Apx Group Holdings, Inc. 10-K Annual Report March 2016

Provo, UT – March 8, 2016 – APX Group Holdings, Inc. (“APX Group,” “Vivint Smart Home,” “Vivint” or the “Company”) today reported financial and operational results for the fourth quarter and full year ended December 31, 2015.

“We had a remarkable 2015 that firmly secured us as the smart home provider of choice,” said Todd Pedersen, CEO of APX Group. “In adding a record 236,562 net new subscribers, we surpassed one million customers and 78% of our new customers chose advanced smart home products and services. Both of our sales channels demonstrated strong growth, in particular, inside sales grew 34.2% for the year and exited fourth quarter with a 53.1% year-over-year growth rate. In terms of innovation, 2015 marked the launch of a two-way doorbell camera, Vivint’s personal cloud storage solution was brought to market, which now has over 88 petabytes of data storage in the network, and our Sky Smart Home cloud platform is generating and processing 280 million pieces of data per day.” Mr. Pedersen continued, “We carried this momentum into the 2016 Consumer Electronics Show where Vivint received numerous industry and media awards as a leading smart home technology platform. We are very much looking forward to 2016 as another successful year.”

Revenue and Subscriber Data

Total revenues for the fourth quarter increased 14.8% to $175.0 million over the same period in 2014. The increase in total revenues was a result of a 16.7% growth in recurring revenue, higher Average RMR per Subscriber, and a reduction in refunds and credits of $1.9 million. The increase in Total Revenues was negatively impacted by foreign exchange rates and a decrease in service and other revenues.

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 8, 2016 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.

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/1584423/000119312516500368/d11152d10k.htm

View differences made from one year to another to evaluate Apx Group Holdings, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Apx Group Holdings, Inc..

Continue

Assess how Apx Group Holdings, Inc.'s management team is paid from their Annual Proxy

Apx Group Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

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 10.17: Material Contract

Exhibit 10.18: Material Contract

Exhibit 10.19: Material Contract

Exhibit 10.20: Material Contract

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: 0001193125-16-500368
Submitted to the SEC: Thu Mar 10 2016 6:13:01 PM EST
Accepted by the SEC: Fri Mar 11 2016
Period: Thursday, December 31, 2015
Industry: Miscellaneous Business Services

External Resources:
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/1584423/0001193125-16-500368.htm

Apx Group Holdings, Inc. (1584423) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

SEC Filings

1584423 Annual Reports

1584423 Quarterly Reports

1584423 Corporate News