Alarm.com Holdings, Inc. reported its financial results for the third quarter ended September 30, 2024, on November 7, 2024. The company announced a GAAP profit of $36.7 million, translating to $0.67 per share, with adjusted earnings reaching $0.62 per share.
Total revenue for the quarter was $240.5 million, marking an 8.4% increase year-over-year and surpassing market expectations. This performance was driven by continued strength in the company's core business segments.
Looking ahead, Alarm.com provided full-year revenue guidance of $934.8 million at the midpoint. The company's consistent growth in SaaS and license revenues, alongside strategic advancements, contributed to these positive financial outcomes.
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