Alarm.com Holdings Inc (OQ:ALRM)
Business Focus: Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 8281 Greensboro Dr Ste 100, Tysons FAIRFAX VA 22102-5211 |
| Tel: | N/A |
| Website: | https://www.alarm.com |
| IR: | See website |
| Key People | ||
| Stephen S. Trundle Chief Executive Officer, Director | Steve Valenzuela Chief Financial Officer | Jeffrey Allan Bedell President, Ventures Business and Corporate Strategy |
| Daniel Kerzner President, Platforms Business | Daniel Ramos Chief Legal and Compliance Officer, Senior Vice President, Corporate Operations | |
| Business Overview |
| Alarm.com Holdings, Inc. is focused on providing a platform for the intelligently connected property. The Company's cloud-based platform offers Internet of Things (IoT) solutions across residential, multi-family, small business and enterprise commercial markets. The Company operates through two segments Alarm.com and Other. The Alarm.com segment represents its cloud-based and Software platforms for the intelligently connected property and related solutions. The Other segment is focused on researching, developing and offering residential and commercial automation solutions and energy management products and services in adjacent markets. The Company's platform integrates with a range of Internet of things devices through its apps and interfaces. Its solutions include security, video and video analytics, energy management, access control, electric utility grid management, indoor gunshot detection, water management, health and wellness and data-rich emergency response. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Alarm.com Holdings Inc revenues increased 5% to $881.7M. Net income increased 44% to $81M. Revenues reflect Alarm.Com segment increase of 4% to $824.5M, Other segment increase of 19% to $61M. Net income benefited from Alarm.Com segment income increase of 12% to $74.6M, Other segment loss decrease of 25% to $12.2M, Intersegment Alarm.com income increase from $417K to $4M. |
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