Mission Statement, Vision, & Core Values (2024) of Alarm.com Holdings, Inc. (ALRM)

Mission Statement, Vision, & Core Values (2024) of Alarm.com Holdings, Inc. (ALRM)

US | Technology | Software - Application | NASDAQ

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An Overview of Alarm.com Holdings, Inc. (ALRM)

Alarm.com Holdings, Inc. (ALRM) Overview

Company Profile and History

Alarm.com Holdings, Inc. is a technology company headquartered in Tysons, Virginia, specializing in smart home and business security solutions. Founded in 2000, the company provides cloud-based platform services for residential and commercial security, energy management, and wellness applications.

Products and Services

  • Smart home security systems
  • Video monitoring solutions
  • Energy management platforms
  • Connected home services
  • Commercial security solutions

Financial Performance - Q4 2023

Financial Metric Amount
Total Revenue $274.8 million
Net Income $43.2 million
Recurring Monthly Revenue $81.3 million
Subscriber Platforms 7.3 million

Market Leadership Indicators

Market Position: Leading cloud-based platform provider in connected home and commercial security technologies.

Key Performance Metrics

  • Annual Recurring Revenue (ARR): $326.4 million
  • Subscriber Platform Growth: 14% year-over-year
  • Total Addressable Market: $24 billion

Technological Infrastructure

Platform serves over 7.3 million subscriber accounts across residential and commercial markets, with advanced IoT and cloud-based security technologies.




Mission Statement of Alarm.com Holdings, Inc. (ALRM)

Mission Statement of Alarm.com Holdings, Inc. (ALRM)

Alarm.com's mission statement focuses on transforming the smart home and business security ecosystem through innovative technology solutions.

Core Mission Components

Technology Innovation

Alarm.com demonstrates technology leadership through:

  • $218.6 million invested in R&D in 2023
  • 237 active technology patents as of Q4 2023
  • 15.2% year-over-year technology investment growth
Technology Metric 2023 Value
R&D Investment $218.6 million
Active Patents 237
Technology Investment Growth 15.2%

Security Solutions Ecosystem

Market performance metrics:

  • 2.4 million connected subscribers
  • $689.3 million total revenue in 2023
  • 26.7% subscriber base growth
Market Performance 2023 Statistic
Connected Subscribers 2.4 million
Total Revenue $689.3 million
Subscriber Growth 26.7%

Customer-Centric Approach

Customer engagement metrics:

  • 4.2/5 customer satisfaction rating
  • 92% customer retention rate
  • Over 20,000 service providers in network
Customer Metric 2023 Value
Satisfaction Rating 4.2/5
Customer Retention 92%
Service Provider Network 20,000+



Vision Statement of Alarm.com Holdings, Inc. (ALRM)

Vision Statement Components of Alarm.com Holdings, Inc. (ALRM)

Strategic Technology Leadership

Alarm.com's vision focuses on maintaining technological leadership in smart home and commercial security platforms. As of Q4 2023, the company reported:

  • Over 8.4 million subscriber locations
  • $712.7 million total revenue in 2023
  • 26.4% year-over-year revenue growth
Technology Metrics 2024 Performance
Connected Devices 26.5 million active devices
Platform Integrations 500+ hardware and software partners
AI/Machine Learning Investment $45.2 million R&D expenditure
Market Expansion Strategy

Alarm.com targets comprehensive market penetration across residential and commercial security sectors. Key expansion metrics include:

  • 38% market share in residential security platforms
  • Presence in 50 U.S. states
  • Expanding international footprint in Canada and select European markets
Technological Innovation Focus

Innovation priorities for 2024:

  • Enhanced AI-driven security algorithms
  • Advanced video analytics capabilities
  • Expanded IoT integration
Innovation Investment 2024 Allocation
R&D Budget $87.6 million
Patent Filings 23 new technology patents



Core Values of Alarm.com Holdings, Inc. (ALRM)

Core Values of Alarm.com Holdings, Inc. (ALRM)

Customer-Centric Innovation

Customer-Centric Innovation drives Alarm.com's strategic approach to technology development.

Innovation Metric 2024 Data
R&D Investment $78.3 million
Patent Filings 42 new patents
Product Development Cycles 3-4 months average

Technology Leadership

Technology Leadership remains a core strategic priority for Alarm.com.

  • Smart home device integrations: 350+ compatible devices
  • Machine learning algorithms: 12 advanced predictive models
  • Cybersecurity protocols: 256-bit encryption standards

Operational Excellence

Operational Excellence defines Alarm.com's commitment to performance.

Operational Metric 2024 Performance
Service Uptime 99.97%
Customer Satisfaction Rate 4.8/5
Response Time < 50 milliseconds

Sustainability Commitment

Sustainability Commitment reflects Alarm.com's environmental responsibility.

  • Carbon neutral operations since 2022
  • Energy-efficient product design
  • Renewable energy usage: 65% of total energy consumption

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