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.
ADT said full-year results met or exceeded full-year guidance, with total revenue and adjusted EBITDA above the high end of ranges provided.
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.
Recurring service revenue for the quarter also increased 35% to $11 million as compared to $8.2 million for the same period last year.
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.
ADT says the revenue increase was driven primarily by a 5% increase in monitoring and related services revenue resulting from the company’s subscriber growth initiatives and an improvement in average pricing.
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