Alarm.com Holdings, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024
February 22, 2024 at 04:05 pm EST
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Alarm.com Holdings, Inc. provided earnings guidance for the first quarter and full year of 2024. For the quarter, the company expects SaaS and license revenue is expected to be in the range of $148.6 million to $148.8 million.
For the year, the company expects SaaS and license revenue is expected to be in the range of $622.5 million to $623.5 million. Total revenue is expected to be in the range of $912.5 million to $933.5 million, which includes anticipated hardware and other revenue in the range of $290.0 million to $310.0 million.
Alarm.com Holdings, Inc. is focused on providing a platform for the intelligently connected property. The Companyâs 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 Companyâs 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.
ALARM.COM HOLDINGS, INC. 
