Vivint Smart Home, Inc. (VVNT) Reports Q2 Net Loss of $3.5M

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Go back to Vivint Smart Home, Inc. (VVNT) Reports Q2 Net Loss of $3.5M

Vivint Smart Home Announces Second Quarter 2022 Results

August 8, 2022 4:10 PM EDT

Revenue grew by 15% as attrition reached 17-quarter low of 10.9% and service cost per subscriber reached all-time low
Adjusted for the divestiture of Canadian operations, revenue growth was 17.5% and attrition was 10.7%

PROVO, Utah--(BUSINESS WIRE)-- Vivint Smart Home, Inc. (NYSE: VVNT), a leading smart home company, today announced results for the second quarter ended June 30, 2022.

Second Quarter Financial Highlights (vs. prior-year period)

Revenue increased by $53.2 million to $407.3 million, representing an increase of 15% (17.5% ex Canada) Net loss improved... More