Market PositionConcerns exist about the changing relationship with ADT and competition from larger tech players, which could impact ALRM's market position.
Revenue GrowthTotal revenue year-over-year growth is expected to be down approximately 80 basis points quarter-over-quarter due to headwind impacts and lower hardware sales.
Risk ProfileCompetition from DIY security offerings, more modest growth in the domestic residential security business, and revenue concentration with large customers increase the risk profile of the asset.