Apx Group Holdings, Inc. 10-Q Quarterly Report August 2018

Provo, UT – August 1, 2018 – APX Group Holdings, Inc. (“APX Group”, “Vivint” or the “Company”) today reported financial and operational results for the second quarter ended June 30, 2018.

Todd Pedersen, CEO of APX Group, commented, ”Vivint achieved strong second quarter 2018 results with total revenues increasing over 20% year over year. We also had strong growth in New Subscribers adding approximately 118,000 New Subscribers during the quarter, up 27% from the same period a year ago with the Direct to Home channel adding over 79,000 new customers, a 20% increase year over year and the Inside Sales channel adding over 33,000 new customers, up 24% from the same period a year ago. With regards to our retail channel, the Company and Best Buy agreed in principle to end the co-branded Best Buy Smart Home by Vivint arrangement. We believe there are opportunities in the retail channel, and are committed to work towards more efficient ways to better help our customers explore, learn about and buy the latest smart home products and services.”

a: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 Wednesday, August 1, 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-Q Quarterly 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-Q Quarterly Report

Material Contracts, Statements, Certifications & more

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

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-Q Quarterly Report
Accession Number: 0001584423-18-000023
Submitted to the SEC: Wed Aug 01 2018 5:10:18 PM EST
Accepted by the SEC: Wed Aug 01 2018
Period: Saturday, June 30, 2018
Industry: Miscellaneous Business Services

External Resources:
SEC.gov

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Apx Group Holdings, Inc. (1584423) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2018

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