Vivint Q2: Sale of Canadian Accounts Rockets Revenue to $407.3M
Vivint added 26,328 new subscribers, a record for the second quarter, and reported an attrition rate of 10.9%, a 17-quarter low.
Vivint added 26,328 new subscribers, a record for the second quarter, and reported an attrition rate of 10.9%, a 17-quarter low.
Russell served as Vivint Solar’s chief financial officer from 2013 to 2020. He will be responsible for all corporate finance and accounting functions.
Vivint’s new smart home security cameras include a video doorbell, outdoor and indoor surveillance camera, and an outdoor light.
Vivint says it believes its 11.2% attrition rate is the lowest among national smart home companies by a significant margin.
During his time at AT&T, Patel was responsible for its portfolio-wide P&L with $35B of annual revenue, as well as its integrated platforms, products and solutions.
The Attorney General’s Office alleges that Vivint, primarily through its door-to-door salespeople, made false representations to induce Arizona consumers to enter into contracts.
Ron Davies previously served as president and CEO of Safe Auto Insurance Group, where he transformed the business into a technology-driven industry leader.
Vivint also reported its lowest subscriber attrition rate in more than three years of 11.3% in its latest quarter.
Vivint reports its Q3 2021 financials show a 21.3% increase in revenue to $386.7 million, up $68 million from the previous year’s Q3.
Following a lawsuit brought on by Big Blue last year, Vivint has countersued claiming ADT is in fact the one stealing customers.
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