Alarm.com appoints new CFO Kevin Bradley

TYSONS, Va. - Alarm.com (NASDAQ:ALRM), a leader in intelligent property connectivity with a market capitalization of $2.94 billion, announced the promotion of Kevin Bradley to Chief Financial Officer. In his new role, Bradley will oversee the company’s financial operations, including planning, analysis, accounting, tax, treasury, and investor relations. He will directly report to CEO Steve Trundle.

Bradley’s history with Alarm.com extends back to May 2009, where he has progressively held roles of increasing responsibility. Prior to his appointment, he served as Vice President of Financial Planning and Analysis since May 2017, a role in which he contributed to corporate strategy and operational decisions alongside the outgoing CFO Steve Valenzuela and the senior management team. According to InvestingPro data, the company maintains strong financial health with a current ratio of 7.85 and holds more cash than debt on its balance sheet.

Trundle, who has worked with Bradley for over a decade, praised his financial leadership and deep understanding of the company’s business models. He expressed confidence in Bradley’s abilities and is looking forward to introducing him to investors in the upcoming quarters.

Bradley’s educational background includes a Bachelor of Business Administration from the University of Notre Dame and a Master of Science in Finance from American University. His professional experience before joining Alarm.com includes a stint at Morgan Stanley in New York City from 2007 to 2008.

Alarm.com is renowned for its comprehensive platform that enables millions of users to manage and control their properties remotely. The platform is compatible with a wide array of IoT devices and offers services such as security, video surveillance, access control, intelligent automation, energy management, and wellness solutions through a network of professional service providers. The company has demonstrated solid performance with 6.59% revenue growth in the last twelve months and maintains profitable operations. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with additional insights available in the comprehensive Pro Research Report, part of the extensive coverage of over 1,400 US stocks.

The information for this article is based on a press release statement from Alarm.com.

In other recent news, Alarm.com Holdings Inc. reported its fourth-quarter earnings for 2024, surpassing analysts’ expectations with an earnings per share (EPS) of $0.58, compared to the forecasted $0.53. The company also exceeded revenue projections, reporting $242.2 million against the expected $237.45 million. Despite these positive results, Alarm.com’s stock experienced a slight decline. The company provided optimistic guidance for 2025, projecting continued growth in both SaaS and license revenue. Alarm.com also announced the acquisition of Chekked, which expands its capabilities in remote video monitoring. Additionally, Alarm.com launched new products, including an AI-powered video deterrence system, aiming to enhance its market offerings. The company is also dealing with potential challenges related to the ADT transition and broader market conditions. Analyst firms have not issued new upgrades or downgrades for Alarm.com in the latest reports.

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