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Alarm.com Reports First Quarter 2024 Results

Retrieved on: 
Thursday, May 9, 2024

Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today reported financial results for its first quarter ended March 31, 2024.

Key Points: 
  • Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today reported financial results for its first quarter ended March 31, 2024.
  • “We are pleased to report solid results and continued momentum across the business in the first quarter,” said Steve Trundle, CEO of Alarm.com.
  • GAAP and non-GAAP earnings were negatively impacted in the first quarter of 2024 by a $4.0 million credit loss reserve related to a subordinated credit agreement with one of our service provider partners.
  • Alarm.com will host a conference call to discuss its first quarter 2024 financial results and its outlook for the second quarter and full year 2024.

Amprius Technologies Reports First Quarter 2024 Business and Financial Results

Retrieved on: 
Thursday, May 9, 2024

Amprius Technologies, Inc. ("Amprius"), (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced its business and financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Amprius Technologies, Inc. ("Amprius"), (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced its business and financial results for the first quarter ended March 31, 2024.
  • Amprius posted a letter to shareholders on its Investor Relations website, ir.amprius.com , that details the company’s results and provides an update on its business initiatives including product roadmap milestones, manufacturing scale-up progress, and customer acquisition efforts.
  • Management will also hold a live conference call and webcast today at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss its financial results and business updates.

Inseego Reports First Quarter 2024 Financial Results

Retrieved on: 
Thursday, May 9, 2024

Inseego Corp. (Nasdaq: INSG) (the “Company”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, today reported its results for the first quarter ended March 31, 2024.

Key Points: 
  • Inseego Corp. (Nasdaq: INSG) (the “Company”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, today reported its results for the first quarter ended March 31, 2024.
  • “The Company had a solid quarter with good demand across our product lines and I am pleased that we delivered Q1 2024 results that exceeded guidance for both revenue and Adjusted EBITDA.
  • Given these positive developments, our guidance for the second quarter is significantly ahead of Q1 2024 results.”
    GAAP gross margin for Q1 2024 was 38.6%.
  • Cash increased by $4.8 million in Q1 2024 to $12.3 million as of March 31, 2024.

Dropbox Announces Fiscal 2024 First Quarter Results

Retrieved on: 
Thursday, May 9, 2024

Dropbox, Inc. (NASDAQ: DBX), today announced financial results for its first quarter ended March 31, 2024.

Key Points: 
  • Dropbox, Inc. (NASDAQ: DBX), today announced financial results for its first quarter ended March 31, 2024.
  • (2) Utilizing the exchange rates set at the beginning of 2024, total ARR increased $15.6 million quarter-over-quarter.
  • Dropbox plans to host a conference call today to review its first quarter financial results and to discuss its financial outlook.
  • Tim Regan, Chief Financial Officer, will be hosting meetings at the Jefferies Software Conference on Wednesday, May 29th, 2024.

Extreme Networks Announces Investor Conference Schedule for May and June 2024

Retrieved on: 
Thursday, May 9, 2024

9:00 a.m.

Key Points: 
  • 9:00 a.m.
  • ET presentation and conducting meetings throughout the day.
  • A live webcast from each conference presentation will be accessible under Events & Presentations on the Investor Relations section of the Extreme Networks website at http://investor.extremenetworks.com and will be archived for at least 30 days following the live presentation.

Kasada Secures #4 Spot on Australia's Best Workplaces™ in Technology List for 2024

Retrieved on: 
Thursday, May 9, 2024

Kasada , the pioneers transcending bot management by countering the human minds behind automated threats, has today announced its recognition as one of Australia’s Best Workplaces™ in Technology for 2024.

Key Points: 
  • Kasada , the pioneers transcending bot management by countering the human minds behind automated threats, has today announced its recognition as one of Australia’s Best Workplaces™ in Technology for 2024.
  • Notably, 98% of Kasada employees affirmed it as a great place to work, far surpassing the average of 56% for companies based in Australia.
  • The Best Workplaces™ in Technology List uses The Great Place To Work For All™ methodology to evaluate organizations.
  • “What sets these top fifty-five Best Workplaces apart is the integrity of their leaders and their dedication to fulfilling commitments.

SoundHound AI Reports 73% Q1 Revenue Growth to $11.6 Million; First Quarter Closes With $226 Million in Cash

Retrieved on: 
Thursday, May 9, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240509392903/en/
    SoundHound AI Reports 73% Q1 Revenue Growth to $11.6 Million; First Quarter Closes With $226 Million in Cash (Graphic: Business Wire)
    “Our first quarter sets the tone for 2024 as another year of strong growth for SoundHound.
  • Voice AI is fast becoming a must-have tool for customer service, and that’s reflected in the demand we’re seeing for subscriptions,” said Keyvan Mohajer, CEO and Co-Founder of SoundHound AI.
  • "As an AI company, we combine our 20+ years of technology innovation and billions of customer interactions to create the best voice AI technology on the market.
  • Stellantis’s DS Automobiles became the first vehicle on the road in Japan with voice-enabled generative AI, via SoundHound Chat AI.

Reddit to Participate in Upcoming Investor Conferences

Retrieved on: 
Thursday, May 9, 2024

Reddit, Inc. (NYSE: RDDT), announced its planned participation in two upcoming conferences.

Key Points: 
  • Reddit, Inc. (NYSE: RDDT), announced its planned participation in two upcoming conferences.
  • Jen Wong, Reddit’s COO, will participate in Needham’s 19th Annual Needham Technology, Media, and Consumer Conference on Wednesday, May 15, 2024 at 8:45 a.m. Eastern Time
    Steve Huffman, Reddit’s Co-Founder & CEO, will participate in J.P. Morgan’s 52nd Annual Global Technology, Media, and Communications Conference on Monday, May 20, 2024 at 8:40 a.m. Eastern Time

Everbridge Announces First Quarter 2024 Financial Results

Retrieved on: 
Thursday, May 9, 2024

Everbridge , Inc. (Nasdaq: EVBG), the global leader in critical event management (CEM) and national public warning solutions, today announced its financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Everbridge , Inc. (Nasdaq: EVBG), the global leader in critical event management (CEM) and national public warning solutions, today announced its financial results for the first quarter ended March 31, 2024.
  • Revenue for the first quarter was up 3% year-over-year to $111.4 million, and GAAP net loss was $(20.1) million, compared to $(14.6) million for the first quarter of 2023.
  • Total revenue was $111.4 million, an increase of 3% compared to $108.3 million for the first quarter of 2023.
  • Cash flow from operations was an inflow of $2.1 million, compared to $20.6 million for the first quarter of 2023.