ADT Reports Q1 Revenues Rose 18% to $1.5B
ADT also had a net income of $52 million compared to a net loss of $48 million last year in the same period.
ADT also had a net income of $52 million compared to a net loss of $48 million last year in the same period.
Despite the solid sales growth in Q3, NAPCO says its ability to fully meet demand for products continues to be constrained by the ongoing supply chain challenges, electronic component shortages and logistics delays.
Though Alarm.com’s Q1 revenues rose 19% to $205M, hardware and shipping costs increased dramatically, resulting in a price increase for Q2.
Vivint says it believes its 11.2% attrition rate is the lowest among national smart home companies by a significant margin.
Alarm.com continues to see success with its SaaS business model and anticipates up to 9.3% revenue growth in 2022 to as high as $819M.
Vivint also reported its lowest subscriber attrition rate in more than three years of 11.3% in its latest quarter.
Resideo’s 2021 net revenue was $5.8 billion, up 15% from 2020. The company had an operating profit of $559 million, an increase of 80% over the year prior.
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.
ADT continues to diversify beyond traditional home security, recently launching Blue by ADT, a DIY offering, and acquiring Defenders, its largest independent dealer.
Resideo plans to broaden its products and solutions segment into new and complementary verticals through new products, technology and business additions.
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