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Alarm.com Holdings, Inc. (ALRM) Tops Q2 EPS by 1c

August 6, 2015 4:35 PM

Alarm.com Holdings, Inc. (NASDAQ: ALRM) reported Q2 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $51.9 million versus the consensus estimate of $48.19 million.

Alarm.com Holdings, Inc. sees FY2015 EPS of $0.13-$0.14, versus the consensus of $0.17. Alarm.com Holdings, Inc. sees FY2015 revenue of $193.9-195.3 million, versus the consensus of $193.63 million.

"We maintained solid revenue growth and profitability in our first reporting period as a public company," said Steve Trundle, President and CEO of Alarm.com. "At the same time, we continued to invest in our core technology to enhance our connected home platform and to expand our footprint in international markets, and we anticipate continuing to step up our investments in the coming quarters while also continuing to produce positive cash flow from operations."

Mr. Trundle continued, "The smart home, and the Internet of Things more broadly, has emerged as one of the most promising categories in consumer technology. We believe consumers prefer to acquire smart home technologies through the security channel because of the professional installation, support and home monitoring services they deliver. In partnership with thousands of trusted service providers who offer Alarm.com to their customers, we are at the forefront of empowering consumers with the security, efficiency, awareness and convenience of the connected home."

For earnings history and earnings-related data on Alarm.com Holdings, Inc. (ALRM) click here.

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