Record-breaking results attributed to the continued growth of recurring revenues as well as sales of Alarm Lock and Mark product lines.

Alarm.com total revenues rise a mere 2.1% to $209.7 million. Saas and license revenues rise 9.9% to $135.4 million.

Company reports colossal 231% increase in net income following strong sales and RSR performance.

Snap One reports full-year sales were up 11.5% to $1.1 billion based on 20,100 dealer customers doing $40,500 each on average.  

Company's success still translates to stock loss as outlook for consumer electronics continues to worsen throughout the broader market.