Resideo's 2023 and Q4 2022 financial report signals a slight dip in revenue for 2023 and the fourth quarter of 2022.

Net sales for the company also rose to the highest in the company’s history alongside a significant jump in its recurring service revenues.

After a rough 2022, the custom electronics industry-related publicly traded companies experienced bullish growth of 26.4% in 2023; CE Pro’s Smart Home Stock Index saw 44 of 55 tracked suppliers enjoy gains.