Vivint Smart Home, Inc. (VVNT) Reports Q1 Revenues Miss; Lowers FY20 Revenue Outlook, Reaffirms Adj. EBITDA Guidance
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Vivint Smart Home, Inc. Reports First Quarter 2020 Results; Provides Updated Outlook for Full Year 2020
May 7, 2020 4:10 PM EDTÂ
 Key Highlights
Total revenues increased 9.8% year over year to $303.2 million Adjusted EBITDAa of $134.9 million compared to $107.3 million in the prior year period Net loss of $138.1 million (including $20.9 million of restructuring costs) compared to net loss of $89.2 million in the prior year period 1,548,201 Total Subscribers at March 31, 2020, a 7.1% increase year over year Reaffirming 2020 Adjusted EBITDA guidance of between $525 and $535 millionPROVO, Utah--(BUSINESS WIRE)-- Vivint Smart Home, Inc. (NYSE: VVNT), together with its indirect subsidiary, APX Group Holdings, Inc., today... More
