Ascent Capital Group Reports Q4 Earnings
The MONI and LiveWatch holding company reported RMR attrition declined in the 12 months ended Dec. 31, 2016, to 12.2% vs. 13.4% in the previous year.
The MONI and LiveWatch holding company reported RMR attrition declined in the 12 months ended Dec. 31, 2016, to 12.2% vs. 13.4% in the previous year.
Security dealers who join the RISE program will gain access to Monitronics’ marketing resources and back-office support for customer service, scheduling and installation.
The Monitronics holding company said its unit attrition rate for the 12 months ended June 30 was 13.2%, compared to 12.6% for the 12 months ended June 30, 2015.
The Monitronics holding company said it delivered meaningful improvements in dealer economics through reductions in creation costs.
During an earnings conference call, Jeff Gardner discussed the company’s strategies for upgrading 2G customers, as well as its ongoing battle to reduce its problematic attrition rate.
Ascent Captial revenue increased 4.2% in the fourth quarter and 4.4% for the full year.
Publicly-traded electronic security companies had mostly dreary returns during 2015, ending a six-year run of outperforming the S&P 500.
Jeffery Gardner arrives at Monitronics from the telecommunications industry, most recently serving as president and CEO of Windstream Holdings.
Monitronics inks deal with Icontrol for providing security and home automation platform (SHaaS) to 600 dealers.
Monitronics bolsters its DIY interactive and home automation services and picks up 32,000 LiveWatch Security customer accounts.