Alarm.com Surpasses Revenue Expectations
Alarm.com's results were bolstered by robust revenue growth despite facing increased expenses and macroeconomic challenges.
Alarm.com (NASDAQ:ALRM), an innovator in secure and intelligent property solutions, unveiled fourth-quarter 2024 financial results on Thursday, Feb. 20, that topped analysts' consensus expectations. Adjusted EPS of $0.58 exceeded the $0.53 estimate, while Q4 revenue reached $242.2 million, outperforming expectations and rising 7.1% year over year.
Overall, this quarter highlighted strong growth in SaaS and license revenues despite challenges in expense management.
Source: Alarm.com. Note: Analysts' consensus estimates for the quarter provided by FactSet. YOY = Year over year. SaaS = Software as a Service. EBITDA = Earnings before interest, taxes, depreciation, and amortization.
