Alarm.com Q1 Revenues Lift 2.1 Per Cent For Q1.
Alarm.com Q1 Revenues Lift 2.1 Per Cent – The company revenues for Q1 2023 hit $US209.7 million, nudging up 2.1 per cent year on year. Meanwhile, Saas and license revenues were up 9.9 per cent to $135.4 million.
“We’re pleased to report solid first quarter results and continued momentum across the business to start the new year,” said Steve Trundle, CEO of our company.
“Many of the markets we serve performed well and aggregate performance was better than expected. As we continue to grow our diversified business, we also executed on a set of cost reduction initiatives to enhance company efficiency.”
The company’s SaaS and license revenue is projected to be in the range of $137.2 million to $137.4 million for Q2, with full year 2023 SaaS and license revenue is expected to peak at $556.5 million, with total revenue peaking at $881.5 million.
Alarm.com has launched of a new software solution from OpenEye that integrates environmental sensors to trigger alerts and video based on events of interest, including new vaping alerts for school settings. OpenEye also launched Sales Connect, which combines point-of-sale (POS) system data with video.
The company has recently acquired Polish manufacturer EBS, which manufactures communicators expected to enable Alarm.com’s services to work with a wide range of legacy security control panels commonly deployed in international markets.
And Shooter Detection Systems has announced integration with the company for business that will allow integrators to offer SDS indoor gunshot detection as a SaaS solution for commercial properties. With SDS integrated with Alarm.com, subscribers can monitor and track the location of gunshots, view videos of the time and place gunshots occurred and more.
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“Alarm.com Q1 Revenues Lift 2.1 Per Cent For Q1.”