UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37461 adclogohorizontala05.jpg ALARM.COM HOLDINGS, INC. (Exact name of registrant as specified in its charter) | --- | --- ...

Exhibit 99.1 Alarm.com Reports Third Quarter 2024 Results -- Third quarter SaaS and license revenue increased 9.8% to $159.3 million, compared to $145.0 million for the third quarter of 2023 -- -- Third quarter GAAP net income attributable to common stockholders increased 87.9% to $36.7 million, compared to $19.5 million for the third quarter of 2023 -- -- Third quarter non-GAAP adjusted EBITDA increased 20.6% to $50.0 million, compared to $41.4 million for the third quarter of 2023 -- TYSONS, VA., November ...

Release Date: August 08, 2024For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Alarm.com Holdings Inc (ALRM, Financial) reported financial results for the second quarter that exceeded expectations, with SaaS and license revenue growing to $155.9 million and adjusted EBITDA reaching $42.8 million.The company successfully increased its balance sheet flexibility with a $500 million convertible notes offering, which included a $75 million stock ...

Alarm.com Holdings, Inc.’s (ALRM) business unit, Building36, recently unveiled the next-gen Smart Thermostat HQ. Built for contractors, the Thermostat HQ is the simplest and most reliable way to connect with homeowners.Based in Massachusetts, Building36 provides smart thermostats, sensors and connected home solutions. These solutions improve comfort for homeowners and strengthen Heating, Ventilation and Air Conditioning (HVAC) dealer partnerships.The Smart Thermostat HQ is designed for easy installation, fe ...

Financial Data and Key Metrics - SaaS and license revenue in Q2 2024 grew to $155.9 million, up 11% YoY [6] - Adjusted EBITDA for Q2 2024 was $42.8 million, up 17.8% YoY [6][17] - Total revenue for Q2 2024 was $233.8 million, up 4.4% YoY [15] - SaaS and license gross margin was 85.8%, up 120 basis points YoY [15] - Hardware gross margin was 24%, up from 22.4% YoY [16] - Total gross margin was 65.2%, up from 61.4% YoY [16] - GAAP net income was $33.5 million, up from $15.8 million YoY [17] - Non-GAAP adjusted net income was $32 million or $0.58 per diluted share [17] - Cash and cash equivalents at the end of Q2 2024 were $1.1 billion, up from $697 million at the end of 2023 [17] Business Line Data and Key Metrics - Residential churn remained below historical averages due to elevated mortgage rates and increased system engagement [6][7] - Video attachment rate on new residential accounts increased to 53% in Q2 2024, up from around 50% in previous quarters [8] - Commercial business saw progress in Access Control, with over 100,000 doors and 2 million active user credentials powered by the platform [12] - Commercial hardware product contribution improved hardware gross margins [16] - Generative AI capability introduced to the service provider support platform, with nearly 2,000 partners adopting it [9][10] Market Data and Key Metrics - Residential market benefited from lower churn due to fewer moves and increased investment in existing homes [6][7] - Commercial market is transitioning to cloud-based solutions, with Alarm.com leveraging its SaaS software and partner business model to capture share [10] - Access Control solution expanded to include elevator control and mobile credentials, enhancing its appeal in the commercial market [11][12] Company Strategy and Industry Competition - Alarm.com is focusing on expanding its commercial offerings, including Access Control and video analytics, to capture a larger share of the fragmented commercial market [10][12] - The company is leveraging generative AI to enhance its service provider support platform, improving efficiency for technicians in the field [9][10] - Alarm.com is pursuing a deliberate corporate development strategy, including potential acquisitions in the IoT space to support its mission of safety and convenience [26][27] Management Commentary on Operating Environment and Future Outlook - Management noted that the residential market is stable, with fewer moves and increased investment in existing homes [6][7] - The commercial market is in the early stages of transitioning to cloud-based solutions, presenting growth opportunities [10] - Alarm.com is optimistic about the potential for generative AI to improve operational efficiency and customer support [9][23] - The company is focused on executing its business plan and investing in long-term growth while delivering profitable results [20] Other Important Information - Alarm.com issued $500 million in convertible notes with a 2.25% interest rate, using $75 million for a stock buyback and $63 million for cap calls to reduce future dilution [13][17] - The company raised its full-year 2024 guidance for SaaS and license revenue to $626.8 million to $627.2 million, up from prior guidance of $624.5 million to $625 million [18] - Adjusted EBITDA for 2024 is projected to be between $165 million to $167 million, up from prior guidance of $164 million to $166 million [19] Q&A Session Summary Question: Generative AI Monetization and Future Applications [22] - Generative AI is currently bundled into the mobile tech app to support technicians with routine questions, with potential future applications in remote video monitoring [23][24] Question: Acquisition Strategy and Priorities [25] - Alarm.com is open to both larger acquisitions and tuck-in deals, focusing on IoT applications that align with its mission of safety and convenience [26][27] Question: Commercial Market Penetration and Rip-and-Replace Strategy [28] - Alarm.com is minimizing rip-and-replace by supporting a wide range of cameras and leveraging market-standard readers in access control [29][30] - The company estimates a TAM of 4.5 to 5 million sites in North America, with steady progress in penetration [31] Question: Growth Initiatives and Business Mix [32] - Growth initiatives, including commercial, international, and Energy Hub, represent about 25% of total SaaS revenue and are growing at 20-25% YoY [33] Question: Generative AI Cost Savings and International Expansion [34] - Generative AI is expected to reduce routine call volumes over time, but the company will maintain support capacity for complex issues [34] - International expansion is progressing, with new products from the EBS acquisition expected to launch in the second half of 2024 [35] Question: Macro Environment and Hardware Behavior [37] - The macro environment is stable, with improved hardware sales in both residential and commercial markets in Q2 2024 [38] Question: Commercial Capabilities and Growth Opportunities [39] - Video and analytics are the top growth drivers in the commercial segment, followed by access control [40]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37461 ALARM.COM HOLDINGS, INC. (Exact name of registrant as specified in its charter) | --- | --- | |--------------------------- ...

Alarm.com Reports Second Quarter 2024 Results -- Second quarter SaaS and license revenue increased 11.0% to $155.9 million, compared to $140.4 million for the second quarter of 2023 -- -- Second quarter GAAP net income attributable to common stockholders increased 112.1% to $33.5 million, compared to $15.8 million for the second quarter of 2023 -- -- Second quarter non-GAAP adjusted EBITDA increased 17.8% to $42.8 million, compared to $36.4 million for the second quarter of 2023 -- TYSONS, VA., August 8, 20 ...

Alarm.com Holdings, Inc. (NASDAQ:ALRM) Q1 2024 Earnings Conference Call May 9, 2024 4:30 PM ET Company Participants Matthew Zartman - Vice President of Strategic Communications & Investor Relations Stephen Trundle - CEO Steve Valenzuela - CFO Conference Call Participants Darren Aftahi - ROTH MKM Saket Kalia - Barclays Jack Vander Aarde - Maxim Group Operator Thank you for standing by. Welcome to Alarm.com's First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37461 ALARM.COM HOLDINGS, INC. (Exact name of registrant as specified in its charter) | --- | --- | |-------------------------- ...

Exhibit 99.1 1 Alarm.com Reports First Quarter 2024 Results -- First quarter SaaS and license revenue increased 11.0% to $150.3 million, compared to $135.4 million for the first quarter of 2023 -- -- First quarter GAAP net income attributable to common stockholders increased 63.7% to $23.6 million, compared to $14.4 million for the first quarter of 2023 -- -- First quarter non-GAAP adjusted EBITDA increased 21.2% to $37.0 million, compared to $30.6 million for the first quarter of 2023 -- TYSONS, VA., May 9 ...