Case 48 Alarm.com

Alarm.com was established in the year 2000. It is a leading platform for intelligently connected property which offers a complete suite of cloud-based solutions for smart residential and commercial properties consisting of interactive security, video monitoring, intelligent automation, access control, energy management, and wellness solutions. In 2021, the Alarm.com platforms processed more than 200 billion data points which were generated by over 100 million connected devices. The solutions offered by Alarm.com are delivered through a well-established network of over 10,900 trusted service providers. The company receives license revenue from service provider partners for its Software-as-a-Service or Saas. These service partners resell these services and pay Alarm.com monthly fees. The company also receives revenues through the sale of its hardware products such as video cameras, video recorders, gunshot detection sensors, gateway modules, and smart thermostats. The interactive security system is used by smart home and business subscribers. Alarm.com provides indoor and outdoor video cameras for residential and commercial properties. The company also offers video management software and cameras for enterprise commercial applications through its OpenEye business. The cloud-based platforms provided by Alarm.com provide subscribers with a single point of integrated control across a diverse ecosystem of IoT devices. The total cumulative monthly returns for Alarm stock were 82%, while for the market index Nasdaq Composite, the cumulative monthly return was 64% during the 5-year period March 2018–February 2023.