Apx Group Holdings, Inc. 10-K Annual Report March 2015

(“APX Group”, “Vivint” or the “Company”) today reported results for the fourth quarter and year ended December 31, 2014. APX Group reported total revenue of $152.4 million for the quarter ended December 31, 2014, an increase of 14.8%, as compared to $132.7 million for the same quarter ended December 31, 2013. Total revenue for the year ended December 31, 2014 was $563.7 million, up 12.5% compared to $500.9 million for fiscal 2013, or 16.6% after excluding from the prior-year period the revenue of 2GIG Technologies, Inc., the sale of which was completed on April1, 2013 (the “2GIG Sale”). The increase in total revenue was driven primarily by a 12.4% increase in the subscriber base and a higher percentage of our customers who subscribed for additional Smart Home services.

“2014 was a year of notable achievement for Vivint. We added over 200,000 new security and smart home subscribers and launched our Vivint Sky Smart Home cloud system and proprietary Smart Home panel,” said Todd Pedersen, CEO of APX Group. “The launch of the Sky cloud system pushed our customer adoption rate of additional services to nearly 70%, driving our Average RMR per New Subscriber for the year to an all-time high $61.89.” Mr. Pedersen added, “We also rolled out our high-speed wireless internet service and built out the infrastructure needed to accelerate growth in 2015. Our wireless internet offering, along with the data cloud storage technology we acquired last year, provides a winning bundle in the Smart Home space.

This earning release includes Adjusted EBITDA, a metric that is not calculated in accordance with Generally Accepted Accounting Principles in the U.S. (“GAAP”). See the “Statement Regarding Non-GAAP Financial Measures” section at the end of this earnings release for the definition of Adjusted EBITDA and a reconciliation to its most directly comparable financial measure calculated in accordance with GAAP.

The following information was filed by Apx Group Holdings, Inc. on Tuesday, March 17, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Apx Group Holdings, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 12.1: Statement Regarding Calculation Of Ratios

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Exhibit 99.1: Additional Exhibits

CIK: 1584423
Form Type: 10-K Annual Report
Accession Number: 0001193125-15-107534
Submitted to the SEC: Thu Mar 26 2015 9:38:24 PM EST
Accepted by the SEC: Fri Mar 27 2015
Period: Wednesday, December 31, 2014
Industry: Miscellaneous Business Services

External Resources:
SEC.gov

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Apx Group Holdings, Inc. (1584423) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

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