ALRM: The Leading Platform for the Intelligently Connected Property
Second Quarter SaaS and License Revenue Increased 110%
ALRM: The Leading Platform for the Intelligently Connected Property Today
WEB: Good day and thank you for standing by. ALARM.com's second quarter 2023 financial results conference call.
ALRM is the leading platform for the intelligently connected property. Our platform connects more than 15 million connected devices in over 6 million residential and commercial properties. We offer a comprehensive suite of smart home and business security, energy management, and home automation solutions.
In the second quarter of 2023, we reported revenue of $231.7 million, an increase of 25% year-over-year. Our SaaS and license revenue increased 110% to $109.2 million, driven by strong demand for our smart home and business security solutions.
We are excited about the future of the intelligently connected property. We believe that our platform is well-positioned to capitalize on the growing demand for smart home and business security solutions.
Conclusion
ALRM is the leading platform for the intelligently connected property. Our platform is connecting more and more devices and properties, and we are helping to make the world a safer and more convenient place.
Komentar