Vivint Smart Home, Inc. (VVNT) Reports Q1 Revenues Beat; Offers FY21 Revenues Outlook
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Vivint Smart Home Grows New Subscribers by 20% while Accelerating Revenue Growth to 13%
May 13, 2021 4:12 PM EDTFirst Quarter 2021 Highlights (vs. prior year period)
New Subscribers grew by 20.1% to 60,127, a record high for the first quarter period Total revenues increased by $40.1 million to $343.3 million, representing growth of 13.2% Net loss improved by $57.7 million to $87.4 million Adjusted EBITDAa increased by $27.2 million to $162.1 million Attrition rate improved to 11.8%, the lowest rate in nine quartersPROVO, Utah--(BUSINESS WIRE)-- Vivint Smart Home, Inc. (NYSE: VVNT), a leading smart home company, today reported financial and operating results for the... More
