Alarm.com Reports First Quarter 2024 Results
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.
- 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.