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ALRM: The Leading Platform for the Intelligently Connected Property

Quarterly Financial Highlights

Second Quarter SaaS and License Revenue Increase

ALRM's second quarter SaaS and license revenue surged 110% year-over-year, reaching $155.9 million compared to $140.4 million in the previous year's corresponding period.

Non-GAAP Adjusted Net Income Growth

The company's non-GAAP adjusted net income also witnessed a positive trend, increasing by 20.3% to $32 million or $0.58 per diluted share. This growth represents a significant improvement compared to the $26.6 million net income or $0.48 per share reported in the second quarter of the previous year.

Conclusion

ALRM's impressive financial performance in the second quarter underscores its position as a leading provider of connected property solutions. The company's continued growth and profitability demonstrate the increasing demand for intelligent property management systems that enhance operational efficiency and occupant satisfaction. ALRM's robust platform and its commitment to innovation position it well for continued success in the rapidly evolving smart property landscape.