Should Follow A PaaS Strategy?

The company recently reported its fourth quarter results that saw revenues grow 25% over the year to $111.4 million. Net income for the period grew to $7.9 million for the quarter compared with a modest $0.3 million recorded a year ago. Adjusted Net Income increased to $14.5 million, or $0.29 per share, compared to $13.0 million, or $0.26 a share, reported a year ago.

By segment, SaaS and license revenue increased 19% to $77.8 million and hardware and other revenues grew 42% to $33.58 million.

It ended the year with revenues of $420.5 million, up 25% and net income of $21.5 million, compared with $29.3 million a year ago.

For the first quarter of this year, the company provided a forecast of SaaS and license revenues of $78.5-$78.8 million. It expects to end the current year with total revenues of $440-$450 million and an EPS of $1.37- $1.41. The market has forecast revenues of $445.88 million with an EPS of $1.39 for the year.’s Expanding Products continues to expand its product and service offerings. Earlier this year, it announced that it had entered into a strategic tie-up with D.R. Horton, America’s largest home builder by volume. As part of the agreement, D.R. Horton will integrate’s services into its new Home is Connected offering to build smart home systems that include smart locks, lights, thermostats, voice control, and doorbell cameras. D.R. Horton will benefit with access to’s nationwide network of service provider partners for hardware installation and long-term support after the sale.

As part of technological advancements, deployed facial recognition technology within the alarm systems. The added capability will analyze pictures taken when the security panel is disarmed to associate a person with a specific user code. It will then be able to offer enhanced security by enabling certain security panels with built-in cameras to proactively monitor for unauthorized sharing or theft of an authorized user’s security system codes.

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