Apx Group Holdings, Inc. 10-K Annual Report March 2018

(“APX Group”, “Vivint” or the “Company”) today reported financial and operational results for the fourth quarter and full year ended December 31, 2017.

“At the beginning of 2017, we established an operational plan to implement a number of significant initiatives across the Vivint platform,”said Todd Pedersen, Chief Executive Office of APX Group. Flex Pay and our partnership with Citizens bank would require a shift in our customer value proposition and a reengineering of our sales and marketing processes, but would fundamentally improve the cash flow dynamics of our business. In terms of sales channel expansion, we determined to establish a market presence in an assisted-sale retail format, by agreeing to a national roll-out of a co-branded offering with Best Buy (NYSE: BBY). Finally, we set-out to invest in key infrastructure related to product quality, customer experience and enterprise efficiency. “While we realized these initiatives would be challenging the longer-term benefits will strengthen our balance sheet, better retain our customers and provide a more competitive business model. At the end of the year, I would say that we’ve effectively achieved these objectives and gained valuable learnings that will be incorporated in our go-forward strategies and plans.”

Revenue and Subscriber Data

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 6, 2018 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 10.24: 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

CIK: 1584423
Form Type: 10-K Annual Report
Accession Number: 0001584423-18-000002
Submitted to the SEC: Tue Mar 06 2018 8:42:30 PM EST
Accepted by the SEC: Wed Mar 07 2018
Period: Sunday, December 31, 2017
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 Sunday, December 31, 2017

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