Vienna, Va. --Alarm.com, which sells monitored security and home-automation services through security specialists and systems integrators, announced plans to go public but hasn’t yet specified the number of shares to be sold or their price.
The company is a vendor partner of ProSource, the specialty A/V and custom-integration division of the BrandSource buying group,
In an SEC filing, Alarm.com reported revenues of $167.3 million in fiscal 2014 ending December, up 28.5 percent from the previous year, with net income rising 198 percent to $13.5 million from 2013’s $4.5 million and 2012’s $8.93 million.
Operating income rose in 2014 by 183 percent to $21 million. Non-service revenues from hardware and other sources accounted for $55.8 million of the company’s total $167.3 million in revenues.
The company’s year-end subscriber base came to 2.3 million.