ALARM.com, which develops software solutions for monitoring security and automation systems, has reported financial results for Q4 2015, as well as for the 2015 financial year, with both results indicating a revenue spike around 25 per cent.
For Q4 2015, SaaS and license revenue increased 25 per cent to $US38.7 million, while SaaS and license revenue increased 26 per cent to $140.9 million for the full year 2015 compared to $111.5 million for the full year 2014.
Total revenue increased 25 per cent to $208.9 million for the full year 2015 compared to $167.3 million for the full year 2014. Net income was $11.8 million for the full year 2015 compared to $13.5 million for the full year 2014.
“Our 2015 fourth quarter and full year results demonstrated nice momentum which positions us well for 2016,” said Steve Trundle, president and CEO of Alarm.com. “We led with innovation, and our service provider partners continued to see strong demand for the interactive services we enable in North America and increasingly abroad.”
Alarm.com’s services are available locally in partnership with Hills and QSS.♦
