In this Research Note, we examine Alarm.com, a US provider of physical security, intelligent automation, and energy management solutions for smart homes and commercial real estate. This analysis highlights their 2023 financial results announced on 22nd February 2024, business model, strategy and M&A, based on their 2023 10K Report, investor presentations, and news throughout the year. Alarm.com, a Tysons, VA-based firm founded in 2000, became a Nasdaq public company in June 2015. Alarm.com’s cloud-based platform offers a suite of IoT solutions addressing opportunities in the residential, multi-family, small business, and enterprise commercial markets. Their solutions include security, video and video analytics, energy management, access control, electric utility grid management, indoor gunshot detection, water management, health and wellness, and emergency response. During 2023, their platforms processed more than 325 billion data points generated by over 150 million connected devices. Alarm.com 2023 Financials Alarm.com Investor Presentation, 22nd February 2024 Highlights of their financial performance for 2023 include: […]