Vivint Smart Home, Inc. (VVNT) Reports Q4 Revenues Beat; Offers FY20 Revenue Mid-Point Guidance Below Consensus
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Vivint Smart Home, Inc. Reports Fourth Quarter and Full-Year 2019; Issues Outlook for Full Year 2020
March 5, 2020 4:10 PM ESTFourth Quarter 2019 Highlights
Total revenues increased 11.3% year over year to $307.8 million Net loss of $88.5 million; improved by $31.2 million year over year Adjusted EBITDAa increased 40.6% year over year to $125.1 millionFull Year 2019 Highlights
$1.2 billion in total revenues, year-over-year increase of 10.1% Net loss of $395.9 million; improved by $76.7 million year over year Adjusted EBITDAa of $421.4 million, year-over-year increase of 51.5% 1,552,541 Total Subscribers at year-end, 7.5% increase year over year Implemented second-look financing partner to expand consumer financing offering Announced merger with Mosaic Acquisition Corp. in... More