Alarm.com Holdings, Inc. (ALRM) Bundle
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 LeadershipAlarm.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 |
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
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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