Alarm.com Grows SaaS and License Revenue 39 Percent in Q4 2017
Company also adds new smart thermostat with advanced features.
Alarm.com is seeing growth in its SaaS and license revenue as that line of business becomes a larger part of total revenue. In fact, in its fourth quarter and full year 2017 financial report, Alarm.com Holdings, Inc. (NASDAQ: ALRM) reported SaaS and license revenue of $65.2 million, a 39 percent increase compared to Q4 2016 revenue of $46.9 million. Total revenue grew to $88.8 million, a 27 percent increase over $69.8 million for the same period last year.
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