Vivint Stock Surges 20% Following Q3 Results
During Q3, Vivint increased revenue by $52.7 million to $439.4 million and saw an all-time high in average monthly recurring revenue per user at $66.39.
During Q3, Vivint increased revenue by $52.7 million to $439.4 million and saw an all-time high in average monthly recurring revenue per user at $66.39.
Though Alarm.com had a successful Q3, it expects its fourth quarter to be negatively impacted because Vivint has stopped paying patent license fees.
Following a strong sales performance in fiscal 2022, the momentum continued for NAPCO during its first quarter of fiscal 2023.
ADT credits the 51% attachment rate of its Google doorbell offering as the driver of a 22% increase in residential installation revenue per unit.
Despite a turbulent economic operating environment, NAPCO reports a Q4 sales increase of 22% to a record $43.2 million and a net income increase of 36% to $7.5 million.
Alarm.com reported “solid” revenue gains during its second quarter and has a bullish outlook for rest of the year.
Vivint added 26,328 new subscribers, a record for the second quarter, and reported an attrition rate of 10.9%, a 17-quarter low.
Resideo’s Products and Solutions group had record revenues of $764 million, while its ADI Global Distribution unit hit record revenues of $922 million.
ADT saw its numbers greatly improve over last year’s results, increasing its net income from a massive loss to a big gain.
Snap One reported Q1 revenue growth of 26% to $277 million. Supply chain struggles will force it to initiate an 8% price hike in June.
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