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Alarm.com Q2 2023 Earnings Report

Alarm.com logo
$62.95 -1.40 (-2.18%)
(As of 12/20/2024 05:15 PM ET)

Alarm.com EPS Results

Actual EPS
$0.33
Consensus EPS
$0.16
Beat/Miss
Beat by +$0.17
One Year Ago EPS
N/A

Alarm.com Revenue Results

Actual Revenue
$223.88 million
Expected Revenue
$214.75 million
Beat/Miss
Beat by +$9.13 million
YoY Revenue Growth
N/A

Alarm.com Announcement Details

Quarter
Q2 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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Alarm.com Earnings Headlines

Alarm.com (NASDAQ:ALRM) Rating Increased to Buy at StockNews.com
Jefferies Sticks to Their Buy Rating for Alarm (ALRM)
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Alarm.com Holdings, Inc. (NASDAQ:ALRM) Short Interest Update
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About Alarm.com

Alarm.com (NASDAQ:ALRM) provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts. The company also provides scenes, video analytics triggers, thermostat schedules, responsive savings, precision comfort, energy usage monitoring, places feature, whole home water safety, and solar monitoring solutions, as well as heating, ventilation, and air conditioning monitoring services. In addition, it offers demand response programs, commercial grade video, commercial video analytics, access control, cell connectors, enterprise dashboard and multi-site management, energy savings, protection for valuables and inventory, temperature monitoring, and daily safeguard solutions. Further, the company provides a permission-based online portal that provides account management, sales, marketing, training, and support tools; a unified interface that displays key operational and customer experience indicators, including technician performance, system reliability and customer engagement metrics; installation and support services; MobileTech Application and Remote Toolkit; video health reports; smart gateway; AI-powered enhancements to professional monitoring and false alarm reduction; Web services and business intelligence; sales, marketing, and training services; and home builder programs. Additionally, it offers electric utility grid and water management, indoor gunshot detection, and health and wellness and data-rich emergency response solutions. The company was founded in 2000 and is based in Tysons, Virginia.

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