NAPCO Security Exceeds Q4 Earnings and Revenue Estimates
Recurring service revenue for the quarter increased 43% to $9.5 million as compared to $6.7 million for the same period last year.
Recurring service revenue for the quarter increased 43% to $9.5 million as compared to $6.7 million for the same period last year.
Vivint reported its quarterly net loss improved by $57.7 million to $87.4 million, compared to $145.1 million for prior year period.
Recurring service revenue for the quarter increased 43% to $8.9 million as compared to $6.2 million for the same period last year.
ADT posted adjusted EBITDA of $542 million, relatively flat to the prior year, driven mostly by improved performance in commercial business.
The company also provided its financial outlook for SaaS and license revenue for Q2 and increased its guidance for the full year of 2021.
Alarm.com posted quarterly GAAP net income of $16 million or 31 cents per diluted share, compared to $13 million or 26 cents per share year-over-year.
ADT maintained its record low revenue payback, while growing RMR additions by double digits and increasing net subscribers.
Net sales for the fourth quarter increased 97%, which the wholesale distributor attributes in large part to acquiring rival Anixter in 2020.
Gross margin for recurring service revenue for the second quarter was 85% as compared to 81% for the same period last year.
During the quarter ended Sept. 30, the company added 17,111 customers, compared to 21,228 accounts for the same period in the prior year.