Federal Trade Commission says Ring illegally surveilled customers and did not do enough to prevent hacking. Proposes $5.8 in consumer refunds.
Jason Knott
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Alarm.com Acquires Smart Communicator Maker EBS
Alarm.com looks to enhance its ability to service international clients with acquisition of Poland-based EBS, makers of smart communicators.
Latch Acquires HDW; Jamie Siminoff to Become CEO
Latch acquires Ring founder Jamie Siminoff’s latest venture Honest Days Work in mostly stock deal. Siminoff to become new CEO of Latch.
Brinks Home Security Parent Files for Bankruptcy… Again
Monitronics files Chapter 11 to restructure $500 million in debt. The company aims to emerge from restructuring within 46 days.
LogicMark Reports 31% Revenue Growth in Q1
PERS maker LogicMark emerges from reverse stock split in April with solid revenue growth in first quarter.
Vicon Drives Cemtrex Q2 Revenues Up 37%
Multiple large orders boost Vicon Industries sales by 47% and overall Cemtrex sales up by 37%. Reverse stock split announced.
Alarm.com Q1 Revenues Rise Slight 2.1%
Alarm.com total revenues for Q1 2023 hit $209.7 million. Saas and license revenues rise 9.9% to $135.4 million.
NAPCO Stock Surges After Record Sales Report
NAPCO’s stock surged over 16% in early trading following the announcement of record $43.5 million in revenues for its fiscal year Q3.
Johnson Controls Reports 10% Q2 Growth
Johnson Controls ups its full-year revenue guidance to approximately 10% growth compared to previous prediction of high single-digit growth.
Vicon Gets $1.1M Surveillance Camera Order for Border Security
Additional $1.1 million in Vicon Roughneck cameras and servers will be deployed at the border on top of previous $1.5 million order.
DIY Provider Abode Adds Google Nest Integration
DIY security system Abode now integrates natively with Google Next video doorbells, thermostats and security cameras.
Swedish Ambassador Tours Axis Communications Experience Center
Sweden-based Axis Communications hosts Swedish Ambassador to the U.S. Karin Olofsdotter at its Greater Minneapolis Axis Experience Center.