Alarm.com Noonlight Financials Analyzed

** *******,*****.*** ******** *********, *** ******* **** *** **** challenging ******* ******** **** ********* ******* pricing.

***, **** *** *********** *****, *******, valuation, *** ********* ********** **** ********* available, **** ******** *** ********** ** the **** *** *** ****** ** Noonlight ** **** ** *****.***

Loan **********

***** *** ********* **** *** *** announced ***** ******* **, ****, *** deal *** ****** ** ********* **** plus * ****** *******, *****.*** ****** Noonlight *****:

** *** ****, ** ******* **** an ********* **** *********, ***** ***** we ****** ** **** $*.* *******, collateralized ** *** ****** ** *********.

*****.*** **** *** **** ***** *** they ****** ********* **** ***** *** we ****** **** *****.*** *** **** considering **** **** *** **** **** and **** *** * *** ** provide ********* **** **** ***** * deal ***** ** *********.

~$45 ******* *********

*****.*** ****** ********* ** ~$** *******, based ** *** **** **** *** other **************:

** ************* *** *** ******** ** 85% ** *** ****** *** *********** shares ** ******* ***** ** *********, we **** $**.* ******* ** **** on ********* **,****, ***** ********* $*.* million ******* ** ** *********** **** issued ** ********* ****** *** ** 2022 *** $*.* ******* ******* ** agreed ******** **********.

****** *** $*.* *** $*.* ** the $**.* ******* **** **** ****** $38.3 *******. **% ** $** ** equal ** $**.* *******.

*** **% ******** ** ********* ******** upside *** ******** ********* ************, * similar ********* ** *********.*** *** ** *** **** ******* deal****** $**.* ******* *** ** **% stake ** *******. *****.*** ******** ******* on **** **********, **** *******'* ****** being *********** **** *******:

*** ******* *** ********* *********** ********** contain * *** ****** **** ***** the ******** ************ *** ***** ** sell ***** ****** ** ** ***** on *** **** ***** ** *** shares *** **** ******* * **** option **** ***** ** *** ***** to ******** *** ********* ****** **** the ******** ************ ***** ** *** fair ***** ** *** ******. *** put *** **** ******* ******* ** OpenEye *** **** ** ********* ********* in *** ***** ******* ** ****. The *** *** **** ******* ******* to ********* *** **** ** ********* beginning ** *** ***** ******* ** 2026.

$5 ******* *******

*****.*** ** ********** $* ******* ** annual ******* **** ************* ****, ******:

[*] ** * **** ******* ** the ****** **** **** *********** *********** and *** ** ********* *** *** Vivint ******, *** ** *** ***** about **** ***** ** ****** ****** from **** **** **** ******** ****** the ************ **** *********?

*****, *** **** ******** ** ********** a ****** ******** **** ** ******** previously ********. ** *****'* **** ************ from ****. *** **** *****'* * modest ************, **** ** ***** ****** $5 ******* **** **'** ********* **** Noonlight. [$* ******* *** ****** ******]

*****.*** *** *** *** **** ******* they ****** **** ****. *******, **** did ******* * ****** ****.

50%+ ****** ****

*** ********* ********* ****** **** ** "50% ** ******":

** **** ** ******** ** ****** in *** ****** ***********, ********* *** newest *********** *********, ***** *** ****** growth ********* **** **% ** ****** growth ***********

**** **** *********'* **** ******* ** the $* ******* *****, ******** **% YoY **** **** **** ** "****** $5 *******"

$5+ ******* ******** **** ****

********, *****.*** ***** ** ***** **** money ********* ********* ** ****:

** *** ******* ********* ** *** third ******* *** *** ******** ** invest **** **** ******** ********** ****, because **'* * ****-****** ********. ** there's ******** $* ******* ** $* million ** **********, **'** ****** ***** that's * *** ********** ** ****

10X+ ***** ** ***** *****

*** *****-**-***** ***** ** ************* *** or ******, ***** *** ********* ** ~$45 ******* ****** ******* ** *** $3 ** $* ******* *****. ***** that **** **** *** **** ** Q3 ****, ***** *** ****** ******** in *** ***** **** ** **** makes ** * ********** **** ****.

** *** *** ****, *** ********* for **** **** ******** **** ** Noonlight *** ********* **** *** ** higher. ** *** *****, **** ** the ******** ******** ***** *** *** prices **** **** **** ******* ** the ******.

Plans *** *********

*****.*** ****** * ********** *** ********* - ******* ** ***** *** ****** vendors *** ********** **** *** *********, adding **** ** *****.***'* *** *********, and ********* ********* *************:

*****, ********* ****** *****.*** ** *********** more ******* ** *** *** ******. Noonlight's ****-*******, **** ********enables *** ****** ******* ** *********** ********* ******** ************ **** ***** *********. Many of these vendors provide devices as standalone products that have not ************* **** ********* ** *** ******** *******.

******, ** *** ************* ** ******** technology ****** *** ********* *** *****.*** platforms *** ****** *** ******* *** our ******* ******** ********. *** *******, Noonlight's *** ********** *** ************* ** emergency ******** ******** **** ****** *** IoT ******.Integrating *** ********* ******** ************ **** ******** ******** **** ** **** **, ********* *** *** ******* ********* ******* would meaningfully expand their use cases and value proposition.

******, *********'* ******** *** ********** **** share **** ******* ** *** ********** and ********** ************. **** *** ********* to * ****** ******** ****** ** expanding ***** ******** ******* *&*.Noonlight **** ******** ** ******* *************. The team will focus on exceeding the expectations of their current and prospective customers and expanding their services platform. [emphasis added]

Video ****** ***

*****.*** **** ********* *** ********** ** growing ***** *** ***** ********, ******:

*** ***** ********** **** ********* ** progress ********* ** ** **** ****. The ********** **** ** ** *** over **% *** ***** *** **** 70% ** ***** **** ***** *********.

** ** ******** ** *** **** good ******** ** *****. *** *** could **** **** ** **** **** our ******** *******, ***** ******** ******* is ********** ** ******* ***** ****, mainly ****** ** ****** *****.