fbpx
13.8 C
Sydney
Friday, June 2, 2023

Buy now

HomeNewsAlarm.com Shares Hit $US32.40 After Q1 Sales Beat Estimates

Alarm.com Shares Hit $US32.40 After Q1 Sales Beat Estimates

ALARM.COM shares hit a high of $US32.40 after the company announced revenue of $74.2 million in Q1, beating estimates.

The strong result followed revenue of $69.8 million in Q4, which also beat analyst forecasts. Earlier this year, Alarm.com acquired video analytics specialist ObjectVideo and competitor Icontrol.

The solid showing in sales underlines the veracity of alarm monitoring in the cloud, with management of security and automation by mobile app. ♦

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related Articles

Stay Connected

2,478FansLike
1,200FollowersFollow
1,963FollowersFollow
- Advertisement -

POLL

Latest Articles