Alarm.com Reports Q3 Earnings Beat on Revenue and EPS
Alarm.com (ALRM) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and total revenue. The company posted a GAAP EPS of $0.66, surpassing estimates by $0.05, while total revenue reached $279.4 million, beating consensus by $13.07 million. Growth was driven largely by the company's recurring revenue streams, with SaaS and license revenue increasing 9.0% year-over-year to $191.2 million. This performance reflects steady demand within its core subscription-based business model as it moves toward future fiscal periods.
Tickers: $ALRM