Smart home technology company Alarm.com reported their highly anticipated financial results for the second quarter ended June 30, 2015. Above most analyst estimates, total revenue increased by 23% to $51.9 million for the second quarter of 2015 compared to $42.1 million for the second quarter of 2014. “We maintained solid revenue growth and profitability in our first reporting period as a public company”, said Steve Trundle, Alarm.com’s president and CEO. “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”. Alarm.com’s services are built around home security and also include home automation devices like lights, locks, and smart thermostats. With no shortage of smart thermostats on the market today, it was expected that the software focused […]
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