, a tech-enabled real estate property services company, has appointed Sean Miller as its new Chief Revenue Officer. Miller, with extensive experience in property management technology, will lead Lessen's marketing and sales organization. His background includes roles as CRO at Sensor Industries, CEO and Co-Founder of Griot, and President of PointCentral, an Alarm.com (NASDAQ: ALRM) subsidiary. Miller's appointment aims to help Lessen scale its revenue-generating operations in the $1.5 trillion market for real estate services. Lessen's CEO, Jay McKee, expressed excitement about Miller's growth-oriented, entrepreneurial leadership style aligning with the company's culture.