Alarm.com: Q4 Financial Results Overview

Alarm.com Reports Strong Fourth Quarter Results

Alarm.com Holdings Inc., headquartered in Tysons, Virginia, announced a net income of $34.7 million for the fourth quarter.

The company reported earnings of 66 cents per share, and after adjusting for special items, adjusted earnings reached 72 cents per share.

These figures surpassed analysts’ expectations, as the consensus from three Zacks Investment Research analysts had projected earnings of 66 cents per share.

During the quarter, Alarm.com generated $261.7 million in revenue, exceeding the anticipated $250.8 million forecasted by analysts surveyed by Zacks.

Looking ahead, the company anticipates full-year earnings to fall between $2.78 and $2.79 per share, with projected revenue ranging from $1.06 billion to $1.07 billion.

Since the start of the year, Alarm.com’s stock price has declined by 12%. As of the close of trading on Thursday, shares were valued at $45.13, marking a 26% decrease over the past year.