Apx Group Holdings, Inc. 10-K Annual Report March 2017

Provo, UT – March 2, 2017 – 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, 2016.

“The Smart Home market continued to grow and evolve in 2016,” said Todd Pedersen, CEO of APX Group. “We’re seeing customer awareness increase. New use cases are coming to the market while estimates for the future size of the market are increasing. Most importantly, we believe that Vivint’s strategy of deploying an integrated, full-service offering and a curated model and product offering is a key differentiator in driving customer experience and earning a disproportionate share of the market’s profit pool. Our sales have continued to grow nicely, in particular our Inside Sales, which is taking advantage of our increasing brand awareness, which drove a 53% year over year growth. The Vivint Sky platform has increased functionality and we released our first artificial intelligence offering, driven by data analytics and our direct customer engagement.” Mr. Pedersen continued, “I’d also mention that our entire team is focused on driving this momentum into 2017, including the priorities of channel expansion, Flex Pay and platform innovation.”

Revenue and Subscriber Data

Fourth quarter total revenues increased 16.9% to $204.5 million over the same period in 2015. The increase in total revenues was primarily driven by a 16.2% growth in recurring revenue from an increase in the Total Subscribers and an increase in Average Revenue per User (“ARPU”) for the same period in 2015.

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 Thursday, March 2, 2017 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 10.19: 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: 0001584423-17-000002
Submitted to the SEC: Thu Mar 02 2017 7:52:29 PM EST
Accepted by the SEC: Fri Mar 03 2017
Period: Saturday, December 31, 2016
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 Saturday, December 31, 2016

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