Vivint Reveals Some Eye-Popping Numbers During Quarterly Filing
In its first earnings call since becoming a public company, Vivint revealed margins at 40.6%, $66 in RMR per subscriber and 15 devices per installation.
In its first earnings call since becoming a public company, Vivint revealed margins at 40.6%, $66 in RMR per subscriber and 15 devices per installation.
Vivint President Alex Dunn will step down after 14 years at the company, but will serve in an advisory role through March 2021.
Vivint’s merger with Mosaic and IPO reportedly brought $690 million in capital to the company and added $488 million in equity.
The Z-Wave Alliance membership now exceeds 700 members worldwide with over 3,000 smart home and IoT certified devices on the market.
Vivint Senior Vice President of Finance and Treasurer Dale Gerard will serve as interim CFO while the company searches for a permanent hire.
The introduction comes on the heels of the successful completion of a pilot program in Lehi, Utah, using the service’s wireless mesh network.
The merged company is anticipated to have an initial enterprise value of approximately $5.6 billion and an initial market capitalization of about $3.1 billion.
Considered a technological milestone for the company, Vivint’s security engine now integrates two-way with Control4 home automation systems.
Vivint allowed its local business alarm license to lapse, resulting in its list of salespeople needing to be re-approved, a necessity in Wichita, Kan.
The new program is the first zero-down financing option for a comprehensive multifamily smart home solution, Vivint says.
This next installment of the SSI Industry Hall of Fame Webcast Series features Jim Henry, executive vice president of corporate development for Securitas Electronic Security.
The new IEEE 802.3bt standard increases the maximum PoE power available mainly by utilizing all four pairs of the structured wiring.
