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 ...

TYSONS, Va.--(BUSINESS WIRE)--Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today announced that Steve Valenzuela, Chief Financial Officer, will participate in and host one-on-one investor meetings at the following upcoming investor conferences.Event Details:52nd Annual J.P. Morgan Global Technology, Media and Communications Conference - Boston, MATuesday, May 21, 2024Hosting investor meetingsFireside Chat at 9:30 a.m. ETBank of America Global Techno ...

One stock that might be an intriguing choice for investors right now is Alarm.com Holdings, Inc. (ALRM) . This is because this security in the Security and Safety Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking pl ...

Investors looking for stocks in the Security and Safety Services sector might want to consider either Assa Abloy AB (ASAZY) or Alarm.com Holdings (ALRM) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an empha ...

TYSONS, Va.--(BUSINESS WIRE)--Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today announced that Steve Valenzuela, Chief Financial Officer, will participate in a fireside chat and host one-on-one investor meetings at the Raymond James 45th Annual Institutional Investors Conference. Matthew Zartman, Vice President of Investor Relations, will host one-on-one investor meetings at the 36th Annual Roth Conference. Event Details: Raymond James 45th Annua ...

Alarm.com Holdings, Inc. (NASDAQ:ALRM) Q4 2023 Earnings Conference Call February 22, 2024 4:30 PM ET Company Participants Matthew Zartman - Vice President of Investor Relations Stephen Trundle - Chief Executive Officer Steve Valenzuela - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Capital Adam Tindle - Raymond James Michael Funk - Bank of America Darren Aftahi - ROTH MKM Cory Carpenter - J.P. Morgan Jack Vander Aarde - Maxim Group Operator Good day and thank you for standing ...

Alarm.com Holdings (ALRM) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 29.17%. A quarter ago, it was expected that this security service company would post earnings of $0.40 per share when it actually produced earnings of $0.56, delivering a surprise of 40%.Over the last four quart ...

[Fourth Quarter 2023 Financial Results](index=1&type=section&id=Fourth%20Quarter%202023%20Financial%20Results) Alarm.com reported strong growth in the fourth quarter of 2023, with SaaS and license revenue increasing by 10.3% year-over-year to $148.3 million, total revenue growing by 8.7% to $226.2 million, and GAAP net income attributable to common stockholders seeing a significant increase to $31.3 million, or $0.58 per diluted share Q4 2023 vs Q4 2022 Financial Highlights | Metric | Q4 2023 | Q4 2022 | % Change | | :--- | :--- | :--- | :--- | | SaaS and license revenue | $148.3M | $134.6M | +10.3% | | Total revenue | $226.2M | $208.1M | +8.7% | | GAAP net income | $31.3M | $18.1M | +72.9% | | GAAP diluted EPS | $0.58 | $0.34 | +70.6% | | Non-GAAP adjusted EBITDA | $45.6M | $39.0M | +16.9% | | Non-GAAP adjusted net income | $33.9M | $28.7M | +18.1% | [Full Year 2023 Financial Results](index=1&type=section&id=Full%20Year%202023%20Financial%20Results) For the full year 2023, Alarm.com achieved a 9.4% increase in SaaS and license revenue, reaching $569.2 million, total revenue grew 4.6% to $881.7 million, and GAAP net income attributable to common stockholders rose substantially to $81.0 million, or $1.53 per diluted share, compared to $56.3 million in 2022 Full Year 2023 vs Full Year 2022 Financial Highlights | Metric | Full Year 2023 | Full Year 2022 | % Change | | :--- | :--- | :--- | :--- | | SaaS and license revenue | $569.2M | $520.4M | +9.4% | | Total revenue | $881.7M | $842.6M | +4.6% | | GAAP net income | $81.0M | $56.3M | +43.9% | | GAAP diluted EPS | $1.53 | $1.07 | +43.0% | | Non-GAAP adjusted EBITDA | $154.0M | $146.8M | +4.9% | | Non-GAAP adjusted net income | $113.2M | $106.9M | +5.9% | [Balance Sheet and Cash Flow](index=1&type=section&id=Balance%20Sheet%20and%20Cash%20Flow) The company strengthened its financial position in 2023, with total cash and cash equivalents increasing to $697.0 million, cash flow from operations for the full year surged to $136.0 million, a significant improvement from $56.9 million in 2022, and the company also repurchased $27.3 million of its common stock during the year - Total cash and cash equivalents increased to **$697.0 million** as of December 31, 2023, up from **$622.2 million** at the end of 2022[5](index=5&type=chunk) - During 2023, the company repurchased **487,918 shares** of its common stock for **$27.3 million**[5](index=5&type=chunk) Cash Flow Comparison (in millions) | Metric | Full Year 2023 | Full Year 2022 | | :--- | :--- | :--- | | Cash flows from operations | $136.0 | $56.9 | | Non-GAAP free cash flow | $128.4 | $28.3 | [Recent Business Highlights](index=1&type=section&id=Recent%20Business%20Highlights) Alarm.com enhanced its product offerings with new features like 'Property Actions' and 'Vacation Watch', while its subsidiary EnergyHub launched Canada's largest residential virtual power plant and the company resolved litigation with Vivint [Product and Service Enhancements](index=1&type=section&id=Product%20and%20Service%20Enhancements) Alarm.com introduced several key service enhancements, including 'Property Actions' for monitoring station partners to remotely control doors and lights during an alarm, and 'Vacation Watch' for subscribers to schedule video monitoring for enhanced privacy and security, augmenting the company's AI-powered alarm verification capabilities - Introduced 'Property Actions to Alarm Response Software', allowing monitoring station partners to unlock doors and turn on lights at a property during an alarm event to assist first responders[6](index=6&type=chunk) - Launched 'Vacation Watch', a new video analytics rule that lets subscribers schedule video monitoring start and end times, automatically disabling recording upon their return to enhance privacy[8](index=8&type=chunk) [Strategic Developments](index=3&type=section&id=Strategic%20Developments) The company's subsidiary, EnergyHub, launched a record-setting demand side management program in Ontario, creating Canada's largest residential virtual power plant, and Alarm.com resolved all outstanding litigation with Vivint, entering into a new long-term intellectual property license agreement - EnergyHub partnered with Ontario's IESO to launch the Save on Energy Peak Perks™ program, which enrolled over **100,000 homes** in its first six months, becoming Canada's largest residential virtual power plant[8](index=8&type=chunk) - Alarm.com settled all outstanding litigation with Vivint and entered into a long-term intellectual property license agreement, licensing its IP portfolio to Vivint[9](index=9&type=chunk) [Financial Outlook for 2024](index=3&type=section&id=Financial%20Outlook) Alarm.com provided a positive outlook for 2024, expecting full-year SaaS and license revenue between $622.5 million and $623.5 million, total revenue in the range of $912.5 million to $933.5 million, and Non-GAAP adjusted net income projected to be between $2.10 and $2.14 per diluted share [First Quarter and Full Year 2024 Guidance](index=3&type=section&id=First%20Quarter%20and%20Full%20Year%202024%20Guidance) Alarm.com provided a positive outlook for 2024, expecting full-year SaaS and license revenue between $622.5 million and $623.5 million, total revenue in the range of $912.5 million to $933.5 million, and Non-GAAP adjusted net income projected to be between $2.10 and $2.14 per diluted share Q1 2024 Outlook | Metric | Outlook Range | | :--- | :--- | | SaaS and license revenue | $148.6M - $148.8M | Full Year 2024 Guidance | Metric | Guidance Range | | :--- | :--- | | SaaS and license revenue | $622.5M - $623.5M | | Total revenue | $912.5M - $933.5M | | Non-GAAP adjusted EBITDA | $160.0M - $164.0M | | Non-GAAP adjusted net income per diluted share | $2.10 - $2.14 | [Consolidated Financial Statements](index=7&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements for 2023 reflect increased total revenue, operating income, and net income, alongside a stronger balance sheet with higher cash and total assets, and significantly improved cash flow from operations [Consolidated Statements of Operations](index=7&type=section&id=Consolidated%20Statements%20of%20Operations) For the year ended December 31, 2023, total revenue increased to $881.7 million from $842.6 million in 2022, operating income grew to $66.8 million, up from $51.0 million in the prior year, while net income attributable to common stockholders increased to $81.0 million from $56.3 million Annual Income Statement Highlights (in thousands) | Line Item | 2023 | 2022 | | :--- | :--- | :--- | | Total revenue | $881,682 | $842,559 | | Total cost of revenue | $325,159 | $342,581 | | Operating income | $66,829 | $51,037 | | Net income attributable to common stockholders | $81,043 | $56,338 | [Consolidated Balance Sheets](index=8&type=section&id=Consolidated%20Balance%20Sheets) As of December 31, 2023, Alarm.com's balance sheet showed total assets of $1.44 billion, an increase from $1.33 billion at the end of 2022, primarily driven by an increase in cash and cash equivalents, with total stockholders' equity rising to $688.5 million from $598.9 million Balance Sheet Summary (in thousands) | Line Item | Dec 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Cash and cash equivalents | $696,983 | $622,165 | | Total current assets | $956,780 | $891,088 | | Total assets | $1,439,563 | $1,329,375 | | Total liabilities | $714,709 | $706,528 | | Total stockholders' equity | $688,546 | $598,859 | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the full year 2023, the company generated $136.0 million in cash from operating activities, a significant increase from $56.9 million in 2022, with cash used in investing activities at $26.0 million and cash used in financing activities at $31.9 million, resulting in a net increase in cash of $78.2 million for the year Annual Cash Flow Summary (in thousands) | Line Item | 2023 | 2022 | | :--- | :--- | :--- | | Cash flows from operating activities | $135,965 | $56,901 | | Cash flows used in investing activities | ($25,966) | ($68,319) | | Cash flows (used in) / from financing activities | ($31,865) | ($76,324) | | Net increase / (decrease) in cash | $78,200 | ($87,742) | [Reconciliation of Non-GAAP Measures](index=10&type=section&id=Reconciliation%20of%20Non-GAAP%20Measures) The company provides reconciliations for several non-GAAP measures to their most comparable GAAP counterparts, with Non-GAAP adjusted EBITDA at $154.0 million, Non-GAAP adjusted net income at $113.2 million, and Non-GAAP free cash flow at $128.4 million for the full year 2023, primarily excluding items like stock-based compensation, amortization, and litigation expenses to provide a clearer view of core operating performance [Non-GAAP Reconciliations](index=10&type=section&id=Non-GAAP%20Reconciliations) The company provides reconciliations for several non-GAAP measures to their most comparable GAAP counterparts, with Non-GAAP adjusted EBITDA at $154.0 million, Non-GAAP adjusted net income at $113.2 million, and Non-GAAP free cash flow at $128.4 million for the full year 2023, primarily excluding items like stock-based compensation, amortization, and litigation expenses to provide a clearer view of core operating performance Full Year 2023 vs 2022 Non-GAAP Reconciliation Summary (in thousands) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | GAAP Net income | $80,340 | $55,631 | | Non-GAAP adjusted EBITDA | $153,967 | $146,848 | | GAAP Net income attributable to common stockholders | $81,043 | $56,338 | | Non-GAAP adjusted net income attributable to common stockholders | $113,154 | $106,945 | | Cash flows from operating activities | $135,965 | $56,901 | | Non-GAAP free cash flow | $128,448 | $28,261 | - The Non-GAAP adjusted SaaS and license revenue growth rate for the full year 2023 was **13.0%**, after adjusting for the impact of Vivint license revenue from the prior year[46](index=46&type=chunk)

Financial Performance - Total revenue for 2023 was $881.7 million, up from $842.6 million in 2022, representing a year-over-year growth of 4.1%[16] - SaaS and license revenue reached $569.2 million in 2023, a 9.4% increase from $520.4 million in 2022, reflecting a compound annual growth rate of 11.2%[16] - Net income attributable to common stockholders was $81.0 million in 2023, compared to $56.3 million in 2022, marking a 43.9% increase[16] - Non-GAAP adjusted EBITDA for 2023 was $154.0 million, up from $146.8 million in 2022, indicating a growth of 4.9%[16] Revenue Generation and Business Model - The company relies on a network of service provider partners for revenue generation, with contracts typically having an initial term of one year and subsequent renewals[15] - The company generated hardware revenue from connected devices, including video cameras and smart thermostats, contributing to overall revenue growth[15] - ADT LLC represented greater than 15% but not more than 20% of the company's revenue in each of 2021, 2022, and 2023[87] Product and Service Offerings - The company’s solutions include interactive security, video monitoring, intelligent automation, and energy management, designed for both residential and commercial properties[17] - Alarm.com offers a comprehensive whole home water safety solution that monitors water usage, detects leaks, and can automatically shut off the water supply when a leak is detected[31] - The EnergyHub subsidiary provides software that enables utilities to manage power consumption during peak demand periods, potentially reducing costs and supporting renewable energy transitions[34] - Alarm.com for Business combines intelligent intrusion detection, video surveillance, access control, and energy management into a single solution for small and medium businesses[35] - The commercial video solution integrates with third-party cameras, allowing businesses to capture important activity and receive real-time alerts[36] - The Smarter Access Control solution allows businesses to manage user permissions and access points from a single web view, enhancing property control and security[37] - The new temperature monitoring solution provides 24/7 monitoring and alerts for out-of-range temperatures, helping businesses prevent spoilage and maintain safety[40] - Shooter Detection Systems (SDS) offers indoor gunshot detection and integrates with Alarm.com's Noonlight subsidiary for enhanced emergency response capabilities[47] - OpenEye's video analytics platform supports enterprise-level customers with advanced forensic video search and point of sale system integration[43] - The Visual Verification solution enhances emergency response by providing monitoring operators with live video feeds and contextual indicators[57] Competition and Market Dynamics - The company faces significant competition in the home and business automation markets, which could impact its growth and market share[12] - The market for connected property solutions is highly fragmented, with the top 5 dealers representing approximately 35% of all industry recurring monthly revenue in 2022[87] Strategic Initiatives and Acquisitions - The company is pursuing potential acquisitions to enhance its technology and service offerings, which may affect financial results if not successfully integrated[12] - The company acquired 100% of EBS, an international producer of smart communicator devices, to enhance its service offerings in over 50 countries[71] - The company intends to pursue selective strategic acquisitions to complement its platforms and accelerate innovation[73] - The company acquired 85% of Noonlight, Inc. on September 23, 2022, to expand its emergency response services and accelerate innovation[115] Research and Development - Alarm.com has made significant investments in research and development, resulting in hundreds of issued patents and numerous pending applications as of December 31, 2023[68] - As of December 31, 2023, the company owned 761 issued United States utility patents and had 210 pending utility patent applications[98] - The company has invested significantly in research and development to enhance technology capabilities and support infrastructure[85] Employee Relations and Corporate Governance - The company launched an employee-led community group called Belonging in 2022 to promote diversity, equity, and inclusion in the workplace[106] - The company provides additional remote healthcare benefits, including mental health services and health coaching, to enhance employee well-being[107] - The company has no employees covered by collective bargaining agreements and maintains good relations with its workforce[109] - The company has a strong focus on employee retention and engagement through competitive compensation packages and wellness initiatives[110] - The company’s governance practices are overseen by the Nominating and Corporate Governance Committee of the Board of Directors[108] Operational Scale and Efficiency - In 2023, the platforms processed over 325 billion data points generated by more than 150 million connected devices, highlighting significant operational scale[67] - The Service Provider Portal provides account management and support tools for service provider partners, enhancing operational efficiency[48] - The Gopher Info feature is an AI-powered chatbot that assists technicians with installation and support, improving service provider efficiency[51] - The Smart Gateway enables service provider partners to create a dedicated Wi-Fi network for Alarm.com video cameras, improving installation efficiency and connectivity[54] - Alarm.com manages over 1.2 million connected devices through demand response programs for more than 60 energy utilities in North America[101] Market Risks - The company’s market risk exposure is primarily due to inflation and foreign exchange rates, with significant volatility noted in financial markets[122] - The subscriber acquisition cost payback period has historically been one year or less[88] Pricing and Cost Management - The company has implemented price increases on certain products in 2022 to offset inflationary pressures on inventory and freight costs[471]

TYSONS, Va.--(BUSINESS WIRE)--Alarm.com has discovered an unusual safety anomaly that seems to happen every February 14. Homeowners across the U.S. are far more likely to report a fire alarm in the evening hours on Valentine’s Day compared to a typical night. Analysis of aggregated and anonymized data from the millions of properties secured by Alarm.com technology reveals a 64% increase in smoke and carbon monoxide alarms on Valentine’s Day. The engineers at Alarm.com are only able to speculate why this ma ...