Reported 2 days ago
Alarm.com Holdings reported a strong first-quarter performance, with revenue increasing by 7% year-over-year to nearly $239 million, surpassing analyst expectations. The company's adjusted net income also rose to $38.5 million, exceeding predictions. In response to the positive earnings report and new product launches, including an AI security camera, Alarm.com's stock saw a modest increase of over 1%, outperforming the S&P 500's slight decline.
Source: YAHOO