TYSONS, Va.--(BUSINESS WIRE)--Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today announced that Steve Valenzuela, Chief Financial Officer, will participate in and host one-on-one investor meetings at the following upcoming investor conferences.Event Details:52nd Annual J.P. Morgan Global Technology, Media and Communications Conference - Boston, MATuesday, May 21, 2024Hosting investor meetingsFireside Chat at 9:30 a.m. ETBank of America Global Techno ...

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TYSONS, Va.--(BUSINESS WIRE)--Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today announced that Steve Valenzuela, Chief Financial Officer, will participate in a fireside chat and host one-on-one investor meetings at the Raymond James 45th Annual Institutional Investors Conference. Matthew Zartman, Vice President of Investor Relations, will host one-on-one investor meetings at the 36th Annual Roth Conference. Event Details: Raymond James 45th Annua ...

Alarm.com Holdings, Inc. (NASDAQ:ALRM) Q4 2023 Earnings Conference Call February 22, 2024 4:30 PM ET Company Participants Matthew Zartman - Vice President of Investor Relations Stephen Trundle - Chief Executive Officer Steve Valenzuela - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Capital Adam Tindle - Raymond James Michael Funk - Bank of America Darren Aftahi - ROTH MKM Cory Carpenter - J.P. Morgan Jack Vander Aarde - Maxim Group Operator Good day and thank you for standing ...

Alarm.com Holdings (ALRM) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 29.17%. A quarter ago, it was expected that this security service company would post earnings of $0.40 per share when it actually produced earnings of $0.56, delivering a surprise of 40%.Over the last four quart ...

Financial Performance - Total revenue for 2023 was $881.7 million, up from $842.6 million in 2022, representing a year-over-year growth of 4.1%[16] - SaaS and license revenue reached $569.2 million in 2023, a 9.4% increase from $520.4 million in 2022, reflecting a compound annual growth rate of 11.2%[16] - Net income attributable to common stockholders was $81.0 million in 2023, compared to $56.3 million in 2022, marking a 43.9% increase[16] - Non-GAAP adjusted EBITDA for 2023 was $154.0 million, up from $146.8 million in 2022, indicating a growth of 4.9%[16] Revenue Generation and Business Model - The company relies on a network of service provider partners for revenue generation, with contracts typically having an initial term of one year and subsequent renewals[15] - The company generated hardware revenue from connected devices, including video cameras and smart thermostats, contributing to overall revenue growth[15] - ADT LLC represented greater than 15% but not more than 20% of the company's revenue in each of 2021, 2022, and 2023[87] Product and Service Offerings - The company’s solutions include interactive security, video monitoring, intelligent automation, and energy management, designed for both residential and commercial properties[17] - Alarm.com offers a comprehensive whole home water safety solution that monitors water usage, detects leaks, and can automatically shut off the water supply when a leak is detected[31] - The EnergyHub subsidiary provides software that enables utilities to manage power consumption during peak demand periods, potentially reducing costs and supporting renewable energy transitions[34] - Alarm.com for Business combines intelligent intrusion detection, video surveillance, access control, and energy management into a single solution for small and medium businesses[35] - The commercial video solution integrates with third-party cameras, allowing businesses to capture important activity and receive real-time alerts[36] - The Smarter Access Control solution allows businesses to manage user permissions and access points from a single web view, enhancing property control and security[37] - The new temperature monitoring solution provides 24/7 monitoring and alerts for out-of-range temperatures, helping businesses prevent spoilage and maintain safety[40] - Shooter Detection Systems (SDS) offers indoor gunshot detection and integrates with Alarm.com's Noonlight subsidiary for enhanced emergency response capabilities[47] - OpenEye's video analytics platform supports enterprise-level customers with advanced forensic video search and point of sale system integration[43] - The Visual Verification solution enhances emergency response by providing monitoring operators with live video feeds and contextual indicators[57] Competition and Market Dynamics - The company faces significant competition in the home and business automation markets, which could impact its growth and market share[12] - The market for connected property solutions is highly fragmented, with the top 5 dealers representing approximately 35% of all industry recurring monthly revenue in 2022[87] Strategic Initiatives and Acquisitions - The company is pursuing potential acquisitions to enhance its technology and service offerings, which may affect financial results if not successfully integrated[12] - The company acquired 100% of EBS, an international producer of smart communicator devices, to enhance its service offerings in over 50 countries[71] - The company intends to pursue selective strategic acquisitions to complement its platforms and accelerate innovation[73] - The company acquired 85% of Noonlight, Inc. on September 23, 2022, to expand its emergency response services and accelerate innovation[115] Research and Development - Alarm.com has made significant investments in research and development, resulting in hundreds of issued patents and numerous pending applications as of December 31, 2023[68] - As of December 31, 2023, the company owned 761 issued United States utility patents and had 210 pending utility patent applications[98] - The company has invested significantly in research and development to enhance technology capabilities and support infrastructure[85] Employee Relations and Corporate Governance - The company launched an employee-led community group called Belonging in 2022 to promote diversity, equity, and inclusion in the workplace[106] - The company provides additional remote healthcare benefits, including mental health services and health coaching, to enhance employee well-being[107] - The company has no employees covered by collective bargaining agreements and maintains good relations with its workforce[109] - The company has a strong focus on employee retention and engagement through competitive compensation packages and wellness initiatives[110] - The company’s governance practices are overseen by the Nominating and Corporate Governance Committee of the Board of Directors[108] Operational Scale and Efficiency - In 2023, the platforms processed over 325 billion data points generated by more than 150 million connected devices, highlighting significant operational scale[67] - The Service Provider Portal provides account management and support tools for service provider partners, enhancing operational efficiency[48] - The Gopher Info feature is an AI-powered chatbot that assists technicians with installation and support, improving service provider efficiency[51] - The Smart Gateway enables service provider partners to create a dedicated Wi-Fi network for Alarm.com video cameras, improving installation efficiency and connectivity[54] - Alarm.com manages over 1.2 million connected devices through demand response programs for more than 60 energy utilities in North America[101] Market Risks - The company’s market risk exposure is primarily due to inflation and foreign exchange rates, with significant volatility noted in financial markets[122] - The subscriber acquisition cost payback period has historically been one year or less[88] Pricing and Cost Management - The company has implemented price increases on certain products in 2022 to offset inflationary pressures on inventory and freight costs[471]

Exhibit 99.1 Alarm.com Reports Fourth Quarter and Full Year 2023 Results -- Fourth quarter SaaS and license revenue increased to $148.3 million, compared to $134.6 million for the fourth quarter of 2022 -- -- Fourth quarter GAAP net income attributable to common stockholders increased to $31.3 million, compared to $18.1 million for the fourth quarter of 2022-- -- Full year 2023 SaaS and license revenue increased to $569.2 million, compared to $520.4 million for 2022 -- -- Full year 2023 GAAP net income attr ...

TYSONS, Va.--(BUSINESS WIRE)--Alarm.com has discovered an unusual safety anomaly that seems to happen every February 14. Homeowners across the U.S. are far more likely to report a fire alarm in the evening hours on Valentine’s Day compared to a typical night. Analysis of aggregated and anonymized data from the millions of properties secured by Alarm.com technology reveals a 64% increase in smoke and carbon monoxide alarms on Valentine’s Day. The engineers at Alarm.com are only able to speculate why this ma ...

NEW YORK--(BUSINESS WIRE)--EnergyHub, a leading grid-edge flexibility provider, in partnership with Ontario’s Independent Electricity System Operator (IESO), has enrolled more than 100,000 homes in the Save on Energy Peak Perks™ program in just six months to create the largest residential virtual power plant (VPP) in Canada. It’s the fastest growing flexibility program in EnergyHub’s decade-plus working with over 60 utility clients on Bring Your Own Thermostat™ programs. With 100,000 homes enrolled, the VP ...